Seven years ago, the inability to build a car on its own coincided with the desire to deploy a new energy truck. After many years of violence together, jiangye chose to sell cooperative factories, and during their time together he had found a path of transformation。
After seven years of working together, jiang huai's car was licensed for transfer to a cooperative factory。
On the evening of 19 october, jiang huai's motor vehicle announced that the company intended to transfer some of its assets by public listing, involving stock, fixed assets, construction in progress, building buildings and land use rights and equipment assets of the new bridge factory of the car company, at a proposed listing price of $4. 498 billion, with an added value of $286 million, representing an increase of 6. 79 per cent。
As an old-licensed car company, jiang huai has been plowing on the track for many years. In order to build on the experience of transition, in 2016, the kang-yeon vehicle was brought in to “substitute”。
In the course of their cooperation, closer ties were gradually established, and the kangyei vehicles, even in the context of their own underperformance, spent 1. 7 billion dollars on some of the project assets for their blood transfusion purposes。
At the same time, jiangyei has not forgotten the original purpose of his transformation, but has also been approached by the public and chinese brands in order to achieve a multi-layered corporate siege。
Four-and-a-half billion dollars for the factory
According to the information received, the assets transferred under the jiangyei motor vehicle project are the advanced manufacturing base and the second advanced manufacturing base, which is a cooperative plant。
It is worth mentioning that taking this opportunity to take down these two cooperative plants would mean gradually eliminating the need for dependence on other mainframe plants and thus further pursuing its own independent production. It is worth mentioning that only “axis” do not have independent production qualifications。
In fact, qin lihoun, the co-founder of the ulysses, had previously stated that, in addition to the es model, he would either come or no longer use kang yiddian workers, and that the ulysses would seek new replacement partners or build factories with other collaborators. If we could take these two plants, it would also relieve them。
It is indeed time to say good-bye to jiangye's car。
According to publicly available information, jiang huai's car was created in 1964 and began research and development of chassis design in 1998 and petrol machine production in 2009 as an old car manufacturer in the country。
With increased competition in the automobile market, low-intensity cars continue to be marginalized and even eliminated. In this context, the failure of the jiangyei automobile to build the bomb as successfully as the up and down, has transformed it into an urgent corporate need。
However, because of the excessive cost of the error, the kangyei car chose to start with the replacement of the medium-high-end car. In order to meet the production requirements of the cars, the cars are willing to spend billions of dollars to upgrade the plants, but with the increase in the size of the cars, the capacity of the plants will undoubtedly be limited。
It has now been more than seven years since jiangye and ullai joined forces。
In april 2016, a strategic cooperation framework agreement was signed between jiang huai and kayo, confirming a plan to produce 50,000 units for the first phase of the jiang huai trade. In october 2016, construction began at the advanced manufacturing base at jiangye, located in the fertilizer economy development zone, and delivery began at the current year。
The reason why they come together is also simple: while the market for high-end smart electric vehicles is located, they do not have the capacity to build their own cars and the capacity to produce new energy vehicles; and the motor vehicles happen to be gruesome because of their transformation。
Since then, cooperation between the two has intensified. In 2017, it began to provide replacement services for the first vehicle, es8, and, in the second half of the year, it officially came into operation at the advanced fertilizer manufacturing base。
In march 2021, the cooperation between the two sides deepened once again, with the establishment of a joint venture between jiang hui and ulysses to manufacture the river, the establishment of the company's main vehicle production management and operation, the further deepening of the cooperation between the two sides in manufacturing and service management, and the beginning of a shift in the embarrassment of the “substitute factory” of jiang hui。
In may of the same year, the joint manufacturing agreement was renewed for the vehicles of jiangye, uylai and jiangye, which will continue to make the es8, es6 and ec6 models until may 2024。
According to the annual automotive report, the total amount paid by the automotive between 2018 and 2022 was $223 million, $441 million, $532 million, $715 million and $1,127 million respectively。
It is also true that jiang yi's car is loyal to this increasingly close “boy”. Over the past few years, as a result of the new energy drive, and the high cost of opening it up, the pool of funds for cars has become ever more shallow and overstretched, despite the continued investment of resources。
On 22 december 2022, the jiangyei automotive issued an announcement that 1. 7 billion dollars would be purchased for project assets held by the automobile (anhui) ltd. In connection with the construction-equipment project in progress。
In fact, it's not easy for jiangyei to live on his own. After 2017, the performance of the gang huai automobile turned around, with a significant shortfall of $1. 421 billion in 2018, and has since improved, but it has not been warmer. A review of its performance shows that during the six-year period from 2017 to 2022, the combined loss of non-net profits from jiang huai car attachments exceeded 9 billion。
In addition, in 2019, it had lost more than billions of dollars and sold less than a few thousand a month, and the reserve funds were running out, thanks to cooperation with jiangye, to co-opt its headquarters, thereby receiving $10 billion in government funding。
However, the close cooperation between jiang hui and kyaw didn't mean that he was walking on one leg。
In the second year of formal cooperation with kyawu, the jiangye automobile signed a joint venture agreement with volkswagen。
In december 2017, jiang huai and volkswagen were co-financed to establish the gang huai volkswagen, a company that ran a joint venture with the public, after a crowd of people and the public. Despite the modest benefits of this collaboration, the technical support received may be even more important for companies。
In 2019, jiang hui and hua formally signed the comprehensive framework agreement for cooperation and the mdc platform project cooperation agreement in shenzhen. The two sides will focus not only on cooperation in the development of smart driving, smart cabins, but also on cooperation in core technologies and products such as 5g, ai, clouds, etc。
On 17 april this year, jiang yee rebroadcast that the company, in partnership with china, will position the super-high-end luxury pure electricity market at a price of about $800,000 to $1 million. This also means that, following cyrus, chire and north fowler, jiang yee will also choose to work in depth with china in a “think-out model”。
In the case of kang-yeon vehicles, whether it is to help their workers or to work with the public and chinese, it is because companies have been hampered in the process of transforming new energy sources. According to the information received, jiang yee has not been able to outrun a number of new energy vehicles in a competitive market。
The selection of the medium- and high-end vehicle model, the accumulated experience of manufacturing medium- and high-end motor vehicles, and the preparation of follow-up vehicles to the new energy track are the objectives. At present, jiangyei cars are not comparable in terms of inputs and returns from new energy vehicles, and companies are more likely to be able to stand firm and transform in the near future。
It is worth noting that, in two of china's models of cooperation with a car company, the hi model, “what is missing and what is missing”, has become marginalized, and the smart-choice model of a market and distribution channel is more fratricidal, but it also means more utensils. Thus, for the gang yee, the light will be on the horizon and will also depend on its ability to withstand the enormous pressure of underfunding。
At present, jiangye's car, which once became a “generic factory”, has acquired the manufacturing skills and experience of the medium- and high-end new energy vehicle that it wanted。
