Jia Yueting may face bankruptcy liquidation.
Editor’s note: This article is from “Future Car Daily” (WeChat public ID: auto-time), author: Pan Lei.
Organization: Pan Lei
Headline
Wei Libin: The spring of electric cars is not far away
On November 20th, Li Bin, the founder of Weilai Automobile, attended the China Automotive Industry Forum and said that Weilai Automobile delivered 2,526 units in October. The delivery situation in November is expected to be better, which indicates that personal consumption demand is strong. With the entry of Mercedes-Benz, Tesla and other car companies, everyone is cultivating the market together, and the spring of electric cars is not far away. (Future Car Daily)
Features
Some creditors asked the court to reject Jia Yueting’s bankruptcy reorganization application, or turn it into bankruptcy liquidation
On November 13, Shanghai Lazy Asset Management Company submitted an application requesting the rejection of Jia Yueting in accordance with Chapter 11 of the US Bankruptcy Law. The bankruptcy reorganization of the application, if it cannot be dismissed, requires a transfer from the Delaware court to the California court. The reasons for lazy finance include that Jia Yueting’s debt creditors are mainly located in China, and Jia Yueting applied for personal bankruptcy in the United States, which involved problems such as language inconvenience. (澎湃)
Wei Ma Automobile is expected to release the 7 Series sedan in 2021 with a cruising range of 700 km
Wei Ma Automobile said that the company plans to release the 7-series sedan in 2021. The sedan will be equipped with an L3-class assisted driving system and will be fitted with a 5G technology cockpit. The NEDC’s comprehensive working range will exceed 700 kilometers, and the WLTP service life will last. The mileage is over 600 kilometers. (Future Auto Daily)
Two years of free charging, please cooperate with the US charging network
Betting Motors, which had previously acquired US dealership licenses and retail licenses, announced that it will work with Electrocify America to provide car owners with two years of free charging service in the United States. (Car Home)
Bo County and FAW Xiali Joint Venture Company
On the evening of November 20, FAW Xiali announced that the joint venture with Bojun Automobile has obtained a business license with a registered capital of approximately 2.54 billion yuan. Different from the traditional “technical market-changing” joint venture mode of Chinese and foreign auto companies, Nanjing Bojun has invested RMB 2.034 billion in this cooperation. FAW Xiali has a price of 505 million yuan for assets and liabilities related to vehicle, plant and equipment. Investing in the capital, the two parties held 80.1% and 19.9% respectively, and Tianjin Bo County Automobile Co., Ltd. was incorporated. This means that Bo County will obtain production qualifications through a joint venture model, and FAW Xiali is expected to revitalize its assets through fresh blood. (Future Car Daily)
Beijing Hyundai lost 750 million yuan in the third quarter
Recently, Hyundai Group announced Beijing Hyundai’s third-quarter earnings report. According to the data, Beijing Hyundai achieved revenue of 2.76 trillion won (about RMB 16.6 billion) in the third quarter, and its operating loss was 125.3 billion won (about RMB). 750 million yuan). (Gaishi Automotive)
Wei Jianjun is the chairman of Weipai Company, and the WEY brand challenges the annual sales of 300,000 vehicles.
When the third anniversary of the WEY brand night event, Wei Jianjun, chairman of Great Wall Motor, announced that he will be the Wei Pai company from now on. Chairman of the Board of Directors, “(Great Wall Motors) will accelerate the integration of the Group’s advantageous resources and apply the most advanced technologies and resources to the WEY brand.” Wei Jianjun said, “Our goal is to achieve a comprehensive brand in the next stage, to build WEY Becoming a user-centric, technology-driven, global-oriented brand. Wei Jianjun expects that by 2025, the brand will achieve annual sales of 300,000 units. (Future Auto Daily)