中智行被认定破产，王劲自动驾驶创业落幕

Core Viewpoint - Zhongzhixing, an L4 autonomous driving company founded by Wang Jin, has been approved by the court to enter bankruptcy liquidation proceedings, indicating severe financial distress and operational failure [1][12][13]. Company Background - Wang Jin, a prominent figure in China's autonomous driving commercialization, was the first general manager of Baidu's autonomous driving division [2][29]. - After leaving Baidu, Wang founded Jingchi Technology in 2017, which was once one of the fastest-growing autonomous driving startups before internal conflicts led to his exit [4][12]. Financial Distress - Zhongzhixing has reportedly failed to pay even a small debt of 15,000 yuan, leading to a series of legal actions and revealing a financial black hole with debts totaling nearly 25 million yuan [8][12]. - The company has been found to be insolvent, with no assets available for execution, and has lost contact with creditors and the court [10][12]. Legal Proceedings - The Nanjing Qixia Court has recognized Zhongzhixing's condition as meeting the criteria for bankruptcy liquidation, initiating the "execution to bankruptcy" process [12][13]. - Multiple civil cases have been filed against Zhongzhixing, indicating widespread financial issues and a lack of operational transparency [9][12]. Operational Challenges - Zhongzhixing initially aimed to innovate in vehicle-road collaboration but faced significant challenges in implementation, leading to stagnation in progress [26][28]. - The company struggled with the complexities of infrastructure transformation necessary for vehicle-road collaboration, which proved to be more difficult than anticipated [24][26]. Leadership and Strategy - Wang Jin's strategy shifted towards vehicle-road collaboration, believing that single-vehicle intelligence was a dead end, but this approach has not yielded the expected results [17][28]. - The company has faced increasing difficulties in securing funding and maintaining operational viability, particularly as the autonomous driving sector has become more competitive [28][29].