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According to the national enterprise credit information publicity system, Zhejiang ideal Automobile Co., Ltd. has added a simple cancellation announcement information, the announcement period is from September 5 to September 24, and the result of the simple cancellation is that a simple cancellation announcement is under way.

Data show that Zhejiang ideal Automobile Co., Ltd. was established on November 9, 2020, with a registered capital of 1 billion yuan, and the legal representative is Shen Yanan, president of ideal Automobile. Equity penetration shows that the company is wholly owned by Beijing Automobile Hejia Information Technology Co., Ltd., which is engaged in road motor vehicle production, auto parts R & D, auto parts and accessories manufacturing, auto parts wholesale, auto parts retail, motor manufacturing, general equipment manufacturing, etc.

As the legal representative of the company, Shen Yanan has also attracted strong attention recently for continuing to sell ideal auto shares. Shen Yanan sold 400000 shares of ideal Motor Hong Kong shares on Sept. 2, trading at an average price of $13.2221, falling from 1.74% to 1.71%, cashing out $5.2888 million, or about 36.61 million yuan, according to documents on the HKEx's website. On Sept. 6, Shen Yanan continued to sell 600000 shares of ideal Automobile Hong Kong shares, cashing out US $7.875 million, or about 54.52 million yuan, reducing his shareholding from 1.74% to the current 1.68%. A total of 1 million shares were cashed out of US $13.1638 million, or about 91.13 million yuan.

In addition to Shen Yanan, Meituan CEO Wang Xing also reduced his holdings of ideal Motor Hong Kong shares three times from March 29 to March 31, cashing out a total of about 310 million yuan, reducing his shareholding to 22.81 percent.

According to relevant information, Shen Yanan has been the ideal president since November 2015, mainly responsible for the company's overall strategy, business development, supply chain management and sales and marketing. He previously served as vice president of Lenovo's global supply chain and chairman of Motorola Mobility (China) at Lenovo from 2006 to October 2015. From October 2004 to February 2006, he served as a management consultant for Accenture. From June 2002 to September 2004, he served as Director of IT of ZTE Corporation.

In response to Shen Yanan's selling of ideal shares and the cancellation of Zhejiang ideal Automobile Co., Ltd., some people also responded to the media that Zhejiang ideal Automobile Co., Ltd. was not in actual operation, while Shen Yanan's selling of shares was for personal reasons.

Generally speaking, for the sake of business convenience, a large company will have several subsidiaries, some of which have actual business operations and some do not, and it is obvious that Zhejiang ideal Automobile is only registered there. For ideal car, it is normal to register a subsidiary, but netizens who do not know the details may read too much and even have something to do with the operating environment of ideal car. However, recently, Shen Yanan sold ideal car stocks, and the legal person of Zhejiang ideal Automobile is Shen Yanan, no wonder netizens will link the two together. From this point of view, the short-term impact of subsidiary cancellation and senior executives selling shares is a difficult problem that ideal cars have to face.

Recently, the life of ideal car is not satisfactory. In August, ideal Automobile issued an interim results announcement for 2022, according to the announcement: the net loss of ideal Automobile in the second quarter was 641 million yuan, an increase of 172.2% over the same period in 2021, an increase of 172.2%, setting a new high after listing. Compared with 11 million yuan in the first quarter, an increase of 5727.3%. However, the net loss widened and the delivery volume halved. A total of 4571 new cars were delivered in August, down 51.5% from a year earlier and 56.1% from a month earlier, according to official figures released by ideal Motors. For the reasons for the sharp decline in sales, some media called customer service personnel, and their response said that because the ideal L8 will be listed immediately, it has caused some potential customers to wait and see for the time being.

In early September, it was revealed that the ideal car was caught in a replacement storm, and more than 1000 car owners filed a collective complaint. According to earlier market rumors that the ideal car will soon launch the L8, and for the L8 ideal car CEO Li Xiang once said on Weibo, "wait for the L8 at this stage, do not buy the ONE." On September 1, the ideal car news, the ideal L8 will be released in early November, and delivery will begin that month. According to a salesperson of ideal car, due to the demand of replacement, the price of ideal ONE has dropped by 20, 000 yuan. After that, the production and sales of ideal L8 will be given priority to on the production side, and ideal ONE will gradually withdraw. As soon as the news came out, many owners of ideal ONE cars were dissatisfied with the original price. Subsequently, the ideal car issued in the official App "instructions on ideal ONE after-sales guarantee and software upgrade service", indicating that after the release of the ideal L8, the basic after-sales protection of the ideal ONE will not be affected, and the ideal car will strictly fulfill the quality assurance commitment for all car owners, and provide original factory pure accessories for maintenance and quality assurance services in the process of use.

The protection of the rights of the old car owners has not yet subsided, and then it was reported that Shen Yanan, president of ideal Automobile, sold a large number of his own shares, selling 1 million shares in four days, with a cumulative cash amount of more than 90 million yuan. Zhejiang ideal Automobile Co., Ltd. applied for cancellation. Although Shen Yanan sold a large number of his own shares is a personal behavior, but because he is located in the core of the ideal car, selling his own shares at this time will inevitably cause panic among investors. An analysis of the sale of Shen Yanan's stock and the cancellation of Zhejiang ideal Co., Ltd. said that ideal car may face personnel upheaval, and Shen Yanan is likely to step down as president of ideal Automobile.

However, according to the concern of the automobile industry from the Tianyan website, there are 116 related companies in Shen Yanan, which are distributed in Jiangsu, Guangdong and other places, most of which are ideal automobile companies in various places. If Shen Yanan, a market analyst, will step down as president of ideal Automobile, then this personnel upheaval will have a certain impact on ideal Automobile. In addition, some professional lawyers pointed out that Shen Yanan and Wang Xing sold a large number of company shares or had a certain impact on the company's stock price. after all, in listed companies, executives and directors are the groups who know the development of the company best.

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