Yinlong launches panda-shaped bus, factory gate blocked, Yinlong says it will not change technology route, only short-term adjustment

Zhuhai Yinlong recently launched a panda-shaped bus, which attracted outside attention.

This bus was unveiled in Chengdu. This year, Yinlong's technology has been criticized by the market, and news of its factories in various places stopping production and closing down has been reported one after another, including the Chengdu factory.

Previously, Yinlong's Chengdu plant was reported to be "partially shut down". Recently, after being briefly sealed off, the gate of Nanjing Yinlong was also blocked by front-line workers using a crane due to funding issues.

An insider of Yinlong said: "At present, most of Yinlong's factories, including Chengdu, are operating normally. The Nanjing project is just a special case. It is not a big deal but it has been magnified by the media. Yinlong currently has no plans to adjust its technology route."

Dong Mingzhu has remained optimistic despite the doubts. "I am confident about (Yinlong's) prospects, because first of all, its energy storage technology is there."

However, the situation is not optimistic.

In 2017, Yinlong planned to produce and sell 30,000 new energy vehicles, but only 20% of the target was achieved. With the overall sales of new energy vehicles in China maintaining a high growth rate, the sales of Yinlong's passenger cars and buses are not optimistic.

Recently, Yinlong was once again reported to be short of funds and owed money to many suppliers. Its current debt ratio is close to 80%, and Yinlong also took the initiative to announce a reduction of 8,000 employees.

An insider of Yinlong said: "Yinlong is currently working hard on innovation, and the previous business and personnel changes were short-term adjustments made by the company in response to market demand."

Yinlong's retro-styled buses and dolphin-shaped buses are indeed constantly innovating in new product design. In the domestic bus market, especially in the market of buses with monotonous appearance, Yinlong's bus appearance design has helped it gain a share of the market.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.