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Who was the first new army to close down? The news of industry reshuffle has been around for a long time. Everyone has his own guess, but it is not easy to admit failure voluntarily.

On June 15, Bojun Automobile, which was established for four years but has not yet been mass-produced, announced that it had failed to build a car and would sell various core technologies such as the model platform. Interested parties, please contact CTO directly? Jerry. Lavin. On the same day, Bo County announced that all staff were on duty.

Boxian said that if you buy its technology, you can get vehicles on the road within a few months. However, a person familiar with Boxian told a journalist that several people expressed interest in b3 1 (the technical platform of the first model in Boxian) and contacted the company. However, after further understanding, they all gave up their purchase intention, thinking that it was not a complete platform and lacked a supply chain system. Jerry. Lavine didn't respond to Traveler's request for comment.

Bojun once had such a product plan: the first model iV6 will be produced in Li Xia at the end of 20 19 and delivered in the first quarter of 2020. The price range of this electric SUV is 250,000-300,000, and the sales channel is "dealer joining+direct sales".

None of these plans have come true. So far, Bojun iV6 has not started pre-sale, let alone mass production.

Boxian county began to be short of funds at the beginning of 20 19, and began to default on suppliers' payment and employees' wages. It was not until the official bankruptcy in mid-2020 that the above-mentioned insiders told a traveler: "Bo County really has no money and can't hide it."

According to a traveler, as of June 10, Bojun Automobile still has 566 employees. "Bo county still owes me six months' salary and promised salary 13, business expenses, etc. , totaling more than 500,000 yuan. An employee who recently left Bo County told a traveler, "Bo County has no solution to this problem and no repayment guarantee. "

Bo county, which is in full decline, is still actively saving itself. In addition to selling assets publicly on the one hand, a traveler learned that Bo County has decided to set up a new company engaged in consulting business, and the new company will acquire the talents and technical assets of the old company at a lower price. After this part of the funds are put in place, priority will be given to paying long-overdue employees' wages.

The closure of Bojun County is only the first domino, and the prospect of its joint venture with FAW Li Xia (SZ) Tianjin Bojun County is also in jeopardy, which may even affect the future of Li Xia. At present, FAW Li Xia has put automobile assets such as personnel and factories into the joint venture company, and the listed company has become an empty shell. After the reorganization, Wu Tie plans not to engage in automobile production business in the future. The prospect of joint venture between Li Xia and Boxian County is dim, and it is not clear where Li Xia will go.

Wages have been in arrears for more than a year.

Bo county has no money for a long time. When a brigade checked the public information, it was found that Bojun Automobile had been in arrears with suppliers since 2065438+February 2009. The supplier, Li Chang (Shanghai) Information Cabinet Manufacturing Co., Ltd., took Bojun Automobile to court on 20 19, demanding to repay the purchase price of nearly 4.5 million yuan, but Bojun Automobile was unable to pay.

In May, 20 19, Boxian County began to pay more than 800 employees in arrears. Due to long-term unpaid wages, many employees choose to leave their jobs to find their own way out. At present, the number of employees in Bo County has been reduced to 566, and many senior executives at the vice president level have also left.

On June 13, Huang Ximing, the founder of Bojun Automobile, issued an open letter to apologize, saying that as the main manager of Bojun Automobile, he did not take management measures to deal with the changes in the business environment at the first time, which led to a major imbalance in the company's financing rhythm and missed many financing opportunities.

According to the enterprise survey, Bojun Automobile has made six financing, the latest financing was 2065438+June 3, 2009, and it was announced that it had obtained 2.5 billion yuan invested by Yinan Capital, Shi Sheng Investment and Pukou Gaotou. However, some insiders told a brigade that financing was announced, but the arrears of wages were not made up, indicating that the actual situation of financing was in doubt.

According to company information, founder Huang Ximing, a Chinese American, has more than 20 years of experience in vehicle performance development in Ford, and the company has rich R&D experience and technical accumulation. "Bojun Automobile has established R&D centers in Detroit, China, Shanghai, Nanjing and Beijing, and made production layout in Nanjing, Shanghai and Huai 'an. At present, Bojun Automobile has gathered thousands of world-class suppliers and mastered the core technologies such as chassis, Sandian, lightweight, intelligent network connection, ADAS system, vehicle integration and performance development. "

Boxian, where the model is not mass-produced, has no self-hematopoietic ability. According to public information, Boxian County has been losing money every year since its establishment. Bojun was sued for defaulting on the employee's year-end bonus of 20 18. Bojun argued that the company suffered continuous losses on 20 17 and 20 18, which led to operational difficulties. In 20 18, the company lost nearly 400 million yuan and could not pay the promised year-end bonus.

Bo county has been burning money. Shortly after the establishment of 20 16, Bojun Automobile announced that it would invest 10 billion yuan to build a pure electric vehicle manufacturing base in Nanjing Pukou Economic and Technological Development Zone. 2065438+July 2007, its investment company Sixun New Energy settled in Huai 'an, Jiangsu, with a total investment of about 5 billion yuan. 2018165438+10, Bojun Automobile announced the construction of a new production base in Shanghai Lingang, with a total investment of about 3.5 billion yuan.

A lot of cakes have been painted, and mass production is still in the foreseeable future. 2065438+September 2009, Bojun established a joint venture company with FAW Li Xia, and Bojun paid a total of 2.034 billion yuan to sell land, plant and equipment in Li Xia, from which Bojun obtained production qualification. But up to now, Boxian has only contributed 1.465438 billion yuan in cash, which is far from the agreed amount, causing Li Xia's dissatisfaction. Secretary Li Xia said that Nanjing Bojun has not paid any capital contribution according to the agreement for more than 60 days, and Li Xia has the right to terminate the agreement.

