Burning out 8.4 billion can not make a mass production car! Exposure of Byton Motors affiliates as executors

Byton, which was named by CCTV for "burning out 8.4 billion yuan without making a mass-produced car", recently received new news.

On November 25, according to media reports, Nanjing Zhixing New Energy Vehicle Technology Development Co., Ltd., an affiliate of Byton Motors, added information on the person to be executed on November 23. The subject of execution is 332540. The execution court is the People's Court of Qixia District, Nanjing. , Case No. (2020) Su 0113 holds No. 2790.

In addition, the company also has two records of persons subject to enforcement, which occurred in September and October 2020 respectively. The enforcement court is also the People's Court of Qixia District, Nanjing City. At present, the company has implemented more than 2.21 million targets.

Public information shows that Nanjing Zhixing New Energy Vehicle Technology Development Co., Ltd. was established in June 2017 with a registered capital of approximately 5.65 billion yuan. The legal representative is Byton Motors co-founder and CEO Dai Lei. The company's business scope includes electric vehicles. And parts research and development, and the company we are familiar with is the new energy vehicle brand of the company.

In 2018, the concept version of Byton's first model M-Byte was unveiled, but the mass production of related vehicles has not yet been completed. Due to various reasons, Dai Lei, the co-founder of Byton Motors, has announced that Byton Motors will suspend business in Mainland China from July 1.

However, some media have learned from sources close to Byton’s restructuring plan that Byton’s board of directors and shareholders’ meeting have officially approved the Byton restructuring plan, which means that the Byton project will restart after a few months of suspension.

At the same time, Nanjing Shengteng Automotive Technology Co., Ltd., a new technology company registered by Byton Motors, was formally established on September 9. But up to now, we have not seen the substantial actions of Byton Motors on the road to its rise.