Since 2018, the production and sales of automobiles in China have begun to decline year by year. In 2018, production and sales fell by 4.2% and 2.8% year-on-year, with 27.809 million units and 28.081 million units. Then in 2019 and 2020, it fell for two consecutive years, and there was a "three consecutive declines".
However, even so, China's automobile production and sales have always been the first in the world, and by 2020, it has been ranked for 12 consecutive years. On January 12, 2022, the China Automobile Association once again announced a "good news", China's automobile production and sales not only won the "champion" throne for 13 consecutive years, but even appeared "stop falling and rise".
According to the data, production and sales in 2021 increased by 3.4% and 3.8%, respectively, to 26.082 million units and 26.275 million units. It can be seen that China's automobile industry is accelerating its development. Because of this, domestic car companies and brands are also emerging in an endless stream, but there is such a company in the industry, investing 26 billion yuan to build cars, and only 26 vehicles were finally sold.
And this enterprise is called Jiangsu Sailin.
From lawyer to car builder?
Jiangsu Sailin is not a start-up enterprise, its predecessor is Rugao High-tech Entrepreneurship Service Co., Ltd., but was established by a number of enterprises and institutions at home and abroad with a registered capital of 10 billion yuan. And the former chairman of this company is Wang Xiaolin we want to say.
Wang Xiaolin can be said to be a highly talented student, from a domestic undergraduate to a foreign master's degree, studying law, and after graduation, he also entered a law firm. But since graduating in 1994, Mr. Wang has also started his own business, investing in the auto industry in 2006 when he was chairman of Zifu Holdings.
So later, he took a fancy to the American Sailin Automobile, which was originally a well-known company, but later there were problems in the operation and faced the crisis of bankruptcy. So in 2014, Wang Xiaolin bought out the car company's intellectual property for 500,000 US dollars.
Then he took "Sailin", with the "name" of foreign-funded enterprises, to seek cooperation in various places, although he ran into a wall all the way, but in the end he got an investment of 3.3 billion yuan from Jiangsu Rugao, so in 2016, Jiangsu Sailin was officially established.
Although some people think that the lawyer to build a car is somewhat incredible, but at the beginning of the new energy vehicle boom, there were really many cross-border car manufacturers, Xiaopeng Automobile founder He Xiaopeng, also learned computers, did the Internet industry, but also decided to build cars, and now Xiaopeng Automobile's development is still quite good.
Therefore, it is nothing for lawyers to build cars, but the "enigmatic" operation of Jiangsu Sailin is confusing.
300 million press conferences, sales of only 9 vehicles
In 2019, Jiangsu Sailin made a "big move", although it was not long after its establishment, it launched the "first shot" of the new car conference. It is reported that Jiangsu Sailin's press conference was held at the Bird's Nest, spending 300 million yuan, which is the most luxurious in history.
As a result, the standard Ferrari and luxury sports cars it advertised were eventually "ridiculed" by people, calling it like an ordinary factory-made "old man's music". The most important thing is that its pricing is still very "outrageous", as high as 180,000 yuan, which is enough to rival the main models of Japan and South Korea. Of course, in the end, this car also faced the desired result.
The data shows that from "on the shelves" to "off the shelves", about 1 year or so, the sales of this car are only 9. Such "achievements" can be said to be a complete "joke" in the automotive industry. However, Wang Xiaolin did not seem to be in a hurry.
Technology into the stake, mortgage plant equipment
Because here, to say a very interesting thing, although Wang Xiaolin is the actual controller of this enterprise, in fact, he did not contribute to the shares, Jiangsu Sailin 66.58% of the equity, Wang Xiaolin is completely by "technology into the shares", this technology includes the intellectual property rights of Sailin Automobile that he bought for 500,000 US dollars before.
Moreover, after Wang Xiaolin got an investment of 3.3 billion yuan, he not only held a new car conference, but also opened a factory and made a production line. But he mortgaged the factory and equipment, and directly borrowed 3.3 billion. The 6.6 billion yuan before and after can be said to make Wang Xiaolin spend clearly.
Eventually, in 2020, Wang Xiaolin was reported under his real name, and Wang Xiaolin took his family to the United States, and until 2022, he did not appear. At this point, people can figure out why Wang Xiaolin is not worried about the sales of The 9 cars of Sai Lin, it turns out that this is completely an operation of "empty gloves white wolf".
It can be said that Wang Xiaolin only used 500,000 US dollars to "leverage" 6.6 billion yuan of funds, and various operations are very "magical", and many people will call Jiangsu Sailin a "magic car company".
However, some people say that at least Jiangsu Sailin has sold 9 cars, which is much better than those "PPT" car manufacturers. But in fact, the birth of Jiangsu Sailin can be said to be a "scam" from beginning to end, and the results can be imagined, the funds are gone, and the car has not been built, and it can only go to extinction in the end.