AutoBeta(AutoBeta.net)02/25 Report--

According to media reports, on February 24, Weima Motor, a new force in car building, once again released ditch communications. In the letter, Weimar admits that the company has encountered difficulties and will further sort out and optimize its organizational structure, reduce costs and increase efficiency in order to seek survival and development. Ditch Communications also mentioned that various departments in Weima determine the list of personnel who return to work first and the actual business arrangements, and the company ensures the salary and treatment of those who return to work and return to production as far as possible, while the rest of the staff arrange unpaid leave and gradually resume work and production according to business needs. In addition, in view of the problems with the current social security contributors of Weima Automobile and the discontinuation of employees' social security contributions, Weima decided to adopt an alternative plan to re-pay employees' pension, medical care (including serious illness and childbirth), industrial injury and unemployment insurance. The above arrangements will be implemented from the payday of 25 February 2023 and will take effect with the attendance cycle corresponding to that payday.

Reported that this release ditch communication time is Weima Motor in February payday, most of the employees have not received wages, directly into the state of unpaid leave. Very few employees are on the list of people who return to work and get paid in February.

So far, Weimar's official website has not responded to the above news.

Since October last year, Weimar has been constantly exposed about "pay cut, suspension of pay" and so on. On November 21, 2022, Shen Hui, founder, chairman and CEO of Weima Automobile, disclosed in an internal communication that Weimar is facing problems, including the pressure of capital and cost control. "since October 2022, the company has implemented a series of cost reduction measures to cope with financial pressure," Shen Hui said at the time. The management of the company took the lead in taking the initiative to cut the salary by half. At the same time, the company's overall operating expenses are streamlined and a series of financial measures are taken to reduce operating costs. "

Since the beginning of 2023, Weimar has been plagued by negative news, including staff suspension, factory shutdowns, store closures, financial constraints and other news continue to appear frequently in the public eye.

A week ago, Weimar issued a clarification statement on its official Weibo, saying: "We are concerned that many media have published and reprinted false statements and misleading information about the company's management and the business situation of the company. As soon as the relevant articles were released, some netizens spread, reprinted and discussed on various major social platforms, which had a serious impact on the company's brand, reputation and personal reputation of corporate management. We have sent a lawyer's letter for some false information and asked the relevant media to delete the information that is not in line with the facts and stop misleading the industry and the public. " The statement also responded to three rumors: "Weima Automobile Finance Department set up a project without authorization", "10 million-level projects in which enterprises rely on scalpers to brush their orders", and a Weima former employee said that "the management of the company gave the green light for their own project."

Shen Hui then forwarded the Weibo to his personal social platform, with a caption saying: "Weimar did encounter some difficulties in the past year due to the objective impact of the epidemic and market environment." We are adjusting through a series of measures to reduce costs and increase efficiency, to ensure the resumption of work and production, and to ensure the experience of end users. Learn from the bitter experience before you can pack up and start again! Thank you for your concern, and please do not believe the rumors and wait for our good news. "

It should be noted that in order to save itself, Weimar has to solve the financial problem through listing. On January 12 this year, Weimar announced: "Apollo Smart Travel Holdings Limited (stock code: 860 on the Hong Kong Stock Exchange) has reached a conditional sale and purchase agreement with Weima Group, and it is proposed that the total amount of the placing shares will be about HK $3.918 billion and the proposed temporary financing will be about RMB 720 million. At the same time, Weimar shareholders have pledged HK $1.5 billion in standing financing. " A person close to Weimar once said: "if all goes well, Weimar is expected to complete the listing of Hong Kong shares in the second quarter of this year." According to the plan, Weimar's new financing of more than 2 billion yuan was originally scheduled to arrive in February, but as of February 15, the financing has not yet arrived, which is one of the reasons that Weimar has once again fallen into a cash crunch.

Tianyan check information shows that since its inception, Weima Motor has received a total of 12 rounds of financing, and the financing scale of the announced quota has reached 35 billion yuan. investors, including Shanghai State-owned Investment platform, SAIC Group, Tencent Investment, Baidu, Sequoia Capital China, Hongta Group and so on, are one of the car companies with the most financing among the new forces of car building.

"Natural selection, survival of the fittest" is the natural law of development. The future development of Weima Motor is still uncertain, but everyone is still waiting for what Shen Hui called "good news." "the smart electric car track is a protracted war, and we believe that through a series of painful optimizations and changes, Weimar will be able to overcome the siege," Weimar said in the statement.

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