Why Did FAW Xinte Stop Production?
2 Answers
The main reason is that in 2019, Changjiang Automobile encountered difficulties in its development, coupled with changes in the national management of production qualifications for passenger vehicles. As a result, the new energy project in Gui'an New District was also put on hold, making it impossible to continue production for Xinte Auto. Below is additional information: 1. Xinte Auto: Xinte Auto was established in 2017 and entered the Ministry of Industry and Information Technology's catalog in July 2018, obtaining the qualification for passenger vehicle production. 2. Vehicle Introduction: In the second half of 2018, the first model, the DEV1, was launched, positioned as a mini pure electric vehicle with an NEDC range of 305 km. In 2020, Xinte Auto's second model, the GEV1, was officially released, also a mini electric vehicle with an NEDC range of 305 km.
I've personally seen the Singulato cars on the streets, and at first, they felt quite fresh, but later I found out they've been discontinued. From my years of driving experience, when a brand shuts down, it's mostly because the cars aren't selling well. Singulato's prices were on the higher side, but their performance didn't stand out, especially in the electric vehicle sector where competitors like BYD and Tesla are too strong. Young people prefer to choose big brands. Plus, with the economic downturn in recent years, fewer people are buying cars, making it hard for new brands like Singulato to break into the market. The manufacturer probably ran into financial issues, with R&D for new models being too costly to sustain. I suspect there were also supply chain problems, with unstable parts supply affecting production. In short, it's the combined result of poor market positioning and operational capability, which serves as a reminder that when buying a car, don't just go for what's trendy—consider brand stability too.
