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Recently, some netizens reported on Weibo that Future Automobile / Great Wall Huaguan Automotive Technology Co., Ltd. owed employees' wages and used employee information for loans, but the actual loans did not pay employees' wages.

According to the content on Weibo, it is mainly divided into the following points:

1. Future Automobile / Great Wall Huaguan Automotive Technology Co., Ltd. ran out of funds in June last year due to difficulties in financing, and stopped paying salaries to ABC employees since July last year (Future Automobile employees are divided into seven ABCDEFG grades). The salaries of other levels of employees are also in arrears to varying degrees in August and September.

2. In order to deal with the financial crisis, Future Automobile forced AB employees in September 2019 and encouraged C-level employees to pay wages to company employees through credit loans, but actually did not pay ABC employees.

3. In November 2019, the company stopped paying the provident fund.

4. In January 2020, Future Motor launched a separation settlement agreement in order to prevent employee arbitration. According to the agreement, the salary will be settled within 2 months of the promise to leave before the year, but the salary of the employee who signed the departure agreement before the year has not been settled as scheduled due to the hindrance of financing.

5. Years later, Future Automobile again used the means of separation agreement to trick more than 200 employees into leaving automatically and agreed to settle their wages on April 30, but the company's financial situation was simply unable to settle. The exit agreement gives employees three options: ① leaves voluntarily within this week, and the company ensures that wages are settled at the end of May without compensation. ② chose to leave the company by agreement within 2 days, and the company signed a compensation agreement to provide compensation in accordance with the national Nissl standard, and settled its salary at the end of August. ③ chose to stick with the company. The company thanked the employees for their persistence and solved the salary problem as soon as possible, but could not give time commitment in a short period of time.

In fact, Future Motor was already in trouble as early as February last year, and the parent company Great Wall Huaguan also owed relevant wages and supplier payments. Future Motors said at the time that the company did have financial problems, but it did not affect the payment of employees' salaries. Through the official WeChat of Future Automobile, it is learned that there are still employees commenting on the salary below.

According to Tianyan survey data, Great Wall Huaguan was established in 2003, the main business includes traditional cars, new energy vehicles, military vehicle design, as well as electric vehicle research and development, production and sales. Great Wall Huaguan established Future Automobile in February 2015, and the Great Wall Huaguan was listed on the new third board in the same year.

However, since the Great Wall Huaguan landed on the new third board, the performance is not good-looking. According to KuaiBao, the 2018 annual results released by Great Wall Huaguan, the company's total profit loss in 2018 reached 609 million yuan, down 163.44% from the same period last year, while the net profit of shareholders belonging to listed companies lost 606 million yuan, down 168.15% from the same period last year. The losses in 2016 and 2017 were 98 million yuan and 226 million yuan respectively, with a debt ratio of 35.28% and 69.46% respectively.

On February 20, 2019, Great Wall Huaguan applied to terminate its listing and announced its withdrawal from the new third board on April 19. The continued losses of Great Wall Huaguan exacerbated the plight of Future cars.

At present, Future Automobile has only one model on sale, that is, the K50, which went on sale in August 2018, is a pure electric sports car with a unified national price of 686800 yuan after subsidy, which can be said to be the most expensive car sold by the new car-building forces in China.

According to data, as of the first half of last year, the cumulative number of Future K50 vehicles was only 131. In February this year, the quasi-new car K50 of the online circle of friends sold off, running more than 8000 kilometers, and the price was more than halved.

Future Automobile, as a member of the new force of domestic car-building, the first pure electric supercar launched is unprecedented. However, it is conceivable that the degree of money spent by the new force of car-building is imaginable. Under the premise of not having enough funds to maintain operation, how to survive has become the biggest problem. In addition, the situation of the parent company is not optimistic, which increases the plight of the future car to a greater extent.

Li Xiang, CEO of ideal Automobile, said, "among the hundreds of new car manufacturers, to this day, they never owe their employees' wages and suppliers' payments. this is the most basic and responsible thing, and it is estimated that no more than five can be done."

The word "Future car" has a clear meaning, but now it is lost in "money". Will there still be a future?

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