Huang Ximing said in an open letter that Bojun Automobile has decided to reposition its business model. At this stage, we will actively cooperate with foreign countries with the achievements and products that the company has formed, and strive to create positive cash flow.

The insider explained to a tourist that the new model of Boxian County is regression consultation. ZhangChang, the director of human resources, set up a new company to acquire the intellectual property rights of Boxian Automobile, which will give employees some money to solve the arrears of wages, and then consult first, and then continue to build the whole vehicle after obtaining more financing.

This person further explained that before Huang Ximing's statement, a special meeting was held within the company to discuss the new company. At the meeting, the financing situation of the new company was disclosed, saying that four investment companies have investment intentions at present, and the scale of the first round of financing is about 1 100 million. However, the new company also limits the size of employees-as long as there are 300 employees in the old company, the salary owed from now on has nothing to do with the new company. This plan has caused great controversy among employees.

FAW Li Xia lost everything.

The situation in Bo County is precarious, and FAW Li Xia itself is also facing the problems of employee placement and debt handling.

At present, FAW Li Xia's vehicle business has basically stagnated, and its production qualification has been transferred to Tianjin Bojun, and it does not intend to continue to engage in vehicle production business in the future. The mixed reform of FAW Li Xia and Bojun is still full of uncertainty. FAW Li Xia, which is on the verge of delisting, will bet on the restructuring of Wu Tie (namely China Railway Materials) in the future.

"The establishment of Tianjin Bojun joint venture company with Nanjing Bojun is an active effort made by the company on the premise of revitalizing assets and working for employees, but the joint venture company itself will not generate new losses. The company will comply with the law, pay attention to the follow-up development of Tianjin Bojun, and actively safeguard the rights and interests of shareholders and employees. " At the investor exchange meeting held a few days ago, FAW Li Xia responded to relevant disputes and said, "The smooth reorganization of the company and Wu Tie shares will create favorable conditions for the subsequent development of Tianjin Bojun. If there is a worse situation in the company, it will not help solve the problems in Boxian County, Tianjin. "

Previously, FAW Li Xia had sent two official letters and three lawyers' letters to Bo County in Nanjing, demanding that Bo County in Nanjing fulfill its capital contribution obligations in accordance with the shareholders' agreement. FAW Li Xia stressed that if Nanjing Bojun continues to breach the contract for more than 60 days, it has the right to terminate the agreement with Nanjing Bojun.

According to a tourist, FAW Li Xia intends to transfer all the assets, liabilities and personnel sold to its wholly-owned subsidiary "Tianjin FAW Li Xia Operation Management Co., Ltd." (hereinafter referred to as Li Xia Operation Company), which will continue to be responsible for its operation and management.

According to the enterprise survey information, Li Xia Operating Company was established on April 9, 2020 with a registered capital of 6,543,800 yuan, with Tianjin FAW Li Xia Automobile Co., Ltd. holding 654.38+0.00% of the shares. Its business scope includes enterprise management, auto parts retail, motor vehicle maintenance, general goods storage services (excluding dangerous chemicals and other items requiring permission and approval), and auto parts and accessories manufacturing.

An employee of FAW Li Xia told The Paper that according to the relevant scheme, the employee's post, the time limit for signing the labor contract, the base ratio of five insurances and one gold, and the salary will remain unchanged. All employees need to terminate the labor contract with FAW Li Xia first, and then sign a new labor contract with Li Xia Operation Company. The new plan involves about 65,438+0,900 employees of FAW Lixia, including on-the-job employees, retired employees and employees waiting for posts.

But the vast majority of employees refused to sign new labor contracts. "The registered capital of the new company is only 6,543,800 yuan. We believe that it is difficult for it to bear the debt and resettlement expenses of FAW Li Xia, and FAW Li Xia has not made a written guarantee for the welfare benefits of employees after moving to Li Xia operating company. " The above-mentioned employees of FAW Li Xia said.

It is understood that in order to pass the plan by voting, FAW Li Xia held two workers' congresses respectively, but the plan was not passed at the first workers' congress. On June 15, more than 70 of the nearly 100 employee representatives voted in favor of the plan.

In this regard, the above-mentioned employees of FAW Li Xia said: "The workers' congress did not communicate with employees. Most of us don't agree to transfer to the new company, but the workers' congress voted to force it. Is this reasonable? " At present, most employees are opposed to the practice of FAW Li Xia transferring employees to subsidiaries, and refuse to terminate the contract with FAW Li Xia and sign a new labor contract.

If the assets reorganization of HeTieWu Co., Ltd. can be successfully completed, the business of FAW Li Xia will be transformed into material supply service and productive service mainly for the railway rail transit industry. The main business covers all links and material units of railway construction, operation and maintenance, and provides integrated comprehensive services such as material supply, production coordination, quality supervision, transportation organization, bidding agency, operation and maintenance for the railway industry and related markets around the fields of oil products, lines, equipment, industry and railway construction engineering services.

On June 16, *ST Li Xia announced that it planned to adjust the major asset restructuring plan. In order to avoid abnormal fluctuations in the stock price, *ST Li Xia has suspended trading since the market opened on June 6, 2020, and is expected to resume trading no later than June 23, 2020.

In other words, there will be new progress in the restructuring of FAW Li Xia and Wu Tie in the near future. Most employees of FAW Li Xia believe that holding a workers' congress to forcibly pass the resettlement plan of transferring employees and liabilities to Li Xia operating company is to clean up the "shell" of FAW Li Xia in advance and smoothly promote the restructuring with Wu Tie. (Editor/Yang Peiqian)

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.