Text: Half asleep
Since 2018, China's automobile production and sales have begun to decline year by year. According to the data, in 2018, the production and sales of mainland automobiles fell by 4.2% and 2.8% year-on-year, respectively, and the completed automobile sales reached 27.809 million units and 28.081 million units. Then in 2019 and 2020, it fell for two consecutive years, resulting in a "three-consecutive decline".
But even so, China's automobile production and sales have always remained the first in the world, and by 2020, it has won the championship for 12 consecutive years. On January 12, 2022, the China Automobile Association once again announced "good news". That is, China's automobile production and sales have not only won the "champion" for 13 consecutive years, but also appeared to "stop falling and rise". It can be seen that China's automobile industry is accelerating its development.
To this end, domestic car companies and brands have emerged. However, there is such a company in the industry, investing 26 billion yuan to build cars, and finally only sold 26 vehicles, this company is Jiangsu Sailin.
It is worth noting that different people have different views on Jiangsu Sailin's car manufacturing, and the more mainstream view is that Jiangsu Sailin is completely a company that deceives investors. The so-called car building is simply a fictitious thing, and all this is inseparable from its founder Wang Xiaolin.
Public information shows that Wang Xiaolin graduated from Hunan Xiangtan University and worked in the local court. In the 1990s, Xiaolin Received his J.D. from Duke University during his studies in the United States. Subsequently, Wang Xiaolin worked as a partner at an American law firm and later ventured into wall Street finance.
Since childhood, Wang Xiaolin has loved motor sports. In 2009, he founded The Vemon Gita Automobile Company (GTA) and then acquired the Hong Kong MyCar Mini Car Company, and has since embarked on a journey of car dreams.
Speaking of Sailin Cars, we have to mention "American Sailin". It is reported that Sailin Motors was originally founded by racing driver Steve Sailin in the 1980s. At that time, Sailin mainly produced sports cars and modified sports cars, and once launched a well-known racing car called Sailin S7.
Later, the automaker was on the verge of bankruptcy due to poor management, so in 2014, Wang Xiaolin bought out the auto company's intellectual property for $500,000.
At that time, the United States sailed to the brink of loss and bankruptcy. But fortunately, Wang Xiaolin knew many people. Relying on his personal connections, Sai Lin finally survived, and the funds recorded in the account reached 15.75 million in the same year.
Subsequently, he took "Sailin" to seek cooperation in various places in the name of foreign-funded enterprises. Until 2015, Wang Xiaolin injected 26 billion yuan into Jiangsu Sailin through his own loan and an investment of 6 billion yuan from the local department of Rugao City, Jiangsu Province, and opened a factory and production line.
In 2016, Jiangsu Sailin was officially established. After its establishment, in order to improve the popularity of Sailin Automobile, Wang Xiaolin spent 300 million yuan to open a new car conference around the Beijing Bird's Nest, and invited Jason Statham and many stars to stand for him.
Throughout the press conference, Sailin Motors used more than 260,000 LED light points, forming a huge logo. There is even a pomp and circumstance similar to the opening ceremony of the Beijing Olympic Games, and the entire event site is star-studded.
In addition, according to the media briefing held by Sailin in the early stage, Sailin will release three new cars at this conference, namely the micro electric sedan "Maimai", the high-performance supercar "Sailin S1" and the high-performance SUV "Maike". It is worth mentioning that in China, it is not uncommon for car companies to release electric vehicles, and it is strange that domestic supercars are produced. As a result, the "Sailin S1" immediately attracted the attention of many media.
At the same time, the poster of the press conference also showed a series of exciting slogans such as "Sai Lin Night, The Beast Is Coming", "Global SuperCar Model, Asian Debut", and a posture of keeping pace with nissan GTR.
However, what is surprising is that in the second half of 2019, Jiangsu Sailin not only did not launch a sports car, but even an ordinary car did not have one. Instead, it sells a product that is short in shape and looks like an old scooter, which is also dubbed "old man music" by many people.
But Wang Xiaolin said that this - Thering Maimai is a "small electric sports car" with handling comparable to a sports car. It is reported that the price of the customized version of Thermomy was as high as 158,800 that year, but the order volume was only 9. Moreover, the Maimai Tmall flagship store went offline in just one month.
Also, a miniature pure electric "old man" is priced at as high as 158,800, and it is no wonder that it will not be welcomed by consumers. In the face of only 9 orders, Wang Xiaolin does not seem to be in a hurry, on the contrary, he also arranged his family to the company and offered them and him millions of annual salaries. At this stage of development, it can be seen that Wang Xiaolin actually does not have any so-called car-making plans, and he opened the company purely just to make money.
Subsequently, on June 23, 2020, it was exposed on the Internet that the Shanghai branch of Jiangsu Sailin Automobile Technology Co., Ltd. had been seized by the Intermediate People's Court of Nantong City, Jiangsu Province - Sailin Automobile or officially "cool".
According to the announcement of the seizure, the Intermediate People's Court of Nantong City, Jiangsu Province, in the case of nantong jiahe science and technology investment and development co., LTD. v. Jiangsu Sailin Automobile Technology Co., Ltd. Shanghai branch of the enterprise debt dispute, has seized all the assets of Jiangsu Sailin in shanghai branch in accordance with the law. With this seizure announcement, Sailin Automobile can be said to have completed the first round of self-elimination of China's new car-making forces at the fastest speed.
However, it is worth mentioning that according to the sales statistics of Jiangsu Sailin, the cumulative sales of small cars produced by it are only 260,000 units nationwide, that is to say, the final sales volume of the Jiangsu Sailin automobile industry chain with an investment of 26 billion yuan is only 26 units.
What is even more surprising is that the 6 billion yuan invested by the local government of Rugao City to support the development of Jiangsu Sailin has almost lost all its money. At that time, the annual revenue of the official department was only 7 billion, and the losses suffered could be imagined.
Nowadays, many of the production equipment and production lines of Jiangsu Sailin have been mortgaged to Nantong Jiahe, with a cumulative mortgage amount of 1.212 billion. It can be said that Wang Xiaolin only used 500,000 US dollars to "leverage" 6.6 billion yuan of funds, and various operations can be called "magic", which has also made many people call Jiangsu Sailin a "magic car company".
However, some people say that Jiangsu Sailin has sold at least 9 vehicles, 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 its results can also be imagined. Without funds, there is no way to build a good car, and finally it can only go bankrupt.