八年拉锯!日照合资造车停摆
第一财经·2025-11-14 04:17

Core Viewpoint - The article discusses the failed joint venture between Rizhao High-tech Zone and Zhongxing Automobile, highlighting the conflicts and challenges that led to the project's stagnation and eventual collapse, primarily due to disagreements over asset evaluation and differing operational philosophies between state-owned and private enterprises [6][35]. Group 1: Background and Formation of the Joint Venture - In 2017, Zhongxing Automobile ended its partnership with GAC and sought a new production base, leading to a collaboration with Rizhao High-tech Zone to establish a vehicle manufacturing plant [6][7]. - The joint venture aimed to create Rizhao's first complete vehicle manufacturing facility, but faced numerous challenges, including stalled evaluations, management issues, and failed R&D efforts [6][35]. Group 2: Initial Challenges and Delays - The initial asset injection faced significant obstacles, including the need to demolish and rebuild a factory deemed illegal, which delayed operations by 18 months [7][8]. - Tax burdens and regulatory requirements further complicated the asset injection process, leading to postponed evaluations and agreements [10][12]. Group 3: Disputes Over Asset Evaluation - Disagreements arose regarding the necessity of a second asset evaluation due to the expiration of the initial report, with Rizhao High-tech Zone insisting on compliance and Zhongxing Automobile concerned about potential asset devaluation [11][12]. - The introduction of a "bet clause" by Rizhao High-tech Zone, linking future profits to equity adjustments, was met with resistance from Zhongxing Automobile, which argued that such clauses were unreasonable and hindered the evaluation process [18][33]. Group 4: Project Stagnation and Governance Issues - The joint venture's inability to produce vehicles stemmed from unresolved funding issues and unclear responsibilities regarding product development, leading to a complete halt in production [24][28]. - Governance conflicts, particularly regarding decision-making authority and financial oversight, further exacerbated the situation, resulting in a lack of operational efficiency [32][35]. Group 5: Conclusion and Future Directions - The joint venture ultimately failed, with both parties unable to reconcile their differing operational philosophies, leading to a complete abandonment of the vehicle manufacturing project [35][36]. - Rizhao High-tech Zone has since shifted focus to a new partnership with Chery Commercial Vehicles, aiming to revitalize the local automotive industry with ambitious production targets [36][37].