Young Enthusiasts Snap Up 'Orphaned Cars' from Defunct Automakers: Some Score Nio at Half-Price, Others Nab HiPhi for 120,000 Yuan
18 hour ago / Read about 0 minute
Author:小编   

Recently, social media platforms have been abuzz with young consumers showing a keen interest in purchasing what are being termed as "orphaned cars"—vehicles produced by now-defunct automakers such as Nio, Jiyue, and HiPhi, which once belonged to the burgeoning yet now-bankrupt new energy vehicle sector. Several car owners have shared their stories, attributing their purchases to the dramatic price reductions following the automakers' financial collapses. For example, 28-year-old Mr. Jiang managed to secure the Nio L 310 Flash Charge Pro model, originally retailing at 149,900 yuan, for a mere 77,700 yuan. Meanwhile, 22-year-old Mr. Guan snagged the Jiyue 07 long-range variant, initially priced at 219,900 yuan, for 150,000 yuan. Li Yanwei, an expert from the China Automobile Dealers Association, highlighted that some young buyers, constrained by limited budgets but eager for cutting-edge technology and innovative products, are drawn to vehicles from these defunct manufacturers. Nevertheless, he cautioned that this "bargain-chasing" trend carries inherent risks, including the cessation of after-sales services, limited maintenance options, and the potential for in-car systems to become obsolete or non-functional.