Lithium titanate battery shortcomings are obvious. Dong Mingzhu’s Yinlong crisis is imminent.

Starting from Handan east station, along the Wu expressway westwards, about an hour's drive can be arrived in Wuan. Wuan bound, visible Aoyama faint, the distance light gray in the background, lined with large and small chimneys.

Taihang flows under the ornament of Wuan, been smelting town in China since ancient times, its mining history of mining and metallurgy iron began in the warring states period, Xing in the western han dynasty, more than 2000 years. Wuan getting rich off the underground resources, decades ago is known as "little Beijing", under the iron and steel industries such as powerful suction, a large number of outsiders flock, scenery without two at one time.

However, dominated by steel county's characteristic economy, while bring Wuan halo, also brings environmental pollution problems to Wuan, high pollution was the city of Wuan another image, seeking economic transformation become the priority of Wuan.

Dong Mingzhu silver lung risk

In April 2012, Wuan silver founding new energy industrial park, it covers an area of 2600 mu, a total investment of 30 billion yuan of the factory, equipped with Hebei silver long new source co., LTD., north the titanium nanometer technology co., LTD., Zhuhai Guang tong auto company Handan branch, etc., can provide tens of thousands of jobs. As a new energy silver long a gift Wei Yincang returns to the hometown the founder of the industrial park all annual output can reach 120 billion yuan, after the production of the equivalent of a Wuan.

"Wuan withdraw county built city for 30 years, and now he swaggered, steel mills cut production, coal mine is closed, most can expect the new energy of the head..."

Taxi driver teacher and Wuan story cloud network chat, hunting for the new energy, look on his face suddenly dark. Wuan silver long new energy industrial park, the repose the Wuan sprint to new economy all hope of the factory, and of silver, following the Dong Mingzhu, the present is Mired in the production of public opinion.

June 1, 2018, cloud network hunting in Wuan silver found on-site visit of the new energy industrial park, the seriousness of the silver long production beyond imagination, influence surface also far exceeds the scope of its own. Changes occur a start-up companies, to some extent, is also the industry urgent work aggressive projection.

Passenger stock alarming park long dusty

Wuan silver long industrial park built lithium titanate material factory, lithium ion batteries factory assembly plant, energy storage system and new energy pure electric vehicle assembly plant and so on, has formed a business to support each other on the new energy industry chain.

Now, a chain reaction of the deterioration happens in the chain. Due to Wuan Guang tong auto factory business is bad, no sales orders, causing huge inventory of vehicles, vehicle workshop production directly lead to silver long battery production workshop follow lockout, resulting in a large number of employee turnover.

Dong Mingzhu silver lung risk

(silver long battery production workshop and the assembly workshop is not a place, in the factory is located in industrial park on the west side, the main production cell. In the evening after work, I have to take off the uniform staff in such a car, two or three clothes outside meal employees walked back to the factory)

Candy told cloud network hunting are waiting for the bus, she has been working in silver long battery factories in more than three years, probably since six months ago, factory orders began to decrease, the work is not much.

"When used to have orders, 12 hours, take 12 hours; Now work less, 12 hours, 24 hours, three shifts, "candy said," there used to be overtime, tired, can take more than 4000 a month, it is to make money, not add class. Now, earn less than the wages will take more than 2000, women take so many can also, men earn so little is said in the past, not many colleagues too low wages, economic outweighs quit..."

According to candy, silver as long the largest battery factories, production here titanium acid lithium battery for the opposite (hunting cloud network note: Hebei Guang tong auto production factory) and Zhuhai headquarters there. Due to the electric bus orders decreased, the battery factory is nothing work.

Another said, now only the normal production of no. 3 workshop, other workshop is stopped. Employees have a holiday, only listen to notice to arrange work.

In Guang tong auto factory, Shaohua Lin told cloud network hunting, OEMS side wages owed for several months, insurance for half a year.

"Why don't you to the relevant departments to reflect?"

Guang tong auto fields. The factory near a small restaurant with a small Wu Dabo with his son and daughter-in-law, run this restaurant.

"I beside the silver long factory business, silver long built factory come over, when he was in his fields built the house, to now have 5 years", Wu Dabo tell hunting cloud network, "a start plants seedlings business selling other things at the same time, not to cook, just workers more, eat more, is changed to a small restaurant".

