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2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >
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AutoBeta(AutoBeta.net)03/29 Report--
Weimar, which "lives like an animal", is still besieged on all sides.
According to the information of "Automotive Industry concern", Weima Automotive Technology Group Co., Ltd. added a piece of equity freeze information. The equity was executed by Weima Automobile Manufacturing Wenzhou Co., Ltd., and the frozen equity amount was as high as 4.04 billion RMB. The freeze period is from March 14, 2023 to March 13, 2026. The executive court is the Shanghai Financial Court.
It should be noted that the word "holding insurance" is written in the document number of the implementation notice of the above-mentioned freezing of equity. "Court protection" means property preservation (refers to the compulsory measures taken by the court to restrict the disposition of the parties to the property or the subject matter of the dispute in order to ensure that the future effective judgment can be enforced or avoid the loss of property before or after the parties sue).
Weima Automotive Technology Group Co., Ltd. is located in Shanghai, established in May 2012, is a company mainly engaged in automobile manufacturing, the legal representative is Weima founder SHEN HUI (Shen Hui), registered capital of 6 billion yuan, wholly owned by Suzhou Weima Wisdom Travel Technology Co., Ltd. As for Weima Automobile Manufacturing Wenzhou Co., Ltd. was established in May 2016, mainly engaged in the automobile manufacturing industry, the legal representative is also SHEN HUI, the registered capital is exactly 4.04 billion yuan, the company is a wholly-owned subsidiary of Weima Automotive Technology Group.
Contrary to the equity freeze, Weimar is forming a new company. On March 10th, Zhengweima Automotive Technology (Shanghai) Co., Ltd. was established with Peng Wenjun as its legal representative and registered capital of 1 billion yuan. The equity penetration map shows that the company is jointly owned by Shenzhen Zhengwei Energy Holdings Co., Ltd., and Weima Automotive Technology Group Co., Ltd., with a shareholding ratio of 55:45.
In fact, however, Weimar's life has not been very easy since 2023. The industry believes that Weimar is plagued by a series of negative news is caused by its tight capital chain.
At the beginning of the year, Weima announced that it had received a new round of financing of about 2.01 billion yuan. on the same day, Shen Hui, founder, chairman and CEO of Weima Automobile, posted on his personal social platform a clip intercepted from the classic film "Furong Town", in which "Live, Live like an Animal" attracted a great deal of attention, and it was believed that this meaningful Weibo may represent the current situation of Weima Automobile. At the same time, a new round of financing means that the "bleeding" Weimar has a new turn for the better.
However, the ideal is very plump, the reality is very bony. Originally, the new financing was scheduled to arrive in February, but as of February 15, the financing had not yet arrived, causing Weima to be mired in a tight capital chain. Negative news such as suspension of pay, factory shutdowns, store closures, arrears of rent and property fees in the headquarters building also appeared one after another in the public eye. In the face of the ensuing negative news, the voice of "Weimar is dying" is also popular in the industry.
On the 7th, Weimar announced that it was "going all out to resume work and production". Weima said: "up to now, in view of the after-sales inconvenience of some users caused by the tension in the supply chain, Weima, with the support of relevant government units, has contacted production departments, distribution departments, after-sales spare parts outsourcing storage and distribution companies, and urgently allocated relevant spare parts to meet user needs as soon as possible. In the near future, more than 100 dealers and stores across the country will gradually resume normal services to solve all kinds of car purchase and use problems for users. "
This is the "good news" released after the shutdown of the Weima automobile factory for several months, but it is generally believed in the industry that this "good news" is mainly a "warning" issued by the Qingpu District Consumer Protection Commission. Weima Motor or abnormal operation, consumers are cautious to buy | consumption Tips "response to the news, at the same time, although Weima Automobile after-sales service situation has improved, but to fully restore the vehicle maintenance business, it is extremely difficult.
As early as the end of last year, it was revealed that Weimar was unable to pay the supplier due to a tight capital chain, resulting in a cut-off of core parts and forced the factory to stop production, while the cut-off of parts also affected after-sales maintenance. However, according to the latest news, the above-mentioned new round of financing has arrived, and this fund will be the only hope for Weimar to settle the arrears of suppliers, restore the supply of parts and fulfill the promise of after-sales service to resume work and production in the near future.
Weima Motor was founded in 2015 by Shen Hui, former vice president of Geely Holdings Group. It is headquartered in Shanghai and has two manufacturing bases and independent qualifications. In addition, according to Tianyan investigation, 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, which is one of the car companies with the largest financing among the new car-building powers. nevertheless, Weima Automobile is still stuck in financial difficulties. According to the prospectus, Weimar realized net losses of 4.145 billion yuan, 5.084 billion yuan and 8.206 billion yuan respectively from 2019 to 2021, with a cumulative loss of 17.435 billion yuan over three years. During the period from 2019 to 2021, Weima sold 78888 vehicles, less than 80, 000 vehicles.
Looking back on the development process of Weima, in fact, compared with the current mainstream "Wei Xiaoli", it can be said to have strong teachers, once as famous as "Wei Xiaoli", but now the Weima car has fallen, and we have no way to know how to go in the future, but the highlight moment of Weima car is gone forever, and the Weima car, which is "living like an animal", is tight financially. The weak competitiveness of its products in the car market and facing a number of lawsuits are also problems that Weima Motor urgently needs to solve.
Tianyan investigation shows that Dell (China) Co., Ltd. and Weima Automotive Technology Group Co., Ltd., Suzhou Weima Wisdom Travel Technology Co., Ltd., the cause of the case is a sale contract dispute, the plaintiff is Dell, the case will be heard in Xiamen Huli District people's Court on April 18.
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