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The year-on-year decline of cars for two consecutive years has put unprecedented pressure on the entire industry, not only that, but also a sudden epidemic in 2020 has made the domestic car market feel even worse. To this end, many car companies in the face of loss performance, frequently encountered difficulties.

According to media reports, a few days ago, another self-service brand car company encountered arrears of employees' wages, protection of dealers' rights, and so on. It is understood that many dealer bosses came from all over the country to protect their rights at the Jintan production base of Mahayana cars in Changzhou. Judging from these people dressed in white, they guessed that they were dealers who were protecting their rights, because slogans such as "return my hard-earned money" and "We want to live" were printed on their clothes.

The media learned at these dealers that the reason why they came to protect their rights was that at the end of March this year, several of their dealers unanimously received a notice from Daisheng, saying that car production was blocked due to the company's financial difficulties. There will be no new cars to be supplied to dealers in the near future.

So, for dealers, not having a car to sell means having to bear high costs and unable to achieve cash flow, so that the operation of the store is almost shut down, which is unbearable for anyone. In order to solve this problem, this part of the dealers also chose to come to the production base of Mahayana to negotiate.

Although, I learned that only six dealers came to protect their rights, a total of eight people, and the reason they came was not to claim, but to get back their due. Because in the face of the current development of Mahayana cars, they can no longer see the future, so they hope to get back the promises made by the manufacturers at that time, etc., but all these do not meet the contract in the view of the manufacturers. However, for the requirements made by Mahayana, all dealers feel that "it is simply a bully clause."

In fact, Mahayana can not make a reasonable solution to the problems of only a few dealers, but also because it is already in an extremely difficult situation. In addition, Mahayana employees revealed that Mahayana Jintan base in Changzhou has been in arrears for many months and has been unable to pay since December last year. It is understood that the salary has not been paid in full in 2020, involving more than 1500 employees (including those who have recently left).

In addition, some employees revealed that the previous contracts signed with the company, the company did not give individuals a bottom, the situation also appeared in the dealers, which also increased the difficulty of safeguarding rights.

According to public information, although Mahayana was established in 2014, registered in Jintan, Changzhou, and the office is located in Fuzhou, it has only been a little more than a year since the establishment of the brand. Its predecessor is also Zhongtai Damai, and later, with Zhongtai Motor backdoor listing, Jintan Base is also completely independent, renamed to "Mahayana car."

It is worth mentioning that Jiangxi Dacheng Automobile Industry Co., Ltd. added five pieces of chattel mortgage information, the total amount of secured claims is about 2 billion yuan, the collateral includes vehicle products, spare parts and plant materials.

Since entering 2020, China's automobile market seems to have entered a desperate situation, no matter the more powerful car companies or marginal car companies are also very difficult, so as China's automobile industry has developed from a high speed to a declining stage, it has caused a series of chain reactions. the independent car brands on the edge have also accelerated into the reshuffle period.

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