WillItSurvive
China · absorbed · China

Bordrin Motors

Defunct Chinese EV startup that built the iV6 SUV before liquidating in 2021.

Little protection left
Assessed 29 July 2026 · Evidence as of 29 July 2026
Not much stands between this business and its pressures.
On the recordSince 29 July 2026 · Checkable from N/A · Every call on the record Checkpoint: No scheduled event; only a revived entity or confirmed asset sale under the Bordrin name would change this
The call

Bordrin Motors stopped existing as an operating company in 2021, so there is nothing left for AI or rivals to threaten.

Bordrin Motors made electric SUVs but went out of business in 2021 after its main product, the iV6, never sold in real numbers. Chinese EV makers like BYD, NIO, and XPeng beat Bordrin by having more money and better execution. The only thing worth watching now is that old business databases still list Bordrin with a fake $1.4 billion value, which could confuse people into thinking it is still alive or mixing it up with a different company called PsiBot that raised real money recently.

Why
01
AI pressure: None apparent. Bordrin has no active product, revenue, or workforce, so no AI product has anything left to eat. Could AI do the core job? Yes, likely.
02
Bigger players: NIO, XPeng, Li Auto, BYD. Better funded Chinese EV makers out-executed Bordrin as its revenue fell from $33.6M to $10.2M before it collapsed. Could a giant copy it? Yes, easily.
03
What protects it. None: the company filed for bankruptcy and liquidated in 2021, leaving no assets or operations to protect.
What would change this call
Any filing or press release naming a live 'Bordrin Motors' with active headcount, funding, or product. Would indicate a revived or different entity operating under the same name.
A recruiter or offer citing 'Bordrin, $1.48B unicorn' without a distinct legal entity name. Would show entity confusion between defunct Bordrin and PsiBot's 2026 raise.
CB Insights, PitchBook, or notice.co updating or correcting the stale ~$1.4B Bordrin valuation marker. Would confirm the aggregator error is being fixed rather than persisting.
Key numbers
  • Revenue fell to $10.23M (2020)
  • Revenue was $33.61M (2019)
  • Over 1,000 employees at peak (2019)
Named risks
  • Company is fully defunct with no assets, product, or workforce since 2021. Severity: high
  • Aggregators like CB Insights and PitchBook carry stale profiles that misstate valuation and headcount. Severity: medium
  • Public confusion between Bordrin's stale $1.4B figure and PsiBot's genuine $1.48B July 2026 valuation. Severity: medium
  • 11 filed patents and battery-estimation IP appear dormant with no commercialization since 2021. Severity: low
Rivals, as read in July 2026
RivalDirectionEvidence
NIOlosing toBordrin liquidated 2021 while NIO scaled and survived the same EV funding era
XPenglosing toOut-capitalized Bordrin as it collapsed to $10.23M revenue in 2020
Li Autolosing toContinued operating past 2021 while Bordrin went bankrupt
BYDlosing toCaptured market share Bordrin could not defend before its 2021 liquidation
Questions people ask
Is Bordrin Motors still operating in 2026?
No. Bordrin filed for bankruptcy and was liquidated in early 2021 after revenue fell from about $33.61M in 2019 to $10.23M in 2020. No source shows any revival, product, or workforce active as of July 2026.
Could I safely take a job offer from Bordrin Motors?
No such job exists to take. Bordrin employed over 1,000 people at its 2019 peak, including more than 90 engineers in Oak Park, Michigan, but the company was liquidated in early 2021 and has had zero operations since.
Is Bordrin Motors really a $1.48 billion unicorn?
No. The $1.48B figure belongs to PsiBot (Lingchu Intelligence), a Shanghai embodied-AI startup that hit that valuation in July 2026. Bordrin, a defunct Chinese EV maker, has not operated since its early 2021 bankruptcy.
What happened to Bordrin's iV6 SUV?
The iV6, Bordrin's flagship SUV built on its in-house i-SP/i-MP/i-LP platforms, never reached meaningful production volume. The company showed a related iEV7 concept at the 2019 Shanghai Auto Show, then filed for bankruptcy and liquidated in early 2021.
Which companies beat Bordrin Motors in China's EV market?
NIO, XPeng, Li Auto, and BYD out-raised and out-executed Bordrin, which had raised capital from investors like Sumitomo and Sinochem but still saw revenue collapse to $10.23M in 2020 before liquidating in early 2021.
Did COVID-19 kill Bordrin Motors?
COVID-19 worsened an existing cash crisis at Bordrin, according to an August 2020 Automotive News report, contributing to the company's early 2021 bankruptcy filing and liquidation after revenue had already fallen sharply in 2019 to 2020.
Timeline
  • 2026-07-23PsiBot, unrelated Shanghai firm, hits $1.48B valuation; figure mistakenly linked to Bordrin in some data
  • 2021Bordrin files for bankruptcy and undergoes liquidation, ending operations
  • 2020-08-24Automotive News reports COVID-19 worsened Bordrin's cash crisis
  • 2020Bordrin revenue falls to about $10.23M as pandemic hits sales
  • 2019-04Bordrin partners with FAW Group for contract manufacturing
  • 2019iEV7 shown at Shanghai Auto Show; revenue about $33.61M; over 1,000 employees
  • 2018Bordrin partners with Torc Robotics on autonomous-driving tech
  • 2016-08Bordrin founded by Huang Ximing, former senior Ford engineer
Revision history
29 July 2026
First assessed. Little protection left. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources