Jiangsu Sailin built a car worth 6.6 billion and sold only 31 cars. Why is it called a big scam?

On April 27 this year, Qiao Yudong, the former senior legal manager of Jiangsu Sailin Automobile, reported the company’s chairman, CEO and legal representative Wang Xiaolin with his real name, questioning Wang Xiaolin’s alleged false technology investment and misappropriation of huge amounts of state assets: Wang Xiaolin actually The four foreign-invested enterprise shareholders who controlled Sailin Company used false technology investment at a price of 6.6 billion yuan to defraud Sailin Company shares and gain control of the company. Nantong Jiahe, the sole state-owned shareholder of Sailin Company, has provided a total of 6.6 billion yuan in funds. However, without Wang Xiaolin investing a penny, Sailin Company was unable to fulfill its duties as a state-owned asset investor because of Wang Xiaolin's efforts to obstruct it. According to the development, Wang Xiaolin did not even allow the state-owned shareholder Nantong Jiahe to appoint or remove a senior executive of Jiangsu Sailin. ?

Wang Xiaolin does not deny that Sailin Automobile has spent nearly 6 billion yuan: 3 billion yuan was spent on building the automobile factory; about 1.4 billion was spent on personnel expenses, marketing expenses, etc.; the remaining money was used Come and build a car. However, in Wang Xiaolin's view, the money is far from enough. ?Among the new car-making forces in China, we are the most cost-effective because I have experience in financial control. It would not be called building a car without an investment of tens of billions of yuan. ?Last year during Double Eleven we opened a Tmall store, which ran for 30 days and sold 31 cars, almost one car per day on average. In May this year, we signed a sales order for 15,000 vehicles. According to the plan, we needed to deliver 300 vehicles in June, but in the end all assets, including the vehicles, were frozen and unable to be delivered. ?In other words, it took more than four years to build the car and spent more than 6 billion yuan. The so-called mass-produced Maimai has only sold 31 cars so far.

It took four years to build the car, but within a hundred days, Sailin Automobile died suddenly. Sailin Auto's account has been frozen. Sailin Auto's two factories in Rugao and the Shanghai branch were sealed by the Nantong Intermediate People's Court. Senior executives and employees resigned one after another, and Sailin collapsed suddenly. Wang Xiaolin, who is in the United States, is facing off with the Rugao government, blaming each other for the company's shutdown. I have no responsibility! ? Now in the United States, Wang Xiaolin refuses to return to China and is called the "Jia Yueting of the car manufacturing industry." He said, "Jiangsu Sailin is gone, and what's left is to hold people accountable for this matter." ''On April 27 this year, Qiao Yudong, the former senior legal manager of Jiangsu Sailin Automobile, reported the company's chairman, CEO and legal representative Wang Xiaolin in real name, questioning Wang Xiaolin's alleged false technology investment and misappropriation of huge amounts of state assets.