Harmony Futeng builds a car
Time Weekly special correspondent Li Yangrui sent from Guangzhou
Recently, rumors about harmonious Futeng have continued. First, people familiar with the matter said that Foxconn will no longer invest in the entire vehicle project, including the future of the Futeng investment holdings of the new car company Future Mobility Corporation Ltd (hereinafter referred to as FMC) and car. On November 29th, the "Beijing News" reported that many officials were involved in the Wu Tianjun case, and Feng Changge, chairman of Zhengzhou Harmony Automobile, was taken away in May this year. In February of this year, Zhejiang Shangyu District Court seized its production base, Luye Automobile Company.
It is not difficult to find out the official data of Harmony and Futeng. Greenfield Auto and Foxconn are the production links responsible for harmony and prosperity. Now that one has stopped production, one has withdrawn, and the chairman has been taken away from the investigation, the media have speculated that the harmonious Futeng car-making project may be stranded.
On November 30th, a "Harmony Car: A Clarification Announcement on Media Reports" appeared on the designated information disclosure website of the Hong Kong Stock Exchange. The announcement stated that Mr. Feng did not lose contact, but only assisted the relevant departments in the investigation, and Mr. Feng Has been involved in the company's major decisions, the investigation has nothing to do with the group's business.
“French chairman was taken away? How is it possible that we have opened the board of directors together two days ago? Recently, a new project has just signed the contract.†China Long-Bengbu New Energy Automobile Holdings Co., Ltd. The reporter responded that major projects must be approved by the chairman of the board of directors, and the company's foreign investment issues have not been affected.
At the same time, for the case of Foxconn's withdrawal of FMC, Yan Longbin also denied it. “How can Foxconn withdraw its FMC? The FMC team is doing research and development well, and went to see the real car two days ago.â€
The rumor seems to be a false alarm. However, for the harmonious lineup of talented talents and strong financial backing, the outside world hopes to understand more than that.
Since the announcement of the car, since the announcement of the car, the media has always been mysterious, such as how the progress of the car project is progressing, whether the qualification issue is implemented, and who is responsible for the substantive issues, the official has not yet answered, but This information is the kind of suspicion that lingers on the head of its project.
"Gorgeous" beginning
In April of this year, a report from the German "Focus" magazine reported that it shocked the world car circle. The report said that in March this year, a Chinese startup called future mobility had dug up four people from the core team of the BMW i8 series. These include motor system development engineer Dirk Abendroth, chief designer Benoit Jacques, product management manager Henrik Wenders, and project director Bi Fukang.
"This is equivalent to buying a core R&D design team for BMW electric vehicles by the Chinese side," "Focus" wrote angrily.
This startup company is harmonious and rich, and it is also the most dazzling one in the Internet. “Harmony†in its name refers to China Harmony Automobile Holdings Co., Ltd.; “Fu†refers to Hongfujin Precision Electronics (Chengdu) Co., Ltd. (ie Foxconn); “Teng†refers to Tencent Holdings. Behind the name dubbed "Internet + Tractor" by netizens, it includes the three leaders of China's dealer, manufacturing and Internet communities.
In July 2015, Harmony Auto, Foxconn and Tencent invested RMB 400 million, RMB 300 million and RMB 300 million respectively to establish the “Henan Harmony Futeng Internet Plus Smart Electric Vehicle New Energy Partnership Enterpriseâ€. At this point, the harmonious Futeng car officially kicked off.
Harmony Futeng is very generous in treating executives, and has reserved a 2% interest in the shareholding agreement, which is very rare in traditional car companies. Therefore, when recruiting the team, Harmony Futeng successfully dug up the former CEO of Volvo China Sales Company Fu Qiang, the former general manager of Infiniti China Dai Lei, and the BMW Group's new generation electric supercar i8 project director Bi Fukang and other star executives.
Harmony Futeng has two sub-brands. The FMC project focuses on the high-end electric vehicle field, and the car project is responsible for the economical electric vehicle field. In general, Foxconn makes cars, harmonious car marketing, and Tencent provides a car networking technology platform. It can be said that there is money, some people, and strength. Then why did there suddenly appear so many sounds of singing and harmony?
Car and love puzzle
Zhejiang Aiqi Internet Intelligent Electric Vehicle Co., Ltd. (hereinafter referred to as “Car Companyâ€) is one of the subsidiaries of Harmony Futeng. In December 2015, the company was jointly funded by Harmony Auto and Harmony Futeng. Among them, Harmony Auto accounted for 28% of the shares, and Harmony Futeng, which is dominated by Harmony Auto, accounted for 55% of the total. That is, Harmony Automobile has the absolute right to speak. Fu Qiang became the CEO of the company after leaving Volvo.
In June of this year, the mysterious car company was finally exposed. The whole team did not have its own office. Instead, it was living in a dilapidated two-story building in Shanghai Longchuang Design Company. The scene was very embarrassing. According to a staff member present at the time, it was "one person sitting at a table is robbing the policy to grab time." According to the official plan of Harmony Futeng, the car will be mass-produced this year and next. However, many people doubt whether the plan can be fulfilled as scheduled.
At the time when all kinds of doubts had not subsided, Fu Qiang became the CEO again. This time it is a company called Aichi Yiwei. On November 30th, the signing ceremony of the new energy vehicle project of Aichi Yiwei Company was held in Shangrao, Jiangxi. The project plans to build a production line with an annual output of 300,000 units, mainly producing pure electric SUVs, cars and MVPs with a total investment of 13.3 billion. Yuan, the main investment by Tencent.
Car company is still in its infancy, how come another Aichi company? What is the relationship between Car Company and Aichi? Some insiders suspect that the company may be changed by the car company. The official information emphasizes Tencent's investment, and weakening the information of Harmony Futeng, Harmony Car and Foxconn may be the full complement of Tencent. Tengqi car project.
