China's first big flicker, finally fell

Author: Zhang Sheng

Source: Mingjin-wang (ID: mingjin-wang)

On the Chinese auto track, there has never been more than one Jia Yueting.

They all want to make money by telling stories, and in the end, all they leave is accidents!

When the myth degenerated into a joke, few people had seen Sailin's car.

It will not be seen in the future, because the brand has been pushed from the ICU to the morgue.

Recently, an auction information was released on the Ali auction platform, and the auction object was the land use rights and production lines and other equipment assets of "Jiangsu S Automobile Company" in Rugao, Jiangsu Province, with a starting price of 2.377 billion yuan.

It was subsequently confirmed that this was the last legacy left by the once-famous "Sailin Motors" after the bankruptcy, less than 2.4 billion.

The same is the game of car building, the boss Wang Xiaolin has already followed the pace of Jia Yueting absconded to the United States, refusing to return to China on the pretext of "not being able to buy a ticket to return to China", known as "the second Jia Yueting".

But what is even more ruthless than Jia Yueting is that Wang Xiaolin pulled local state-owned assets into the water before the accident, and he cheated the state of 6.6 billion yuan of real money and silver, causing heavy losses to local finances.

It is not an exaggeration to call it "China's first big flicker"!

Seeing him rise to a tall building, I saw him collapse.

Pulling an American car brand that few people abroad knows back to The country for some packaging, and finally making Jiangsu Rugao lose to vomit blood, Wang Xiaolin will play the trick of empty gloves and white wolves to the extreme.

1, Sailin Motors is a former American racing driver founded in 1983 supercar brand, even if there is a 40-year history, in the United States is one of many unknown brands, intermittent operation for decades, it has a bunch of unspeakable problems.

In 2014, Sailin was pocketed by Wang Xiaolin, and under a series of operations, the supercar brand became an "internationally renowned supercar" and has many advanced technologies and processes.

By chance, with the help of Pang Youth, Sailin reached a cooperation with the local government of Rugao, Jiangsu Province, and officially established Jiangsu Sailin Automobile.

That's right, it is the Pang Youth who claimed to have built "the world's first hydrogen-fueled car", a youth car that is also in Rugao, Jiangsu Province, which went bankrupt first last year.

It is based on the trust in Sailin's so-called technology that "Nantong Jiahe", which is wholly state-owned and controlled by Jiangsu Rugao, became a shareholder of Sailin in 2016, holding 33.42% of the shares, at the cost of money and land.

Wang Xiaolin, on the other hand, borrowed "technology into shares" and through a series of false supporting documents, packaged the "technology" worth 20.5 million US dollars into assets worth 6 billion yuan, and successfully replaced the 6.6 billion yuan of rugao state-owned funds.

2, with money Sai Lin, began to build a frenzy, at first there was a lot of work for the car, modern stamping, welding and assembly workshops have been built, including the test field, office building and other corresponding facilities are also complete.

Then it entered the PPT model, not a single car was built, and it began to advertise in first-tier cities, declaring that "more people will realize the dream of super running."

At the Bird's Nest press conference in July 2019, Sai Lin invited big stars such as Jason Statham and Wu Yifan to help at a high price, which pushed The name of Sai Lin to the peak in an instant.

However, at the scene of that fiery cooking oil, The Sailin Car exposed its true face and instantly fell from heaven into the stinky ditch!

Just when people are looking forward to when the "first sports car" in life will be mass-produced, who ever wanted to bring a supercar SUV that supported the field, but the highlight was the launch of a "old man le" electric car called "Mai Mai", which shocked everyone's jaw.

It is such a car that does not look good, the highest endurance is only 305 kilometers, which is almost the same as the high-end version of the Wuling Hongguang miniev "old man music", the price after subsidies is as high as 158,800, enough to buy two high-equipped Wuling Hongguang or a Xiaopeng car.

This 300 million-dollar conference has thus revealed the bottom to everyone, of course, including the state-owned assets of Rugao who regretted the beginning, and they have become the biggest wrongdoers.

3. Discovering the deceived Rugao State Assets, Wang Xiaolin and Sai Lin's car were sent to the trial bench, and Wang Xiaolin's deception and sinister intentions were fiercely exposed.

What makes Rugao state-owned assets even more angry is that Unlike other car companies that rush to cheat state subsidies, Sai Lin sold a total of 27 old men before the accident, which was obviously deceiving them.

Wang Xiaolin once disclosed to the media where the money was spent, of which 3 billion yuan was spent on building factories, 1.4 billion yuan was spent on personnel expenses and marketing expenses, and the remaining 1.2 billion funds were used to open molds and do parts support.

5.6 billion state-owned assets have been adrift in this way, from super to old man Le, a place of chicken feathers left by Sai Lin, and rugao places to spend money to clean up, the price is not expensive!

Sailin is not the first, and it will not be the last.

The new car-making forces that are now lying in the ICU waiting for rescue have long been lined up.

Byton Automobile, which lost 8.4 billion yuan, has declared bankruptcy and liquidation in 2021, and the same car has not been built, but it almost dragged down the partner FAW Group, which is worthy of local vigilance in Rugao.

Zotye Automobile, which once made the Porsche boss show a confused expression, is still thinking about the comeback, and behind the continuous debunking of rumors, it is the fate of the former "China's first new energy car" that is not willing to be acquired, and "Porsche" still wants to start over.

Just on April 8, Borgward Automobile, which calls itself the "brother" of Mercedes-Benz and BMW, was filed for bankruptcy liquidation by shareholder BAIC Group, and burned 5 billion yuan of real money and silver with state-owned assets in 2021.

Aiways, which sold 3011 cars in a year, was exposed two years ago to the news of tight capital chain, and what is more famous than the brand is the repeated fire incidents.

There are also Yundu cars, Skyline Cars, and more car brands that have not even left their names, which are struggling to sell 2,000 vehicles a year, and have disappeared silently, burning hundreds of millions or even billions of dollars, as if nothing had ever come.

On this list of new chinese car-making forces released in 2020, 90% no longer exists, except for a very few car companies such as zero running, there is almost no one who can come back to life.

These have sounded a lot of alarm bells for us, building a car is an extremely complex and long-term undertaking, it is not a hot head that can do a successful thing, and any mistake in any link may be lost.

Hefei, China's most recognized "gambling city", is not all able to imitate success if you want to learn, and if you don't pay attention, the hard-earned money of the people may be cheated by the "Jia Yuetings" in vain.

Investment needs to be cautious, follow the trend of investment should be more open-eyed, really careless ah!