Home Business From the 300 million “Bird’s Nest” debut to the foreclosure property Sailin’s dream of building a car_Car_Wang Xiaolin_Rugao City

From the 300 million “Bird’s Nest” debut to the foreclosure property Sailin’s dream of building a car_Car_Wang Xiaolin_Rugao City

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From the 300 million “Bird’s Nest” debut to the foreclosure property Sailin’s dream of building a car_Car_Wang Xiaolin_Rugao City

Original title: From the 300 million “Bird’s Nest” debut to the foreclosure asset, Sailin’s dream of building a car is broken

From the 300 million “Bird’s Nest” debut to the foreclosure asset Sailin’s dream of building a car

Faraday Future asked Jia Yueting to “stand aside”, and Wang Xiaolin, who was jokingly called “the second Jia Yueting”, his car-making mess, Sailin Automobile, was completely cold. On May 3, a reporter from Beijing Business Daily learned from the Ali auction platform that the Nantong Intermediate People’s Court updated an auction information about “Jiangsu S Automobile Company”, which is Jiangsu Sailin Automobile Investment Co., Ltd. (hereinafter referred to as “”Jiangsu S Automobile Company”). Salem Motors”).

Once, a press conference in which the “Bird’s Nest” (National Stadium) was purchased with a huge investment of 300 million yuan, let Sailin Auto usher in a high-profile moment, but the “super-running gene old age scooter” Sailin Maimai did not receive much IQ Taxes, sales are bleak. Afterwards, the reported Wang Xiaolin “fleeed” overseas, and the operation of Sailin Automobile was thrown into chaos, leaving a lot of chicken feathers.

The starting price is nearly 2.38 billion yuan

According to the Ali auction platform, the auction targets were once named Rugao High-tech Entrepreneurship Service Co., Ltd. and Jiangsu S Automobile Investment Co., Ltd. A reporter from the Beijing Business Daily found that Jiangsu S Motor Company was Sailin Motors.

Sailin Automobile was established on July 10, 2009 with the approval of Nantong Rugao Administration for Industry and Commerce. The company was formerly known as “Rugao High-tech Entrepreneurship Service Co., Ltd.” and was held by Nantong Jiahe, a wholly state-owned shareholder. American Salen is a supercar brand founded by Steve Salen in 1983. However, due to poor management, American Sale was on the verge of bankruptcy. In 2014, Wang Xiaolin acquired American Salen through his company.

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In March 2016, Rugao High-tech Entrepreneurship Service Co., Ltd. introduced 4 enterprises actually controlled by Wang Xiaolin by means of capital increase, and changed its name to “Jiangsu Sailin Automobile Investment Co., Ltd.”; On June 12, 2016, the company changed its name again to ” Jiangsu Sailin Automotive Technology Co., Ltd.”, the registered capital has increased to 10 billion yuan, and its business scope covers technical research in the automotive industry and auto parts manufacturing. Wang Xiaolin is the chairman and CEO of Sailin Auto.

It is reported that the production base of Sailin Automobile is located in Rugao. The first phase covers an area of ​​958 acres and has a construction area of ​​230,000 square meters, including stamping, welding, painting, final assembly, inspection workshop, joint station, sewage treatment station and 110KV Substations and other auxiliary facilities produce pure electric, hybrid and supercharged internal combustion engine passenger vehicles, with a double-shift capacity of 150,000 vehicles per year. The original plan was to complete the capital construction by the end of 2019.

The auction is for the land use rights of Sailin Automobile located in Groups 5, 6, 7, and 8 of Zhennan Community, Chengbei Street, Rugao City, and Groups 7, 12, and 18 of Shuanglong Community, as well as the above-ground buildings and related machinery and equipment, production lines, and assembly lines. and other assets, the use is industrial land, the area is over 630,000 square meters, the starting price is nearly 2.38 billion yuan, and the deposit is 300 million yuan. .


At the beginning of the car manufacturing, Sailin Automobile was surrounded by doubts.

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In July 2019, Salen Automobile spent 300 million yuan to hold a high-profile launch of new products in the “Bird’s Nest”. At that time, Salen Automobile not only unveiled its super sports car model, but also launched its first pure electric model – Maimai . However, this model, which is less than 3 meters long, was labeled as an “old-age scooter” at the beginning of its sale.

After the failure of Maimai, the new car plan of Sailin Automobile also came to a standstill. According to the plan of Sailin Automobile, after the launch of the Mai Mai model, the coupe S1 and the electric SUV Mai Ke will be launched successively, both of which will be launched in 2020, but the two models have not been launched until they are listed for auction.

While product planning was stagnant, Salen Automobile began to explode. In April 2020, Qiao Yudong, the former senior legal manager of Sailin Automobile, reported Wang Xiaolin’s alleged false technology investment and misappropriation of huge state-owned assets. The rights and interests of investors have led to the loss of billions of state-owned funds. It is reported that the 6.6 billion yuan of Sailin Automobile’s car manufacturing comes from the Rugao government, and Wang Xiaolin did not contribute.

In June of the same year, due to a loan dispute with Nantong Jiahe, the Nantong Intermediate People’s Court seized all the assets of the Shanghai Branch of Sailin Automobile and the Jiangsu factory, and was exposed by the media that middle and senior managers resigned and owed wages to employees; in July, Wang Xiaolin He was accused of providing false certification documents and using his position to embezzle a huge amount of Jiangsu Sailin’s funds, and was criminally filed by the police.

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Factories and office buildings have been seized, and accounts have been frozen, but Wang Xiaolin, who owns a mansion and even an airplane in the United States, has never been able to “buy” a plane ticket to return to China. In the end, state-owned shareholders can only clean up the mess. In response to the current situation of the company, a reporter from Beijing Business Daily contacted Sailin Automobile, but no reply has been received as of press time.

Beijing Business Daily reporter Liu Yang Liu XiaomengReturn to Sohu, see more


Disclaimer: The opinions of this article only represent the author himself, Sohu is an information publishing platform, and Sohu only provides information storage space services.

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