[Pacific Auto Network] There have been countless people teasing: the easiest way to make money is written in criminal law. Ordinary people steal at most, but some people with high intelligence and high education can be "empty gloves and white wolves" with a smart shake, and they still have hundreds of millions of state-owned assets.
Such people are not uncommon in the automobile circle. The most famous ones are Jia Yueting, the godfather of PPT, and Pang Qingnian, who can run with water. Now there is another Wang Xiaolin, who has built a car for three years and sold a total of 27 old electric cars, thus defrauding 6.6 billion yuan.
This big melon has been big enough to attract the name of CCTV’s father and made a "Automobile fund puzzle"The field report:
The incident broke out in April this year. Qiao Yudong, a former legal employee of Sailin Automobile, reported Wang Xiaolin, the chairman of Sailin Automobile, with his real name, sayingThe shareholders of four foreign-funded enterprises in Jiangsu Sailin, which they actually control, acquired Jiangsu Sailin shares at a price of 6.6 billion yuan with "false technology investment".
As the incident continued to ferment, Jiangsu Province also took action. The Nantong Intermediate People’s Court first seized two factories, 144 apartments and Shanghai branch in Jiangsu Sailin Rugao; Then the Rugao Economic and Technological Development Zone Management CommitteeCriminal investigation by Wang Xiaolin and others.

To find out why the incident happened, we should first briefly understand its shareholding structure:
Sailin Automobile, Jiangsu Sailin, has a registered capital of 10 billion yuan, of which Nantong Jiahe, a state-owned enterprise, holds 34% of the shares and contributes 3,341.87 million yuan in cash.
The four foreign-funded companies actually controlled by Wang Xiaolin invested with intellectual property rights, holding a total of about 66.58% of the shares, that is, Wang Xiaolin obtained the control of Sailin without paying a penny.
Among them, the legal persons of Rugao Salin, Nantong Shimai and Nantong Weimeng among the four foreign-funded companies are Wang Xiaolin’s wife Cong Chao, and all four companies are affiliated to Zifu Holdings held by Wang Xiaolin.
The legal representative of Rugao Jitai is Xu Yin, Wang Xiaolin’s beauty assistant, and the company belongs to Weimeng Industrial Group held by Wang Xiaolin.
In fact, these four foreign-funded companies have all paid 0 people for the five insurances, that is, they are "shell companies" in the conventional sense.
The second focus is on the so-called intellectual property rights.Overvalued:
The intellectual property rights provided by Wang Xiaolin for Sailin Automobile include "Jitai ··MyCar"Model with a valuation of 1,106.92 million yuan;
In addition, there areThree models,Derived from Saleen Motors International LLC (SMI) established by Wang Xiaolin, with a valuation of 1,880.42 million yuan, 1,894.52 million yuan and 1,776.27 million yuan respectively.
In fact, these technologies are not directly related to Xilin in the United States.
Because Steve Saleen’s American Saleen Automibile Inc (SAI for short) doesn’t actually have low-speed electric cars or SUVs, it mainly does super-running modification in recent years. Before that, it independently developed the famous super-running.

If the above allegations are true, Wang Xiaolin’s routine is to use "shell company" and "old man music technology" to embezzle billions of state-owned assets. Then where did all this money go? Sneaked it to someone close to you.
People familiar with the matter pointed out that Wang Xiaolin had a number of false and related transactions with his wife Cong Chao and Steve Sailin, suspected of transferring interests and misappropriating company assets.
However, this melon has not reached the climax yet, after all, the man has not responded yet.
Wang Xiaolin responded through a circle of friends on July 3rd, claiming that he was falsely accused and framed by Nantong Jiahe. Between the lines, it can make people make up a drama without urine spots:
For example, Nantong Jiahe "illegally detained German executives", "directed and performed shareholder farce", "stuffed into the gap between China and the United States" and "this case will definitely be written into textbooks" … …
Finally, Wang Xiaolin said forcefully that he should go back to his old job: lawyer+law professor!
Today, things have evolved into a "Rashomon" between smart businessmen and the government. So, I dare say this is the most wonderful melon of the year.
In fact, Wang Xiaolin is not only a lawyer, a professor and a businessman, but also a doctor returning from overseas, The Wolf of Wall Street, a racing enthusiast with an American racing license, a lover of ancient poetry translation and a cigar lover … …
Well, this is the reality of the rich and talented, high IQ, high EQ and high education.
● Dream of making a car germinates.
It took Wang Xiaolin more than 30 years to become such a overbearing president.
He graduated from Hunan Xiangtan University Law School in 1989, worked as a court clerk for two years, and then went to the United States, where he studied at Ohio University and Duke University.
Since then, he has worked as a lawyer on Wall Street, worked in auto finance, and is said to have done listing consultation for more than 100 auto-related enterprises.
During this period, he met many Chinese and American political and business leaders, among whom the most like-minded is the retreat of the automobile rivers and lakes, and it was also from then on that the small goal of building a car was born.
In 2007, Yang Rong and Wang Xiaolin appreciate each other, who want to restart their dream of building a car in the United States, plan to start a car-building project. Yang Rong is responsible for paying, and Wang Xiaolin is responsible for financing and commercial operation. However, a year later, Yang Rong’s funds were delayed, and Wang Xiaolin could only "tear his face" with him, and even started a lawsuit and finally settled.
● Build your own car in the United States.
Since then, Wang Xiaolin started to go his own way, and established GreenTech Automotive Corp (GTA for short) in the United States, a company dedicated to developing, producing and selling energy-saving and environmentally-friendly cars.
When the company was founded, it was also controversial, because the source of funds came from the funds of overseas investment immigrants, that is, EB-5 for short.
