text: Original by Dongchedi Xing Qiuhong
[Original by Dongchedi Industry] Recently, Zhejiang Liuhe Law Firm, the administrator of Dongfeng Yulong Automobile Co., Ltd., issued an announcement stating that it will conduct public investment in accordance with relevant provisions of the reorganization procedures.
Dongfeng Yulong will re-recruit car companies as investors according to the judicial process of reorganization. Even if investors from other industries are willing to come in, they will still need to recruit a car company as the main body. After the car company enters, it can import its own products.
Dongfeng Yulong has entered the bankruptcy reorganization stage
The administrator once said: If the recruitment work goes smoothly, the reorganization work is expected to be completed by the end of October. If it does not go smoothly, it will be postponed for 3 months to January next year.
At the same time, it also emphasized, "Our requirement for recruiting investors is car companies, but it is not ruled out that if we cannot recruit car companies, we will not retain the qualifications of car companies and then conduct public recruitment."
Nazhijieda7
Dongfeng Yulong was established in 2010. When he was just born, it once carried the hope of "Chinese-style cars". The most famous big 7 SUV once achieved a record of over 30,000 units sold during the Chinese New Year. With this car alone, Dongfeng Yulong has achieved profitability within two years. At the highest annual sales volume, it exceeded 60,000 vehicles.
As the competition in the Chinese market becomes increasingly fierce, the knockout round began, Dongfeng Yulong began to decline, and "Oil Tiger" has become the most well-known tag of Nazhijie . In 2019, Dongfeng Yulon's sales have fallen to more than 100 vehicles per month. Although the official data has not been released in 2020, there are reports that the sales of the main model URX are only single digits.
On November 2, 2021, the Hangzhou Intermediate People's Court of Zhejiang Province made the decision (2021) Zhejiang 01 Break Expo 196, showing that it decided to accept the pre-reorganization application submitted by Dongfeng Yulong Company.
Nazhijie 4S store
At present, Dongfeng Yulong's assets mainly include intangible assets such as passenger vehicle production qualifications, proprietary technology, appearance and utility model patents, trademarks, etc.; real estate such as land and factories; equipment, inventory and other physical assets such as ; foreign investment and accounts receivable, etc. Specifically, Dongfeng Yulon Company has the qualifications to produce traditional fuel and new energy for passenger cars, and has an annual capacity of scale with an annual capacity of 120,000 vehicles, and masters the three key technologies of electric vehicle production, electric control, and battery energy storage.
Previously, there were rumors that Yulon Auto will cooperate with Foxconn around Dongfeng Yulon. Foxconn has taken a fancy to Dongfeng Yulon's production qualifications and hopes to use Dongfeng Yulon to pave the way for the production and sales of its electric car . However, the rumor was quickly denied by Foxconn, saying that it would not intervene in the restructuring of Dongfeng Yulong.
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