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Heavenly eye survey shows that Weima New Energy vehicle sales (Shanghai) Co., Ltd. (hereinafter referred to as "Weima sales Company") has added a new property preservation order. According to the documents, Shanghai Xingjia Advertising Design Co., Ltd., Kunshan Jianbang Automobile sales and Service Co., Ltd., Anji Zhihang Logistics Co., Ltd., Chongqing Changan Minsheng Logistics Co., Ltd., and Ningbo Nayuan Technology Co., Ltd., asked the court to seize and freeze Weima's total property worth about 130 million yuan. The court held that the above-mentioned company's application was in line with the provisions of the law and ruled that it would be enforced.

Data show that Weima New Energy vehicle sales (Shanghai) Co., Ltd. was established on March 16, 2018, with a registered and paid-in capital of 500 million yuan. According to equity penetration, the company is a wholly-owned subsidiary of Weima Automotive Technology Group Co., Ltd., which was established on May 22, 2012, with a registered and paid-in capital of 6 billion yuan, and the legal representative is Shen Hui. he is the founder, chairman and general manager of Weima Automobile.

Weimar has had a lot of negative news since October 2022.

In November, Shen Hui, chairman of Weima, sent an internal letter to employees saying, "in response to financial pressure, operating costs will be reduced through a series of financial measures, including voluntary salary cuts for managers at and above the M4 level and a 50 per cent basic salary." Other employees pay 70% basic salary, cancel bonuses such as year-end bonuses, suspend car subsidies, and so on. " At the end of the month, Weimar was exposed that the Shanghai headquarters started layoffs and closed a number of stores at the same time.

In December, Weima New Energy vehicle sales (Shanghai) Co., Ltd. added an equity freeze information to Sichuan Weima New Energy Automobile sales Co., Ltd., with an equity amount of 22.866735 million. The freeze period is from December 13, 2022 to December 12, 2025. At the same time, Weima New Energy vehicle sales (Shanghai) Co., Ltd. and Weima Automotive Technology Group Co., Ltd. were ordered by the court to seal up and freeze assets worth 76.52 million yuan. So far, Weima sales company has been applied by a number of car companies to seize and freeze assets, and has been approved by the court.

In fact, it has only been two years since I was a top student in car building to the need to overcome difficulties with employees. Weimar, which was founded in 2015, is basically at the same pace as the R & D, production and delivery of Weimar and Xiaopeng, but Weima has a better foundation than any new power. For example, founder Shen Hui has rich automobile industry experience. He was a director and vice president of Geely holding Group, senior vice president of Volvo Automotive and chairman of China. More importantly, Weima is the first new power brand with independent production capacity. It has two major production bases in Wenzhou and Huanggang, and more than 600 offline distribution stores, distributed in 211 cities across the country.

From many dimensions, Weima seems to be more solid and has more development opportunities than the Internet car manufacturers in the same period, but its actual performance in the market is unflattering. Instead of becoming a Volkswagen in the electric car market, Weima has slipped from the first echelon position to the now precarious market situation.

Weimar was already in jeopardy when it submitted its listing application to the Hong Kong Stock Exchange on June 1, 2022. According to the prospectus, Weima made a net loss of 4.145 billion yuan, 5.084 billion yuan and 8.206 billion yuan respectively from 2019 to 2021, with a total net loss of 13.632 billion yuan over three years. By the end of June 2022, Weimar had only 4.156 billion yuan in cash flow on its books. If it loses 1 billion yuan per quarter, Weimar will not make it through the second half of next year.

This is also the main reason why Weimar applied for listing in Hong Kong while cutting wages and layoffs. However, the prospectus for the listing of Weimar Port shares has expired on December 1, and if you want to continue to apply for listing, you need to update your financial data and other information that needs to be disclosed within three months.

Of course, Weimar faces more than that, and it is rumored that dealers are beginning to withdraw Weimar from its stores. That's understandable. After entering 2022, Weima will no longer release sales data to the public, coupled with continued losses, layoffs, salary cuts and other news, there is great uncertainty in both sales and operation, which not only affects the confidence of investors. consumers also have doubts about their delivery ability, and it is expected that it is difficult for dealers to survive.

A few days ago, a Wenzhou citizen visited the Weimar Wenzhou factory and learned that there had been no order in the factory for half a year. At present, the factory has been shut down, and the security guard has left and can only be replaced by the factory staff. Because of no performance, the on-the-job employees can only get a basic salary of 1700 yuan a month to survive. With layoffs, pay cuts and the departure of senior executives, Weima is like the one in 2019.

Shen Hui, founder of Weima, once said: "We are very confident that we will become the first new car manufacturer in the world to make a real profit for the whole year. We hope to be ahead of Tesla and firmly believe that we can do it." Today, Weima is a place of chicken feathers, which makes people sad.

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