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Today, according to the Daily Business News, a person close to Hanteng Motor said that Hanteng Motor will complete its bankruptcy restructuring by the 25th of this month. In addition, it also said that the first phase of the Hanteng plant will also be sold to Great Wall Motor at a low price, and Great Wall Motor will take over the first phase of the Hanteng plant after the bankruptcy restructuring of Hanteng Motor is completed. In response to the news, Great Wall Motor said: "at present, we have not received the relevant news, and we will implement it as soon as possible."

As for the current situation of Hanteng Motor, the person familiar with the matter said: Hanteng Motor has suffered many rounds of layoffs and voluntary turnover, and there are only a few dozen employees left behind at the factory. It said that although the internal notice of Hanteng Automobile completed the bankruptcy reorganization by April 25, the follow-up treatment of existing employees had not been clearly put forward.

It is understood that Hanteng has two major production bases in Shangrao, with an investment of 3.7 billion yuan in the first phase and an annual production capacity of 150000 vehicles. The total investment of the second phase is 10 billion yuan, the annual production capacity is 200000 vehicles, and the total production capacity is 350000 vehicles. But later, with the sales of Hanteng car falling year by year, the production capacity of the production base is also difficult to be brought into full play. In addition, the long-term operating condition of Hanteng Motor is poor, Hanteng Motor has been laid off on a large scale since 2020, and its first-and second-phase factories have also stopped production one after another. In June 2021, the Hanteng Phase II plant was taken over by Great Wall Motor.

For Hanteng, many people may not have heard of it. In fact, Hanteng Automobile was invested and established by Tieniu Group, which belongs to Zhongtai Motor, in Shangrao, Jiangxi Province. at the beginning of the project, it was named Lantuo Motor, and later renamed Hanteng Automobile. According to relevant data, Jiangxi Hanteng Automobile Co., Ltd. was established in November 2013, and the legal representative is Wang Gendang. It is jointly funded by Lantu Motor Co., Ltd., Shangrao Hanteng New Energy Industry Center (limited partnership) and Shangrao Tengjun Technology Co., Ltd., with a shareholding ratio of about 61.6246%, 29.972% and 8.4034%, respectively. It is worth noting that a few days ago, on April 11, the industrial and commercial change took place in Hanteng Automobile. Shangrao Tengjun Technology Co., Ltd. withdrew its stake in Hanteng Automobile, all of which was taken over by Lantu Motor Co., Ltd. Lantu Motor Co., Ltd. also increased its shareholding to 70.028%.

For Hanteng, it was reported to have stopped production as early as 2020. In addition, earlier, a number of employees exposed that Hanteng was in arrears of wages, and even insiders revealed that the operating capital of Hanteng was so tight that even the production equipment in the factory had been used as collateral for loans. It is not that the company does not want to pay the wages in arrears, but that it really cannot be paid out. However, Hanteng also had a highlight period and was once known as the "light of domestic production". The net profit in 2017, 2018 and 2019 was 15 million yuan, 170 million yuan and 260 million yuan respectively. It can be said that there is a rise in the sale of cars in the domestic market. However, the good times did not last long, after entering 2020, due to the lack of innovative technology, while Hanteng also increased the expansion of the factory, resulting in a large backlog of products. It is understood that Hanteng car has Hanteng x7, Hanteng x5, Hanteng v7, Hanteng x7 new energy, Hanteng x5 new energy and other models. According to relevant data, the annual sales of Hanteng cars in 2021 is only 748. Without the support of sales volume, the difficult situation of Hanteng Motor can be imagined.

At present, Hanteng is obviously caught in a dilemma of operation. As it is inextricably linked with Zhongtai, it seems that it is experiencing the same "track" as Zhongtai Motors. For the automobile enterprises with single brand, lack of core technology and capital, with the gradual slowdown of the economic downturn and market increment, and the Chinese automobile market is entering a new stage of stock competition, it is bound to become a weak brand that is about to be eliminated.

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