With the rapid development of new energy vehicles, domestic cars have achieved success in curve overtaking. However, before that, the disorderly development and capital operation of new energy vehicles led to the cancellation of subsidies for new energy vehicles by the state in 2023. This has led to problems for many car brands to compete in price cuts, and after the tide receded, some brands also thundered.
Therefore, consumers are advised to be cautious when buying new energy vehicles. Two of the brands, Skyline and Aiways, are already in trouble, and owners are advised to dispose of their vehicles as early as possible. Founded in 2015, Skyline Motors launched its first production car, the Skyline ME7, in 2020.
However, just three years later, in March 2023, Tianji Motor issued a shutdown notice, and the sales of its main model, the Skyline ME5, were almost zero. To date, Skyrim cars have disappeared from the market, so it is not advisable to buy their vehicles.
Regarding the latest news on Tianji Motors, only the progress of Dongan Power suing Tianji Motors for arrears, while the headquarters and factories of Tianji Motors have been shut down for more than half a year. Another brand, Aiways, was once regarded as the most reliable new energy vehicle brand, but now its headquarters is empty and it still owes money to the top merchants. Employees' provident fund and wages have also not been implemented, and factory workers have been laid off.
This seems to indicate that Aiways is on the verge of bankruptcy. Although it was once exported to more than 10 countries, due to the lack of unique core technology, the capital chain was broken, and Aiways had to withdraw from the market. Although there are currently only three new energy vehicle brands, only BYD, Li Auto and Aion Automobile are profitable among the domestic new energy vehicle brands.
Once the capital chain of other brands is broken, their fate is destined to be the same as that of WM Motor, Tianji Motor, and Aiways. As a result, owners of vehicles of these brands will face similar problems. Therefore, it is crucial for consumers who buy new energy vehicles to choose carefully.