As we all know, the competition in the automobile market has always been extremely fierce, and in recent years, as new energy vehicles have become an outlet, more and more emerging car companies have begun to emerge.
However, not every car company can be smooth sailing in the fierce market competition, and some car companies have not even sold a few cars, and they have died prematurely for various reasons.
For example, the Sailin car, which has disappeared from the public impression for a while.
At the beginning of May, the Nantong Intermediate People's Court hung an auction information about "Jiangsu S Automobile Company" on the Ali auction platform, and the auction target was once named Rugao High-tech Entrepreneurship Service Co., Ltd.
Rugao High-tech Entrepreneurship Service Co., Ltd. is the predecessor of Jiangsu Sailin Automobile Technology Co., Ltd.
For Sailin Motors, some people may have heard of it and some people have not heard of it, but its development process is really like a farce worthy of vigilance.
The brand of Sailin was not domestically produced at the beginning. It is a supercar brand founded by the famous American racing driver and engineer Steve Sailin in the 1980s.
At the beginning, Sailin's products were modified from other brands, and it was not until 2000 that it was self-developed and launched the SuperCar Racing S7, and later went to the brink of bankruptcy because of dismal sales.
In 2014, a Chinese businessman named Wang Xiaolin bought the American Sailin and began to act domestically with the history and honor of the Sailin sports car as a gimmick for money.
At that time, many local governments in China had a strong supportive attitude towards the automobile industry, and Wang Xiaolin finally chose Rugao City, Nantong, Jiangsu Province, where subsidies and support were quite generous, to set up a company.
According to reports, Sailin Automobile was the largest single-invested manufacturing project in Rugao City at that time, with a total planned investment of 17.8 billion yuan.
In 2016, Zifu Holdings under the actual control of Wang Xiaolin entered into an agreement with Nantong Jiahe Science and Technology Investment and Development Co., Ltd. and Rugao High-tech Technology Entrepreneurship Service Co., Ltd. The three parties intend to establish Sailin Automobile through mergers and acquisitions and restructuring to create a joint venture project of Sailin Automobile with a total investment of 20 billion yuan and a planned annual vehicle production capacity of 380,000 vehicles.
It seems that Sailin Automobile is finally about to officially start in China, and a new car company is rising.
But then, what attracted everyone's attention was not how Sai Lin Automobile exerted its strength on the product, but Wang Xiaolin's extreme operation.
After the establishment of Sailin Automobile in China, Wang Xiaolin registered four companies in one day on March 3, and then proposed to the Rugao Municipal Government 10 billion yuan to achieve mass production, so that Rugao City invested 3.3 billion yuan, accounting for 33.4% of the shares.
Wang Xiaolin himself, together with the four newly registered companies, paid 6.7 billion yuan, and the technology invested in Jiangsu Sailin in exchange for nearly 67% of the equity of Sailin Automobile.
In 2017, Wang Xiaolin began to meet with various external investors intensively, and according to the survey, by 2019, Sailin Automobile had attracted nearly 4 billion yuan of investment.
Finally, in the summer of 2019, Sailin Automobile held a grand brand launch at the Bird's Nest, and invited The founder of Sailin, Steve Sailin, film and television superstar Jason Statham and others to help.
At the press conference, Wang Xiaolin brought four products, the sports car Selin S7, the planned mass production of the Selin S1, the Sailin Mai Mai, and the supercar SUV Mike.
But soon many car critics pointed out that the Sailin S7 is actually something 20 years ago, the Sailin S1 is a German niche supercar brand Artega acquired by Wang Xiaolin, and the supercar SUV Sailin Mike is still PPT.
Later, it turned out that what the car critics said was not needed.
Up to now, the only car independently developed by Sailin has achieved mass production.
This car is an A00-class car, the appearance resembles "old man music", priced at 158,800 yuan - 168,800 yuan, the annual sales of only 31 vehicles.
But the more dramatic story is in the following 2020.
On April 27, 2020, Qiao Yudong, the former senior legal manager of Sailin Automobile, reported the company's chairman Wang Xiaolin in real name, saying that he had invested 5.5 billion yuan and 1.1 billion yuan in the cost price of the technology at a cost price of 500,000 US dollars and 20 million US dollars respectively, infringing on the rights and interests of state-owned investors and causing the loss of billions of yuan of state-owned funds.
In response, Wang Xiaolin responded that since the establishment of Sailin Automobile, the investment and loans of all parties have accumulated 5.611 billion yuan, of which 3 billion yuan was spent on building a factory, about 1.5 billion yuan was spent on the company's operation (employee wages, marketing, etc.), and the remaining 1.2 billion yuan was used to open molds.
However, since 2020, Wang Xiaolin has been abroad, and Sailin Automobile has been exposed to the news of unpaid wages and suspension of production since 2020, and the brand has not mass-produced new models.
In the summer of 2020, the Intermediate People's Court of Nantong City, Jiangsu Province, seized all the assets of Sailin Automobile Shanghai Branch.
In July of the same year, the Rugao Economic Development Zone Committee issued a statement saying that Wang Xiaolin and others did provide false certification documents and embezzle public funds by taking advantage of their positions.
According to Tianyan, as of now, Sailin Automobile has been listed as a dishonest executor 58 times, and the total amount of execution has reached 2.739 billion yuan.
Until now, although Wang Xiaolin has made various justifications from time to time, he is still in the United States, and when asked when he returns to China, he says that he cannot buy a ticket and cannot return to China.
Now that the news of The Salen Car has been auctioned, it seems that this car-making scam is about to come to an end.
Write at the end:
After new energy vehicles have become the outlet, there are many companies that have emerged from nowhere, including those who really build cars and those who cheat on investment and subsidies.
The story of Sailin Automobile is undoubtedly a distinct negative model for investors and local investment promotion, which is worthy of vigilance from all parties.
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