Baoneng is in arrears of wages, suspended social security payments, and unconditionally laid off

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#宝能1

Author Chen

Editor Rambol

Image source Network, intrusion and deletion

The automobile industry has always been regarded as a cross-border "window" by the outside world. From the early days when home appliance companies entered the market one after another, to the recent deployment of new energy vehicles by real estate and technology companies, the automotive industry has already attracted the attention of capital. However, building cross-border cars is not an easy task, and problems gradually exposed in the industry are constantly appearing in the public eye.

On June 15, good news came from Baoneng Motors, which had been silent for a long time. Guangzhou Development Zone state-owned enterprises will provide 12 billion yuan for Baoneng new energy vehicles.

This is good news that the "new forces" in car manufacturing have received support from the government. However, after an automotive media reported the incident, the comment section became a gathering place for employees to demand wages. "No salary and no social security is really good for you", "If you don't believe in Yao, don't pass on Yao and give me my salary and social security."

You know, in 2015, Baoneng Group even competed with Wang Shi for nearly half a year to become Vanke’s largest shareholder.

With such a behemoth as its backer, no one would associate Baoneng Auto with the word "lack of money." However, to everyone's surprise, Baoneng could not even pay wages.

Repeated wage arrears and repeated debt collections

“Last year’s social security should be in arrears for all Qoros employees. The same situation applies to more than 130 people in our company. This month I didn’t even get paid. No." Employee Bao said that QorosAuto Shanghai Branch did not pay employees' social security from February 2020 to September 2020, and QorosAuto Shanghai Branch did not explain or respond to employees' official social security reminder emails. Faced with the difficulties and demands caused by employees' unpaid social security, Qoros Automobile Shanghai Branch did not deal with or communicate with them, and refused mediation by the arbitration department.

There is also an employee salary group on the Internet called "Baoneng Plays Monkey-Recruitment Routine Group". There are also employees who claim to be Baoneng Motors Shenzhen Office on Zhihu, constantly updating their "arrears of wages" journal". According to its diary released on June 15, the company's own funds owed in 2020 include six months of provident fund, three months of social security, one month of salary and year-end bonus.

“Although I have some predictions about the salary increase, I still cannot accept it. Moreover, through observation during this period, it can be said that the credit of Baoneng Automobile, Baoneng Department, Yao Zhenhua, and Shangchao have all been affected. Although this sentence has a great impact, my real experience also expressed my personal views and concerns about Baoneng Group.

In fact, as early as the beginning of 2021, rumors of Baoneng's wage arrears began to ferment. At that time, multiple media reported that around the Spring Festival, major sectors of Baoneng Group began to lay off employees on a large scale, with the ratio of layoffs ranging from 20 to 30. At the same time, all employees of Baoneng Group have stopped paying social security contributions.

In addition, some employees broke the news that the year-end bonus paid around the New Year in 2021 was changed from the "14,15 salary" specified in the contract to sausage, tangerine peel, soy sauce, and water cups.

Baoneng’s response to this is that the year-end bonus has not been paid out for the time being, but the news that Baoneng Group has laid off employees and stopped paying social security is not true, but it has carried out some normal organizational structure optimization.

To what extent can Bao’s reputation collapse? Zhihu and Tieba, as long as they are about Baoneng, they are all about crusading against his unpaid wages. And this phenomenon has stopped in the automotive field.

Of course, these operations are commonplace for Baoneng. After all, Baoneng, who joined the car-making industry as a barbarian, has acted contrary to modern civilization since acquiring Qoros.

In 2017, after Baoneng acquired Qoros, negative news broke out from dealers. More than 40 dealers jointly issued a letter collectively condemning Baoneng's behavior: "The price difference of the car is too big, the promised new car show fee has not been fulfilled, and the assessment and target customization of each dealer are not in line with reality. The most worrying thing is that, Car sales rebates cannot be settled in time.

”

In 2018, Qoros Automobile was submitted to arbitration by the latter due to arrears of 56.1839 million yuan in energy transmission service fees.

In April 2019, there were reports that Qoros Automobile’s Changshu factory suspended production. The reason for the suspension of production was that Qoros was in arrears with suppliers, and the suppliers stopped supplying parts to the factory. This also resulted in the loss of parts from Qoros dealers. Subsequently, at the Qoros platform of the Shanghai Auto Show, many suppliers held up banners with the words "Baoneng is unscrupulous, Guan Qoros is unscrupulous." A rights protection action was launched under the banner of "Baoneng Qoros owes money"; a week later, the rights protection team joined a number of dealers wearing white T-shirts with the words "Baoneng Qoros Cheating Management" printed on them.