In this information, Time Weekly reporter asked Qi Wenbin to verify, he told reporters that Harmony Automobile also participated in the investment in Ai Chi billion, not as the outside world said that Tencent fully received. "Car and Ai Chi are the two brands below us, one is the low-end car, the other is the high-end car, and the FMC is the higher-level car." He said. However, when the reporter asked about Harmony Automobile and Harmony Futeng in the proportion of Aichi Yiwei, Yan Wenbin said that he would not disclose it for the time being.
An analyst who asked not to be named told reporters that Harmony Futeng is so eager to set up a new company, perhaps related to the inability of the car company to produce. Car company relies on the production capacity of Greenfield Auto to seek mass production and qualification. Now Greenfield Auto has been seized, and the production of car is imminent. Harmony and Futeng may change the way to implement the factory issues through the new company funded by Tencent.
The production problems of Yiqing Aiqi and Aichi need to start from Greenfield.
Harmony car is "taker"?
Greenfield Motor is a new energy automobile company located in Shaoxing City. It was established in June 2010 with a registered capital of 525 million yuan. Its factory covers an area of ​​460 acres in Shangyu Industrial Park, mainly producing low-speed electric vehicles.
In May and June 2015, Harmony, a harmonious subsidiary, acquired 64.64% and 22.93% of its equity, which resulted in an 87.57% stake in Greenfield. In December of that year, after the announcement of the establishment of the car company, Harmony Automobile signed an agreement with Harmony Futeng to allow the car company to acquire 87.57% equity in Henan Harmony and become its direct controlling shareholder.
Some people think that this change in shareholdings is “experiencing twists and turnsâ€, but it is not the case from the situation mentioned above. Car company itself is the main investment of harmonious car, and harmony itself has the right to talk about it. The purpose of this left-handed right hand is to let the green car as the production base of the car, directly obey the management of the car company. In the 2015 annual report of Harmony Auto, it also stated: “Car Company will build a new economical electric vehicle platform and brand based on the research and development and production capacity of Greenfield Motor.â€
The acquisition of Luye is of great significance, because Harmony Futeng has become the only company in China that has its own factory and can directly produce it. In the future, when you grab the market, you will get a huge time advantage.
Everything seemed to be smooth, but in March, Greenfield suddenly stopped production because it was in arrears with the supplier’s payment. According to media reports, at the end of 2015, 34 suppliers began collective debt collection, requiring Greenfield Auto to pay a sum of up to 52.28 million yuan. In the end, due to delays, the Shangyu District People’s Court has seized all of its movable property on May 3, 2016. The supplier who led the debt collection believed that the reason for the suspension was that the harmonious car did not inject 300 million yuan into Luye Auto as promised.
From the time point of view, the situation is very embarrassing, the harmonious car has acquired the green car in the forefront, and the back hand was confiscated due to the arrears. Is it a harmonious car to find the door to be the "taker"?
The reporters of this era have continued to consult the above-mentioned analysts. They believe that it is more likely that Greenfield has a business problem but has not fully communicated with the harmonious side. As a result, the harmony needs to pay for its huge deficit, so the two sides are deadlocked.
It is understood that at present, the car has set up a special team to handle the green car in Shangyu, and intends to integrate the quality assets of Luye Auto into the car company, but as a result, Yan Longbin said that he will not disclose it.
Whether the green car is a good standard or a bad standard, the car has its own production base. However, in all public information, there is no statement about how FMC production is implemented.
FMC "money" scene is still unclear
The first time Harmony Futeng found Dai Lei to talk about entrepreneurship, he hesitated. He thinks that the difficulty of making a car is different from that of IT. If you really want to do something, you need to find a global R&D team and a team of engineers.
Unexpectedly, within a year, Harmony Futeng really formed a world-class R&D team through the headhunting company. The strength of the lineup is unstoppable. In December 2015, Ma Huateng of Tencent and Guo Taiming of Foxconn once again found Dai Lei. After several discussions, he finally made the decision to leave.
Dai Lei said in an interview with Caixin that Foxconn wants to transform into a high-tech company. Tencent wants to get tickets for the Internet, and Harmony has its own ambition as the second largest dealer in the country. . The bundle of interests of the three companies is very strong.
After bidding farewell to Infiniti, on April 27th, Dai Lei made a long circle of friends and officially began his new life in harmony and prosperity.
Dai Lei is the FCO's COO, and its CEO is Bi Fu Kang, director of the BMW i8 project. The company was registered in Hong Kong in March this year. In July, Dai Lei hosted a small media communication meeting. He introduced at the meeting that FMC currently has three office locations in Shenzhen, Silicon Valley and Munich. Among them, Silicon Valley focuses on user design and unmanned driving, and Munich's main vehicle development. In part, Shenzhen is the most important R&D center of the company in the future. The company employs 40-50 people.
But when it comes to manufacturing issues, Bi Fukang said: "At present, we are making choices between the two models of self-built factories and foundry manufacturing. It is expected that the initial production mode will be finalized by the end of this year." From this, it is seen that FMC is not using Greenfield Auto or Shangrao's factory, but to solve production problems on their own.
Next, Bi Fukang also said that the initial investment will be dominated by Harmony Futeng, and the latter will encourage FMC to seek financing.
This auto industry insider expressed his doubts to reporters. Harmony Futeng is not easy to find Dai Lei. This does not give the factory no money. I don’t know what it is.
Regarding some substantive issues concerning financing, the reporter repeatedly asked the FMC for verification, but it still did not receive an official positive response until the deadline. FMC told the Times Weekly reporter that FMC will hold a media communication meeting early next year, and all the answers will be announced.
Enter [Sina Finance and Economics Unit] Discussion
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