Can Baoneng Motors Survive?
2 Answers
Baoneng Motors can survive. Here are the relevant introductions: 1. Baoneng Motors: Baoneng Motors Co., Ltd. was established on March 20, 2017. The legal representative is Sun Li. The company's business scope includes: general business projects are: car rental; property management; sales of machinery and equipment, hardware products, electronic products, cars, and bicycles; car maintenance; domestic trade, engaging in the import and export business of goods and technology, etc. 2. Highlights: Baoneng has reached a strategic cooperation with Guangzhou Development Zone, and Baoneng's subsidiary Juchuang is also constantly highlighting. From this series of major actions and good news, it can be fully seen that Baoneng Motors is a company with great development potential. It is reported that the new luxury car brand BAO will launch its first pure electric SUV. This model (internal code GX16) is positioned as a pure electric mid-size SUV, and it is significantly better than market competitors in terms of vehicle parameters, range, autonomous driving, and smart cockpit.
I'm looking at it from the perspective of the capital chain. Baoneng Auto is currently in deep crisis, reportedly with debts amounting to tens of billions, almost cut off from financing channels, and many factories have been shut down for months. I think it's very difficult for them to turn things around unless there's substantial government subsidies or new investors step in, but even companies like NIO with strong backing are struggling in the market. As someone who has long followed the new energy sector, I've seen similar cases like Byton collapsing and affecting car owners. If Baoneng goes bankrupt, parts supply and services will be disrupted. Consumers are now avoiding it, preferring to buy from Geely or Tesla. The industry is still undergoing consolidation, and the survival space for small players like this is shrinking. I genuinely hope they can pull through, but the reality doesn't look optimistic.
