Recently, the Intermediate People's Court of Nantong City, Jiangsu Province, updated an auction information about "Jiangsu S Automobile Company".
The auction target was once named Rugao High-tech Entrepreneurship Service Co., Ltd., Jiangsu S Automobile Investment Co., Ltd., and it can be clearly found through the public photos on the online auction platform that the company is actually Sailin Automobile.
Sailin Cars are now long gone. But a few years ago, it was a car company that once claimed to be building a "supercar" in China.
According to the data, Sailin Automobile was established on July 10, 2009, with a registered capital of 10 billion yuan, and its business scope involves technical research in the automobile industry and auto parts manufacturing.
On July 20, 2019, Sailin Automobile held a huge brand launch conference at the Beijing Bird's Nest, inviting Jason Statham, Steve Sailin and others to help, and there are rumors that the conference cost more than 100 million yuan.
Not only that, Sailin Automobile also launched a large number of building elevator advertisements, in which it publicized its "super running gene" with great fanfare.
However, at the press conference, Jiangsu Sailin only released two new models of the mini car Maimai and the "supercar" SUV Mike. The first mass-produced car,"Maimai", resembles an "old scooter" and has nothing to do with the supercar it promotes, and has been much discussed by the market.
What doesn't match the overwhelming advertising is that the sales of this car that does not conform to the mainstream of the market are very dismal, and the data shows that only 9 cars have been sold since the launch of the car.
Since June 23, 2020, the company has experienced a complete seizure of factories and office buildings, the freezing of accounts, the relevant responsible persons have also been filed and investigated, and the Sailin Automobile Factory has also been closed due to debt disputes.
The auction is located in groups 5, 6, 7 and 8 of Zhennan Community, Chengbei Street, Rugao City, the land use rights of Groups 7, 12 and 18 of Shuanglong Community, and the above-ground buildings and assets involved in machinery and equipment, production lines, assembly lines and other assets, with a starting price of nearly 2.38 billion yuan, which will be publicly auctioned on May 30, 2022.
According to tianyancha information, as of now, Sailin Automobile has been listed as a dishonest executor 58 times, and 10 times has been listed as a judgment debtor, with a total amount of 2.74 billion yuan.
Xiaoxiang Morning News reporter Hu Xiong