Unpaid wages , suspension of social security payments, unconditional layoffs... Baoneng Motors has been at the forefront

This is called car building, but it is actually land enclosure

Cui Dongshu, secretary-general of the association, was previously interviewed by the media. During the interview, he said: "Objectively speaking, when companies build cars, they generally do not build a large number of production bases at the beginning. Baoneng's car-making concept is very likely to be combined with real estate development."

Over time. With the passage of time, the true face of Baoneng Motors is emerging.

According to statistics, Baoneng only has four car manufacturing bases in Guangzhou, Hangzhou, Kunming, and Xixian New District, with an area of ??423 acres, 3,000 acres, and 3,000 acres respectively. 6,300 acres, 1,933 acres, with a total area of ??11,656 acres. In comparison, the area of ??Tesla Giga Shanghai is only about 1,290 acres. Yao Zhenhua claimed that Baoneng will become world-famous in five to ten years. One of the first-class automobile manufacturers.

But Baoneng’s actual annual production capacity is only 350,000 vehicles, including 150,000 vehicles at Changshu Qoros Automobile Plant and 200,000 vehicles at Changan PSA Shenzhen Plant. Sales have been declining in recent years. As of 2020, Qoros's total sales volume is obviously not comparable to such a large production base.

Yao Zhenhua once said, "Baoneng Automobile's implementation. The technical route of combining oil and electricity and taking into account hydrogen fuel vehicles has developed a variety of products on three major vehicle platforms. Dozens of products are under research, covering cars, SUVs, MPVs and other models. ”

Compared with the ambitious car-making plan, Baoneng Automobile’s base construction and new model research and development are progressing slowly. In fact, although Baoneng Automobile has acquired Various lands, but so far, Baoneng Motors has not produced a new car. Although Qoros7 and DS9 are Baoneng's products, they are after all products of Qros and DS, and they are also new energy electric vehicles that are truly mass-produced. There are zero car products.

At the same time, the development of surrounding real estate is not slow, and the progress has even exceeded the construction progress of automobile bases.

Since the concept of new energy vehicles has become a hot topic, many places have begun to develop new energy vehicles. The government is eager for this large-scale emerging industry with good development prospects, but there are not many areas with real industrial foundations, so there is a situation of "supply exceeds demand" in attracting investment.

This group of real estate companies found that. In the name of new energy vehicles and supporting industries, we are vigorously building new energy vehicle industrial parks. In this way, we can not only obtain residential land at low prices, but also participate in primary land development and bind the government's land transfer revenue. It can be described as killing two birds with one stone.

Baoneng, who has a background in real estate, will naturally not give up this opportunity to acquire land. Before its automobile base in Xi'an is built and new cars are produced, the supporting commercial real estate projects "Automobile Town" and "Automobile Intelligent Valley" has taken the lead in obtaining a sales certificate, and the projects available for sale include apartments, villas and lofts. In other words, Baoneng is enclosing land in the name of "building cars", and the houses on the ground are sold before cars are built.

In addition to the production base, every step of Baoneng’s planning seems to be linked to land acquisition. Why did Baoneng spend 3.23 billion yuan on acquisitions and have a cumulative loss of nearly 6 billion yuan? ? The large amount of available industrial land obtained after the acquisition may be the ultimate goal. It is reported that in this acquisition, approximately 2,055 acres of land will be obtained for vehicle, R&D and logistics alone.

You must know that of the 4.4929 million square meters of industrial land acquired by Baoneng Motors in recent years, only 430,000 square meters have been completed and put into production. Less than 10,000 square meters of uncompleted industrial parks are used for continued pledge financing.

In November last year, the National Development and Reform Commission issued a document requiring local development and reform commissions to report investment in new energy vehicles, with Baoneng Automobile being highlighted. Baoneng Auto responded by admitting false propaganda and production capacity injection.

Talk about cars

Needless to say, new energy vehicle manufacturing is the general trend and is also a historical opportunity for industrial change and reshuffle that occurs once in a century. No one wants to miss the trend of this era, even if the ultimate high probability is that "one person can make it happen", Baoneng is no exception. It is still unclear whether the 1 billion investment can save Baoneng Motors. Even if it attracts more investment, it will be in vain for car companies that cannot sell cars. Moreover, Yao Zhenhua’s mind is not on building cars at all, and the new energy industrial park is just a cover for land enclosure. If Baoneng Motors spends all the money it spends on buying land on the cars themselves, it will have no place among the new energy vehicles running on the streets.

The above content is uploaded and published by "Volkswagen Car Review", view the original text.

One million car purchase subsidies