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It is learned from the China Executive Information publicity Network that Chongqing ideal Zhizhao Automobile Co., Ltd. has been listed as the person subject to execution by the people's Court of Beipei District of Chongqing Municipality, and the specific cause of the case has not yet been disclosed. It is worth noting that it has been only two months since the company was last listed as the subject of execution. In September, ideal Zhizhao was listed as the person subject to execution by the people's Court of Beipei District of Chongqing.

With regard to the fact that the ideal car manufacturing company was listed as the executee for the second time, the ideal car replied: this is a problem left over from the history of Lifan Automobile, which has nothing to do with the ideal car, and the ideal car does not accept any debt from Lifan Automobile.

According to Tianyan check information, Chongqing ideal Intelligence Automobile Co., Ltd. was established in September 2003 with a registered capital of 546 million yuan. Its business scope includes research, development, production and sales of automobiles and auto parts. The major shareholder of the company is Beijing che Hejia Information Technology Co., Ltd.

At present, ideal Motor has a total of 65 court announcements, of which only 10 were made before ideal Motor acquired Lifan Motor. This year, disputes over the ideal Smart contract broke out collectively, and most of the plaintiffs were suppliers of Lifan Motor.

Beijing che Hejia Information Technology Co., Ltd. was established in April 2015. the founder of the company is Li Xiang, with a registered capital of 915 million yuan. In June 2019, che Hejia changed its name to ideal car. In October 2018, Auto and Home launched its smart electric car brand "ideal ONE" and announced that delivery would begin in the fourth quarter of 2019. In December 2018, che Hejia spent 650 million yuan to acquire a 100% stake in Lifan Motor, which is also officially qualified for passenger car production.

On December 17, 2018, Lifan announced that Lifan intends to transfer its 100% stake in Lifan Automobile to Chongqing Xinfan Machinery and equipment Co., Ltd. at a price of 650 million yuan. The company no longer holds a limited stake in Lifan Automobile.

In view of the operating conditions of Lifan Automobile and ideal Automobile at that time, equity transfer can be seen as a win-win opportunity, the ideal car is in urgent need of car-building qualification, and Lifan Automobile selling idle production qualification can alleviate the pressure of funds.

However, less than a year after the shares were delivered, there were a lot of problems between the two companies.

The problem of poor management of Lifan Motor is now well known, especially after it was revealed that the company went into bankruptcy proceedings at the end of the year in October.

In terms of performance, Lifan Motor achieved operating income of 6.686 billion yuan in the first three quarters of this year, down 19.52% from the same period last year. The net profit was 2.633 billion yuan, compared with a profit of 134 million yuan in the same period last year. In terms of sales, in September this year, the company sold 399 traditional passenger cars, down 95.90% from January to September, down 72.25% from January to September.

It can be seen that after ideal Motor acquired Lifan Automobile, the situation of Lifan Automobile has not improved, but the river is declining day by day.

However, some people in the industry believe that although ideal Automobile bought Lifan Automobile for 650 million yuan, what is actually sold is only production qualification, and the factory, equipment, and land are still Lifan Automobile. It can be said that the ideal car actually buys production qualifications, not the company.

Lifan car is not easy, and the ideal car is not much better! Ideal Motor announced that it had completed its $530 million C-round financing on Aug. 16, but it is still suffering from financial difficulties and is in a state of loss as a whole. According to the announcement of Jiangsu State-owned assets Supervision and Administration Commission, the ideal automobile business income in 2018 is 170 million yuan, the net profit loss is 718 million yuan, and the total debt is 830 million yuan. In the first half of this year, the ideal automobile business income was 52.776 billion yuan, the net profit and loss was 629 million yuan, and the total debt was 913 million yuan.

At present, the car and home are preparing for the mass production delivery of its first mass production car, ideal Smart ONE. On October 15th, ideal announced that it would postpone the delivery of its first production model from November to December, and deliver the ideal ONE 2020 model directly to the first batch of users.

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