A talk about the business, Wu Dabo to keep shake head: "the business good, morning have to eat more than 100 people, not line, now only a few people at night eat barbecue, drink here."

People familiar with the matter to the hunting cloud network, according to all the holiday, factory didn't give spending three to four months (hunting cloud network note: didn't give employees salary), some do not give spending (hunting cloud network note: refers to the wage), employees leave. Silver long vehicle workshop with factory, the original more than 9000 people, now with more than 1000 people.

This person also revealed that with the relevant partner agreement signed according to the silver, silver long can obtain funding for three years (hunting cloud network note: this voucher is not refers to the country's new energy automobile subsidies), is now up for three years, no longer subsidize. Insiders said, because the silver long made car "unqualified" (hunting cloud network note: here refers to the short range), don't sell, there is no order.

Morning work time, occasionally you can see someone walking in the vehicle assembly shop, but the whole workshop was silent, occasionally hear ringing from the spanner fell to the ground.

Hunting cloud network found that assembly shop in front of the parking lot, because the staff parking vehicles less, have empty out vast land, the grass began to spike.

Reduce the airbus orders, one of the performance is coach inventory size increases. In silver long guang tong automobile factory, a large number of passenger cars for failing to foreign sales backlog land around the factory. These buses with unsold, there are mainly three kinds of color, green, blue and white come factory and right behind the site vehicles, visual about a total of 500 vehicles.

Inventory 500 passenger cars are what concept? In 2017, silver long in actual sales of electric buses only sold 3355 vehicles, compared with 2016, 5285 vehicles a much lower sales.

The 3355 passenger cars share to each park has been put into production, each park production of the vehicle is not much. Wuan silver long industrial park, therefore, 500 passenger cars inventory, startling Wuan factory inventory pressure as you can imagine.

Wide car so startling inventory, silver active production of the factory is easy to understand. Can be judged, those dusty bus, stop the ground for a period of time, they have a problem or failed to sell vehicles, or normal failed to sell vehicles, either lung troubles are silver.

Pure white bus is the latest production, you can see a driver to drive it out from time to time, drive circuits in the factory. Silver long staff told cloud network hunting, this is doing new road test.

For large area production Wuan silver long factory, some people choose to leave, some people choose to stick to, no matter what choice is for life.

"The relevant departments to reply, saying that the insurance has been in communication with silver long."

Employees love complex: some people choose to leave, those who chose to stay

In wuan, when you ask how long factory local silver is, more than seventy - year - old man can show you the latest skillfully. Silver in Wuan, said long is the existence of a household is not too much.

Walk from the town of Wuan, through the tall archway Xichangyuan village, two turn in the village, on the nearby the back door of the new energy industrial park of silver. Many near work in silver long, around 8:30 in the morning, you can see in silver long green coveralls employees ride electric vehicles through the village.

One villager told hunting cloud network, some families both husband and wife work in silver, silver long is their breadwinners rely on, in addition to the silver long work, there is no much choice.

Why to choose to leave, candy told cloud network, hunting now Wuan grasp more strict environmental protection, steel mills are cutting output, silver's environment is much better than steel, etc., have buses commute, have a dorm room, so these provide great convenience for employees.

"If factory efficiency is good, after all this environment is better, to live is not tired, steel is so dirty, we women are not willing to go", candy explains.

In silver long industrial park, staff dormitory building, the restaurant floor, staff activities and other living facilities, parks, and the workshop environment, than Wuan local steel mills, cement plants, chemical plants, such as much better, so for Wuan local workers, silver long factory is still a good choice, even is the only option. That it is not hard to understand, why someone is owed for months wages are still reluctant to leave.

In addition, there are staff revealed that the silver is primarily a line production employees leaving the company, namely "do those batteries", and quality control of the quality control department, there are more than 30 people, leaving employees be less.

For employees to leave, some people are full of resentment against silver; To leave, someone tried to maintain a positive image of the silver, workers think dismiss employees are a company doing increase; Has revealed the real ideas, employees want to do some objective media reports, neither partiality nor exaggerated, in this way can make silver grand depending on the interests of the employees.

More locals, of course, hope to recover silver lung, this is not only for looking for a job, the breadwinner of the self, but also as a member of Wuan, expect of Wuan economic transformation.

Wei Yincang type "black hole" superposition Dong Mingzhu type "great leap forward"

Wei Yincang Handan Wuan, early in Wuan entrepreneurship won the life first bucket of gold.

In 2008, silver Wei Yincang founded in Zhuhai long new energy co., LTD., into the new energy domain; In 2010, Zhuhai silver lung at a cost of $57.5 million (400 million yuan) to buy the titanium 53 in the United States.3% of the company, silver long mastered the titanate lithium battery production technology; Implement industrialization investment since 2009, silver long around lithium titanate core materials, battery, motor control, pure electric vehicle charging equipment, storage, launched a comprehensive layout.

In 2016, the silver long as dark horse Dong Mingzhu acquiring silver long after the failure in Gree electric appliances in their individual capacities to Mr. Wang at the helm of Dalian Wanda group, the Suqian culvert under Liu bang investment management co., LTD., cimc group and mysterious shareholders Yanzhao Huijin international investment co., LTD., Beijing together for Zhuhai silver long capital increase of 3 billion yuan. Since then, Dong Mingzhu into silver, iron lady's tough work style silver began to infiltrate into every corner of the lung.

Later, everyone is familiar with the story of, silver long management reshuffle, founder Wei Yincang dismissal chairman, Gree department executives into the core management.

Wuan silver lockout are not isolated cases of the new energy industrial park, silver long in all parts of the country of building of other industrial park is faced with a similar dilemma.

Silver in 2017, representatives of Dong Mingzhu has long new energy and Gree electric appliances, and Luoyang signed a $30 billion project cooperation agreement, including silver long investment of 15 billion yuan to build new energy industrial park project in Luoyang high-tech zone, and is now rectified in the past, luoyang industrial park is a wilderness.

Silver is also at risk in the Chengdu industrial park. Oems due to no order in half shutdown state, the second phase is lithium titanate battery suspected stagnation in the construction project.

As a silver key zone in north China area, Shijiazhuang park was one of the three largest production base of silver, now part of the workshop is in a state of shutdown.

Silver long has been a new energy automobile enterprise in the "dark horse", from the acquisition of the titanium nanometer to Dong Mingzhu, together with a stake in the star entrepreneurs, silver long body around the ring than the average company can. Silver of large-scale production, the fundamental problem is not from a single factor - both with silver Longji because something in, also with silver lung in recent years, a flurry of changes can't get away with the great leap forward.

Dong Mingzhu in silver long after, in order to "their" before new energy policy tightening, then opens the large-scale industrial park construction. At present, silver long has been in the country have at least 11 industrial park layout, silver long after in Dong Mingzhu, silver long signing new energy industrial park project with a total investment of at least 80 billion yuan.

Investment industrial park the money comes from? To borrow.

In May 2017, citic bank credit 27.6 billion yuan for Zhuhai long silver group, and it can be used to pledge financing for new energy car incentives to Chengdu silver lung, Tianjin long amounted to 8 billion yuan from the two base for the construction of the loans, etc. In addition to citic bank, China construction bank, ping an bank also has carried on the financial support to silver lung.

Dong Mingzhu "great leap forward" only strategic screens did not think too much. As of December 31, 2017, silver's total assets are 315.1.2 billion yuan, and total debt is as high as 237.6.7 billion yuan.

Dong Mingzhu governance is silver in your own way. Her as silver long after the "pulse" said rudely, from the cultural level, silver long lack of enterprise culture and spirit, it must be a thorough subversion; From the business model of Dong Mingzhu "dagger" stab silver long key - "silver long live on bank finance in the past, as a manufacturing enterprise, it should depend on the market to solve the problem".

Attentive person can discover, since the dominant silver long Dong Mingzhu, silver long website has made a big adjustment, silver long before the publicity of the bus company, new energy car companies, local governments, financial institutions "quartet win-win" mode is missing.

According to the silver lung "zero price for the car, ten years lease, 10 years of quality assurance, the vehicle replacement, Sifang and win-win" business model, bus companies need to do operation scheduling and management, the vehicle production enterprise shall be responsible for the ten year warranty to vehicles "SanDian" system. Bus financing lease payment for rent, zero down payment, according to the ten-year installment payment models.

This model can alleviate the pressure of the local fiscal one-time payment, increase the order for the silver, silver long but find it difficult to get enough money from sales of passenger cars to support further development of enterprises. Can infer, ms dong has denied the pattern.

And emphasize the Dong Mingzhu "on the market to solve the problem," silver long obviously have not done.

Silver lithium titanate battery products of the main advantages: it can realize 6 minutes quick charge, wide temperature resistance (- 50 ℃ ~ + 60 ℃), 30-year-service life cycle, with high safety, no fire explosion and the whole life cycle cost lower.

However, the disadvantage of lithium titanate battery is clear: short range, the consumers of the full range anxiety is not attractive, most of its products are applied in the bus market. Buses in their city the size of the market growth, after all, limited to a certain extent will face the bottleneck, wuan silver production of the factory now have a direct relationship with this.

Silver rise in recent years the business data is not ideal. According to the Gree after the announcement, silver long operating income in 2016 to 78.9.8 billion yuan, net 8.3.6 billion yuan, and it is worth mentioning that the silver long only to declare the state subsidies as much as 21 2016.3.5 billion yuan. In 2017, Zhuhai silver long operating revenue for 87.5.2 billion yuan, net profit is 2.6.8 billion yuan, net profit fell by 67.94%.

In response to the current production of the event, the relevant person in charge of silver RON said, silver long founder Wei Yincang leaves some black holes, the silver lung around product quality, supply chain management, manufacturing, etc. An internal reorganization. Due to the larger change of silver's senior management team, the new management idea and the practice of standard, lead to reshuffle supplier system, some suppliers because of quality problems and failed to get payment for goods. According to incomplete statistics, silver long did not pay the overdue payment of at least 1.2 billion yuan.

Silver long, therefore, the present dilemma by Dong Mingzhu "great leap forward" type expansion and resulting in a "black hole" superposition, Wei Yincang left behind is not a simple one.It is worth mentioning that the predicament of operation in the silver lung has affected its IPO process.

Cloud network hunting, on May 30, the China securities regulatory commission Guangdong authority website revealed the latest issue of the Guangdong area have been reported to the listed company counselling work schedule. The table shows, China merchants securities as silver listed counselling organization of the new energy for the record date is on May 17, 2017, the latest progress for January 17, 2018, Zhuhai silver coach of the new energy status bar is displayed as "guidance to terminate.

China merchants securities into coaching only eight months later, the Zhuhai silver long public was halted.

About the latest progress of the reorganization of the internal of silver, hunting cloud network attempts to interview the relevant person in charge of silver long, did not respond to each other.

Long time has not much faces an uncertain future for silver

Silver measures taken, to see some clues from the staff.

In the face of Wuan factory shutdown situation, for a start, silver long take, it is some of the employees to the Gree, digested by Gree. Therefore, Gree also specially convened for silver "double chosen will" of the staff, and training for this part of the silver long employees. Some employees are still satisfactory.

Silver lung and Gree the relocation plan is positive to try, but in front of the giant Wuan silver long thousands of people, encounter bottlenecks of Gree are powerless.

Dong Mingzhu's silver, now faces a complex situation.

Allegedly, silver long from passenger cars to passenger car products, which means that a new batch of rushing production line and the team need to set up, and the passenger car research and development. Already crowded electric passenger car market, and the silver's place?

In addition, if the development of passenger cars, silver of lithium titanate battery is absolute no-no, silver long to look for a new battery technology, or purchase battery products manufactured by other companies. Silver long for their own development ternary battery, unless with long technical reserves, time and the market, it will not be allowed.

Or, in other cells have the potential for enterprise mergers and acquisitions, the curve is also a good choice for national salvation, the question is whether any good mark and silver long enough capital support.

For new energy automobile enterprises, these three years now extremely critical, rapid TuiPo of subsidy policy, will make the vehicle and parts enterprises reshuffle.

To capital investment, there is also a test, has been unable to reap the shareholders will continue to support long Dong Mingzhu and silver?

For long time is really running out of silver.

The page contains the contents of the machine translation.