八年拉锯！日照合资造车停摆

Core Viewpoint - The partnership between Rizhao Zhongxing Automobile Co., Ltd. and Rizhao High-tech Development Group has faced significant challenges, leading to an eight-year stagnation in vehicle production and ultimately resulting in the project being deemed a failure due to unresolved disputes over asset evaluation and funding [2][27]. Group 1: Partnership Formation and Initial Challenges - In 2017, Zhongxing Automobile terminated its cooperation with GAC and sought a new production base, leading to the establishment of a joint venture with Rizhao High-tech Development Group to create the first complete vehicle manufacturing plant in Rizhao [2]. - Initial challenges included the identification of the production facility as illegal construction, requiring a year and a half for reconstruction, and significant tax liabilities that created financial pressure on Zhongxing Automobile [3][4]. Group 2: Asset Injection and Evaluation Disputes - The joint venture agreement stipulated that Zhongxing Automobile would contribute 765 million yuan in assets for a 51% stake, while Rizhao High-tech would contribute 735 million yuan for a 49% stake [5]. - Delays in asset injection led to expired evaluation reports, prompting Rizhao High-tech to request a second evaluation in August 2019, which Zhongxing Automobile opposed due to potential asset devaluation [5][6]. Group 3: Escalation of Conflicts - By November 2020, tensions peaked during a meeting where both parties blamed each other for the delays in asset evaluation and funding, with Zhongxing questioning the motives of Rizhao High-tech [9][10]. - Disagreements over the introduction of "earn-out clauses" in future revenue assessments further complicated negotiations, with Zhongxing arguing that such clauses were unreasonable and detrimental to the evaluation process [12][24]. Group 4: Project Stagnation and Governance Issues - The joint venture failed to produce any vehicles, with both the C platform and CP-2 platform projects remaining unrealized due to ongoing disputes and funding issues [16][22]. - Governance issues arose from unclear decision-making authority, with financial oversight from Rizhao High-tech leading to operational paralysis within the joint venture [23]. Group 5: Final Outcomes and Future Directions - By 2023, the joint venture was effectively a "shell" company, with both parties resorting to legal action against each other, marking the complete failure of the vehicle production project [27]. - Rizhao High-tech has since shifted focus to a new partnership with Chery Commercial Vehicle for a pickup truck project, aiming for significant production and economic contributions in the region [28].