This bucket of gold let Wang Xiaolin knock into the door of building a car.
In 2009, Wang Xiaolin bought a low-speed electric vehicle company in Hong Kong — — Hong Kong Power Automobile Company pocketed the latter’s MyCar technology, that is, the aforementioned intellectual property with a price of 1.1 billion yuan and used as a shareholding — — Jitai Maimai ·MyCar. (Dr. Wang is really an expert in making money.)
In the following years of 2010, Wang Xiaolin began to go back to China to collect gold, and the cooperation projects with automobile design enterprises Tongji Tongjie and Ordos local government all ended in failure.
In 2015, it happened that Steve Sailin’s Sailin car was close to bankruptcy, and Sailin S7, S7R and other intellectual property rights and all remaining assets were sold. Wang Xiaolin saw the right time again and shouted three words "Buy in buy buy".
● Return to China for gold.
Wang Xiaolin’s dream of building a car finally found a foothold in China, relying on the American super-running "technology" and the gold medal eloquence of a three-inch golden tongue.
In 2017, Sailin Automobile entered Rugao, Jiangsu Province, and later built two factories. The first factory has an annual output of 150,000 vehicles, and is used to put into production SUVs, as well as flexible production lines for cars and supermodels; The second plant is expected to put into production 50,000 Maimai vehicles and 20,000 S1 vehicles.
Then, in July 2019, a brand launch conference with Wu Yifan+Jason Statham+Hua Shao descended into the Bird’s Nest, and people began to watch the brand Sailin.
The three entertainment circles/car circles bring the goods with the brand-new Le Mans version of Sailin S7, the national super-run, the super-run SUV Sailin Maike and the city electric sports car Maimai.
The communication effect is there, but it is followed by overwhelming abuse.
Some people say that it is unrealistic to spend 200 million on marketing expenses. Some people say that this is a clear way to fool investors with a master-class super-run and low-cost "old man music".
With a bad name, Sai Lin launched Maimai in November of the same year, which is the only model that has been put on the shelves at present, and only 27 vehicles have been sold so far.
The above is Sai Lin’s short road to building a car.
About "Is Wang Xiaolin a huge scam?" In fact, this question is quite useless. After all, all public opinions have given consistent affirmative answers. However, because the incident is still in the investigation stage, the relevant departments only use the words "suspected" to describe the incident.
Wang Xiaolin himself also defended himself by "throwing the pot" Qiao Yudong and Nantong Jiahe, and at the same time tried to smash the gossip with all his strength.
For example, "We are serious about making cars", "It’s not that I don’t want to go back to China, and I have no reason to say that I want to stay in the United States." "Anyone who sees what we do, the cars we make and the factories we build will know that we are making cars in a down-to-earth manner."
Indeed, Sai Lin’s car was built, but it was not "serious" and "down-to-earth". There is a big question mark here.
Let’s take a look at how serious new forces build cars. It took only three or four years to develop the first production car, and it took four years to go public in the United States. Li Bin, the founder, lost his fortune and went around looking for investment. In the eyes of employees, he aged at a speed visible to the naked eye.
Although the monthly delivery volume of Weilai is only a few thousand units at present, Li Bin, as the representative of the new car-making force, is still in love.
?Let’s look at how Sai Lin built a car.:
The first mass-produced model, Maimai, is priced at 158.8-168.8 million yuan after subsidy. A small electric car with a battery life of only 305km can’t see any sincerity from the pricing alone.
Two months later, Maimai was taken off the shelves for no reason. So far, there are only 27 vehicles in the country, including 20 vehicles sold in 2019 and 7 vehicles sold in 2020.
The second "Maike" originally planned to be launched claims that the new car will have 406 horsepower and 450 Nm. In October 2019, the website showed the declaration information of the car, which came from the 2.0T engine, and the maximum was only 224PS.
As for Sailin S7, it was just a runaway n years ago, and it was only used to support the scene at most.
Another question is, where does the most scarce production qualification come from as a new force to build cars?
We turned out the declaration information of Maimai and Mike from the website of the Ministry of Industry and Information Technology, both of which showed that the manufacturer was "Jinhua youth automobile manufacturing co., ltd"On the left side of the rear, a conspicuous" Youth Car "logo was affixed. Yes, that’s right. It’s the "youth car that can run with water".
However, Maimai, which we have seen in the market, can no longer see the logo of "Maimai". According to the Measures for the Administration of External Labeling of Automobile Products of the National Development and Reform Commission, domestic cars should be marked with the name of the automobile manufacturer, trade mark and model name at the rear. So where did the sign of "Youth Car" go?
It is rumoured that it was Pang Qingnian, the chairman of Youth Automobile, who "led the bridge and built the line", and Wang Xiaolin’s Sailin automobile finally chose to land in Rugao, Jiangsu. Now that the youth car has filed for bankruptcy, plus the cool Sailin and the land ark that once had land disputes, it is conceivable how big the shadow area of Rugao, Jiangsu Province is. Will there be any mistakes or improper review in attracting investment?
Undoubtedly, this is a wake-up call for all local governments to prevent fire, theft and fraud in the future.
Even without this epidemic this year, those who should have collapsed will still collapse, and Mr. Nan Guo, who is just making up the rest, will eventually be found out.
In April, Lu Qun, the chairman of the board of directors, was restricted from high consumption due to the annual loss of several hundred million yuan in the future car.
In mid-June, the founder of Bo County issued a statement on operational difficulties.
At the end of June, Baiteng announced a complete shutdown.
There will be more and more similar news, but it is a pity that the real money that has been squandered, Dr. Jia Accountant Wang is still living happily in the United States, and those who make cars seriously are still struggling. (Text: Pacific Auto Network Zeng Huijun)