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Two more independent car companies, one stopped production and one went bankrupt!

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Due to the increase in the price of raw materials, the limited supply of parts and components, and the significant increase in the cost of car manufacturing due to the epidemic, car companies have to increase the price of models. For car companies, this is not the most terrible, the most terrible is the car companies that have little influence, at this time, it is exposed to stop production and bankruptcy, which is a matter of life and death, and it is not so easy to turn over in one fell swoop in the future.

Two more independent car companies, one stopped production and one went bankrupt!

No, recently there are two major independent car companies involved, one was exposed to stop production, and one was exposed to bankruptcy and restructuring.

●Yundu Automobile was exposed to discontinuation

Recently, Yundu Automobile was exposed to have stopped production in February this year due to the break in the capital chain.

In response, the official response: "We stopped production mainly because of battery problems, and now the new supply has been determined, and it is expected to resume production in two months." ”

Is the situation really that optimistic? Let's talk about the current situation of Yundu automobiles.

Two more independent car companies, one stopped production and one went bankrupt!

On December 4, 2015, Yundu Automobile was jointly established by Fujian Automobile Industry Group Co., Ltd., Putian State-owned Assets Investment Co., Ltd., the management team, and Fujian Haiyuan Composite Material Technology Co., Ltd., with a registered capital of 900 million yuan.

In January 2017, Yundu Automobile obtained a new energy vehicle production license;

In February 2017, yundu new energy vehicle brand was released;

In April 2017, yundu π1 and yundu π3 were unveiled at the Shanghai Auto Show;

In October 2017, Yundu Π1 was officially listed;

In March 2018, Yundu Π3 was officially launched.

Two more independent car companies, one stopped production and one went bankrupt!

Up to now, Yundu Automobile has only two models on sale, π1 and π3. In terms of sales, in the whole year of 2021, the combined sales volume of the two cars was only 5361 units; according to the data of the Association of Automobile Associations, in January 2022, the sales volume of Yundu π1 was 185 units, an increase of 1.09% month-on-month and a year-on-year decrease of 49.04%; the sales volume of Yundu π3 was 79 units, an increase of 1.28% month-on-month and a decrease of 49.36% year-on-year.

Two more independent car companies, one stopped production and one went bankrupt!

Looking back at the domestic new energy vehicle market, from 2017 to the present, it has developed better and better, countless new energy vehicle products have poured into the market, while the monthly sales of Yundu Automobile are only three digits, which is not equal to ideal, Xiaopeng and later such as Lantu, Huawei AITO, etc. It can be said that it has witnessed the development of the domestic new energy vehicle market, but it has not kept pace, and it is very appropriate to describe it as "getting up early and catching up late".

According to the financial report, the net loss of Yundu Automobile from 2017 to 2020 was 0.95 billion yuan, 138 million yuan, 177 million yuan and 204 million yuan, respectively; the revenue in 2021 was 67.7632 million yuan, with a net loss of 213 million yuan; and the revenue in the first quarter of 2022 was 6.6025 million yuan, with a net loss of 0.56 billion yuan.

It is reported that after 2019, Yundu Automobile is basically in a state of suspension of work and production, and the current sales of hundreds of units are also small fights, which cannot fundamentally save the decline of Yundu Automobile in the terminal market.

Two more independent car companies, one stopped production and one went bankrupt!

Moreover, Yundu Automobile is currently suffering from "internal and external troubles", the external environment continues to hit, and the internal Haiyuan Composite will transfer 11% of the shares held by Yundu Yundu Automobile to Zhuhai Yucheng Investment Center Limited Partnership, with a transfer price of 22 million yuan. After the completion of the transaction, Haiyuan Composite no longer holds the equity of Yundu Company.

In fact, after the establishment of Yundu Automobile, the internal experience of many changes in the equity structure, Haiyuan Composite has been sitting firmly in it, the action of Haiyuan Composite is intended to stop loss, the current situation of Yundu Automobile is self-evident.

Even if, as the official said, the resumption of work after 2 months, the future of Yundu Automobile is also worrying.

● Hanteng Automobile was exposed to bankruptcy and restructuring

Recently, domestic media reported that Hanteng Automobile is about to complete bankruptcy and restructuring before April 25, and its first phase of the factory will be sold to Great Wall Motors at a low price.

The authenticity of this news, Great Wall Motors and the relevant competent departments of Shangrao City did not give a reply. But it does not seem surprising to think about Hanteng Automobile 2 years ago, which went bankrupt and reorganized this year.

Two more independent car companies, one stopped production and one went bankrupt!

Jiangxi Hanteng Automobile, like Zotye Automobile, the investment holding company behind it originated from the Iron Bull Group. It was established in 2013 and released the Hanteng brand in 2016.

In August 2020, Hanteng Automobile employees exposed that the company was in arrears of wages, and later reported negative news such as unpaid suspension of work, factory suspension, and mortgage of production equipment.

Two more independent car companies, one stopped production and one went bankrupt!

In September 2020, Hanteng issued an email entitled "Notice on Work Arrangements During the Introduction of Industrial Investment", requesting that most of the remaining employees, except for the duty personnel, arrange leave from September 7 to October 8. At the same time, some employees said that the equipment of The Hanteng production line had been mortgaged in June and July.

Later, there was also news of the reorganization of Hanteng and Aichi, but there has been no latest progress.

Two more independent car companies, one stopped production and one went bankrupt!

In June 2021, Great Wall announced that Great Wall Motor's vehicle and parts production base project was officially settled in Jiangxi Shangrao Economic and Technological Development Zone. At this point, Great Wall Motors completed the takeover of the second phase of Hanteng Automobile's factory.

However, at that time, Hanteng executives had said that Great Wall Motors only funded the purchase of the second phase of Hanteng Automobile's factory and equipment in the factory, and did not participate in the restructuring of Hanteng Automobile.

Two more independent car companies, one stopped production and one went bankrupt!

Now, the news of the restructuring has come out again, hoping to solve the problems of employees left over from history. At present, the employees of Hanteng Automobile have basically been laid off or voluntarily left, and there are dozens of local people left behind in Shangrao, waiting for the company to give compensation.

End

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