Nowadays, the automobile industry is developing very rapidly. Domestic cars have also made great progress in car manufacturing technology. There are some well-developed independent brand cars, and their models have also gone abroad. This is not only a reflection of their own strength.

It is a demonstration of domestic car technology. The domestically developed independent brands mainly include Geely, Great Wall, Chery, BYD, etc. These brands belong to the first-tier status in the country, and the cars they produce have also been recognized by domestic consumers.

, but there are also some car brands that are not developing very well, such as Cheetah, Huatai, Lifan Motors, etc. But today we are talking about Yangtze Motors. The development of Yangtze Motors has also been hit hard, and life is not easy now. Another

The established domestic car companies have collapsed, and Li Ka-shing has not been able to save them even after entering the market, and they are about to enter bankruptcy liquidation.

Yangtze Motor is a very old domestic automobile brand. It was established as early as 1954. However, it was not called Yangtze Motor at that time, but was called Hangzhou Bus Factory. With such a long history, it should have rich manufacturing experience.

Car experience is good, but the fact is not like this. Although it has been established for so long, Yangtze Motor has not developed very well. It has been on the verge of bankruptcy many times. In 2005, it almost went bankrupt due to poor management.

On the verge of bankruptcy, Hong Kong Wulong Electric Vehicles stepped in and invested 5.1 billion in the Hangzhou Bus Factory. Afterwards, it reorganized its assets and changed its name to Hangzhou Changjiang Automobile Co., Ltd.

Even investment genius Li Ka-shing is very optimistic about Yangtze Motors. He also invested in Yangtze Motors in 2015. Logically speaking, Yangtze Motors should develop smoothly, but the facts surprised everyone. Yangtze Motors’ influence in the country

The power is not strong, because Yangtze Motor started out by producing buses. It does not have strong technology for the production of passenger cars. It has no product power and brand power. The cars it produces have not achieved very good results, so the sales volume is also low.

Not high.

As early as 2018, Changjiang Motors was in a state of loss, and Li Ka-shing also began to withdraw capital. Today, Yangtze Motors has been unable to recover, the factory has stopped production, and the wages of company employees have been in arrears. It is reported that Yangtze Motors' current debt has reached as high as 30

billion, there must be no extra money to pay employees. Most of the employees have resigned and had to enter bankruptcy liquidation procedures. Yangtze Motor also completely collapsed.

Competition in today's automobile industry is very fierce. Without real strength, you cannot gain a foothold in the market and will eventually face the fate of being eliminated. What do you think of the collapse of Yangtze Motor?

This article comes from the author of Autohome Chejiahao and does not represent the views and positions of Autohome.