Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues on the way! CTOnews.com, June 18, 2008. According to the National Enterprise bankruptcy reorganization Information Network, Baiteng Automobile affiliated Company Nanjing Zhixing New Energy Automobile Technology Development Co., Ltd. added a bankruptcy case on June 14. The applicants are Nanjing Kunou Automobile Service Co., Ltd., and Shanghai Huaxun Network system Co., Ltd.

▲ Court announcement, Tu Yuan National Enterprise bankruptcy reorganization case Information Network

▲ court announced that on the same day, another affiliated company of Baiteng, Nanjing Zhixing Electric vehicle Co., Ltd. (Zhixing Electric vehicle), also added a bankruptcy case, which is jointly owned by the above-mentioned Zhixing New Energy and Nanjing Xingzhi Science and Technology Industry Development Co., Ltd.

In the relevant rulings, Nanjing Zhixing New Energy vehicle Technology Development Co., Ltd. and Nanjing Zhixing Electric vehicle Co., Ltd. argued that Baiteng still had the hope of "saving life", and said that Baiteng had the conditions for mass production. Assets are being restructured, and the market value is far greater than the book value.

However, the court held that Zhixing New Energy vehicle Company and Zhixing Electric vehicle Company were involved in many enforcement cases. Although they had a huge amount of property in their names, the rights and interests of creditors had not been protected for many years, and there were also rights defects that prevented the court from enforcing them. Therefore, the court found that Zhixing New Energy vehicle Company and Zhixing Electric vehicle Company had reasons for bankruptcy, and their application to the people's court for bankruptcy repayment of debts was in line with the law and should be accepted in accordance with the law.

▲ Court announcement, Tuyuan National Enterprise bankruptcy reorganization case Information Network at present, the people's Court of Qixia District, Nanjing City, Jiangsu Province, has ruled to accept the bankruptcy liquidation cases of Nanjing Zhixing New Energy vehicle Technology Development Co., Ltd. And Nanjing Zhixing Electric vehicle Co., Ltd.

CTOnews.com noted that public data show that BYTON, a new energy vehicle brand owned by Nanjing Zhixing New Energy Technology Development Co., Ltd. (FMC), was officially launched in September 2017. At the beginning of its establishment, it can be said to be a collection of thousands of glory, its core management team once included backbone personnel from giants such as BMW and Tesla, and the global operation headquarters, intelligent manufacturing base and R & D center were all set up in Nanjing, China. North America, which is responsible for the development of cutting-edge technologies such as smart car user experience and self-driving, is headquartered in Silicon Valley, and the design center for vehicle design and product concept research and development is in Munich, Germany.

▲ Bytem has not produced the M-Byte model, but the picture source is not good for a long time. From July 1, 2020, the operation of Bytem in mainland China has been suspended, leaving only a small number of employees on duty. At the beginning of the 21st century, Baiteng announced the signing of strategic cooperation framework agreements with Foxconn Science and Technology Group and Nanjing Economic and technological Development Zone, and said it would strive to achieve mass production of the first model by the first quarter of 2022. But in the end, due to Baiteng's deteriorating financial situation, coupled with China's FAW Group, the Nanjing municipal government and Foxconn also abandoned the "rescue." Now that the news of bankruptcy has arrived, Baiteng's first M-Byte model was finally shattered and failed to be mass-produced.

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