What is the reason for the collapse of Xinyuan Power?

Market environment changes, capital chain breaks, and management is difficult.

1. Changes in market environment: The competition in the new energy vehicle market is fierce. With the intensification of industry competition, Xinyuan's power market share has gradually declined, resulting in a downward trend in sales and profits.

2. Broken capital chain: Xinyuan Power invested a lot of money in the process of expanding its business and production line. However, due to the changes in the market environment, the company's cash flow has problems and the capital chain has broken, which makes it impossible to maintain normal operations.

3. Management difficulties: Xinyuan Power has problems in management. The management team of the company lacks experience and ability and is not flexible enough to deal with changes in the market and industry, which leads to difficulties in company management.