Almighty crossover king

Chapter 1357 Modern Bankruptcy
The Spring Festival in Longhua City is extremely lively, full of joy everywhere.But here in South Korea, in the Hyundai-Kia Group, it is gloomy.

Hyundai Kia Group, the largest car company in South Korea, is currently the only car company in South Korea.Other car companies have already gone bankrupt, and now this group is about to follow suit.

"The bank has already rejected our loan. The government has also refused to bail out."

In the conference room, the group president Jin Xiujun's words made everyone sigh.

Since the rise of Tesla, Hyundai Kia Group's car sales have continued to decline.

This year is even more unbearable, and sales have jumped even more.It is useless to cut prices, and the inventory loss cannot be dealt with.

Korean cars are being suppressed by Japanese, German, American, and Chinese cars all over the world.The days are not over now, and now cars are all electrified, and Hyundai Kia does not have any advantages in electrification.

All methods have been exhausted, including cooperating with Tesla and even selling to Tesla.But Tesla doesn't have any interest in Hyundai-Kia at all.

Now, the debt-laden Hyundai-Kia has only one path.Filing for bankruptcy and now in debt they can't go on.

As the largest car company in South Korea, a large car company with 10,000+ employees has fallen to this point in just a few years, and it has to be said that things are impermanent.

"Let's file for bankruptcy."

Several major shareholders could only sigh in the end, and thought of all the methods.The stock of Hyundai Kia has already fallen to the bottom, and it cannot be sold at all.

The only thing they can do now is to file for bankruptcy, after all, they can't pay off so many debts.As for what will happen in the future, if he is bankrupt, he still cares about the wind from east to west.

"South Korea's Hyundai-Kia Group Motor Group officially files for bankruptcy"

"Heavy in debt, South Korea's No. [-] car company went bankrupt, and South Korea has no more car brands"

"Another car company goes bankrupt"

"South Korea's economic depression, the largest car company officially went bankrupt"

The news report came out and aroused heated discussions among many people.Especially in South Korea, countless people are even more gloomy.Especially those who work in car companies, there are quite a few of them.

Now that the company is bankrupt, they have no income directly.In fact, a long time ago, their incomes were all reduced a lot.

Now, I really have no income at all.Perhaps for a long time, they will all need to live on government relief.

South Korea's economy has been sluggish in the past two years. After the establishment of private collars, life has become even more difficult.

The assets of the powerful Samsung Group have shrunk significantly.Some time ago, the shipbuilding industry was hit hard, and the automobile industry was killed by Tesla.

The original booming tourism industry has also been snatched away, and the entertainment industry is also in the doldrums.

South Korea's economy is relatively simple, and the chaebol economy has both advantages and disadvantages.Now that the chaebols are about to be played to death, the economic situation in South Korea will naturally not be good.

Hyundai went bankrupt. For many car companies, Hyundai seems to be its own shadow.Whether it is Japanese, German or American brands, or China's own brands, they are now facing a reshuffle.

Tesla Group has many brands, and its cars have covered all grades.No matter in terms of technology, configuration or product quality, Tesla Group's cars are at the forefront.

In this case, auto companies will naturally reshuffle their cards, and some brands are destined to be eliminated.The same is true for the powerful German and Japanese systems.

In Germany, Tesla has already successfully penetrated into the interior.Volkswagen Zhang Fan holds shares, and Audi and Tesla cooperate.The market for BMW and Mercedes-Benz is backlogged, and now they can only cut prices to survive.

The American brand has long been Tesla's replacement car, but life is not bad.The Japanese are not having a good time, even Toyota's market has been greatly squeezed, and now they are struggling with hydrogen energy while maintaining their lives.

New industries, new economic layouts, and new political structures.South Korea bears the brunt.

Hyundai and Kia went bankrupt, and large-scale parades appeared again on the streets of South Korea. This year, for the Korean people, parades have become the norm.

The economy is sluggish and the unemployment rate is soaring. Under such circumstances, demonstrations are most likely to occur.They look forward to change, but things like the economy cannot be achieved by their hard work.

Tesla headquarters and group executives also held a meeting.For global car companies, the bankruptcy of Hyundai and Kia requires careful study and a plan.

Although Hyundai Kia's market has been squeezed a lot, but now it is bankrupt, the Korean market must be vacant.This market is also a good market, and global car companies will definitely want to grab this market.

For Tesla, there is one less enemy.Tesla is now the world's largest car company.But as the world's largest car company, Tesla is always full of crisis awareness.

Tesla is very clear that the electric era has allowed Tesla to rise rapidly.If the next era cannot keep up with the trend, it is likely to be eliminated directly.

Only by being full of crisis awareness can we survive for a long time.Tesla has always invested heavily in scientific research.Now Tesla Group has a complete technology industry chain.

From parts to vehicle production, to production line production, Tesla has the technology.And it is still working on the research and development of new technologies to make the car safer, more comfortable, and have more functions.

"We want to follow up in the Korean market, and now we can contact Hyundai and Kia to see if they are interested in a joint venture with Tesla."

The person in charge said with a smile that the Korean market is not easy to enter.Although the country is small, the nation is very united.Now that Hyundai Kia is bankrupt, it is a good thing to have plenty of opportunities after bankruptcy.

When the time comes, it will be a good way to join a joint venture with Hyundai's factory and learn from the previous Huaxia joint venture method to let Tesla Group's models enter the Korean market.

Now South Korea has no choice, either modern factories, or completely lose the auto industry.For those employees, I am afraid they will also choose the contemporary factory, at least the contemporary factory can support some employees.

"Go, go to the R&D department to see our new car."

After the meeting, a group of high-level executives went directly to the R&D department.Tesla has one purpose for cars, which is to make cars safer and safer.

For the car, although it is a means of transportation.But safety is the most important thing.How to make cars safer and improve safety while ensuring costs is something that all car companies are considering.

Tesla is no exception. It has invested continuously in the past few years, and now it has obtained some technologies from the Zhang Group.The safety of the new cars made by them with new materials and new techniques will be greatly improved. This is a very gratifying thing for Tesla. With new techniques, Tesla's brand value will increase Further improve.

(End of this chapter)