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According to the China Executive Information publicity Network, Aichi Automobile Co., Ltd. added information about the person subject to execution, with the execution target of 18.3338 million yuan, and the enforcement court is the Nanchang County people's Court.

Aichi, founded in 2017 by Fu Qiang, who once held important positions in FAW-Volkswagen, SAIC Volkswagen Skoda, Beijing Mercedes-Benz and Volvo, is headquartered in Shanghai Changyang Valley Creative Industrial Park and its production base is located in Shangrao City, Jiangxi Province. Aichi was one of the first new power companies in China to achieve mass delivery, and it obtained a production license by spending a lot of money to acquire Jiangling Holdings. "almost no second new power can do it," said Gufeng, then CEO of Aichi.

Unlike other new powers, Aichi's development focuses on overseas markets. According to public data, from 2017 to 2020, Aichi set up an electric sports car research and development center and factory in Germany, as well as an overseas division and an European sales company in Munich.

In December 2019, Aichi U5, the first volume production car, was officially put on the market, with a price of 19.79-292100 yuan. At that time, the annual delivery volume of NIO, Xiaopeng, Weima and other new power enterprises all broke through the 20,000-plus mark, while Aichi delivered only more than 1,000 cars, and with the impact of the global epidemic, Aichi, whose sales remained depressed, also fell into an operational crisis, and its sense of existence in the public vision was getting weaker and weaker, so it had to look for the next "life-saving money." Until 2022, Chen Xuanlin entered with his wide and micro holdings.

In January 2022, Aichi welcomed a new round of financing from Chen Xuanlin and his Dongbai Group, with a financing amount of hundreds of millions of dollars. With the financing in place, the management of Aichi Automobile has undergone a "big change". Founder Fu Qiang will no longer serve as legal representative and chairman, and Chen Xuanlin will take over. Under the leadership of Chen Xuanlin, Aichi began to try to solve the problem of financial shortage through backdoor listing. However, Chen Xuanlin announced his "abdication" after less than half a year as chairman, and was replaced by Zhang Yang, a former member of Aichi's board of directors.

Chen Xuanlin's own situation may spread to the development of the company, which not only makes Aichi fall into business difficulties again. In November 2022, the online announcement showed that "due to Chen Xuanlin's personal reasons, there was uncertainty in the operation and management of the financing side, and the principal and interest of some products were not paid on time." In early 2023, many distribution stores under Zhejiang Zhongtong holding Group, the largest automobile distribution group in Taizhou, Zhejiang, were closed, the wages of employees could not be settled, and users could not be solved after sale, while Chen Xuanlin was the actual control of Zhongtong holding Group.

After entering 2023, the operating condition of Aichi car is not optimistic, production and sales are basically stagnant, wages are delayed for many months, employees are required to pay social security provident fund on their own, and Shanghai headquarters is forced to surrender their rents because they fail to pay rents on time. In addition, a number of Aichi official App sections have been emptied a few days ago, including maintenance service packages, vehicle lifetime warranty rights, discharge guns and other services have been unable to use normally.

In fact, in order to solve the funding problem, Aichi is also considering going to the United States to raise funds for listing. On September 16, 2022, Huaxia Burson, an education and training company, announced that it had reached a non-binding cooperation intention with Aiways Holdings Limited, a car operator, to acquire all the outstanding shares of Aichi. According to the terms of the letter of intent, the total valuation of Aichi ranges from US $5 billion to US $6 billion. Upon completion of the acquisition, all shares of Aichi will be converted into common shares of the listed company. However, due to the thunder of the investment agency where Aichi Chairman Chen Xuanlin works, the situation of overdue non-payment and the reverse backdoor listing plan have not come to an end. So far, there has been no following.

On July 21, Aichi issued a notice on the appointment of the company's CEO and CFO. Aichi Automobile said that Zhu Xiaohua was appointed as the CEO of the company, responsible for the daily operation and management of the company, the appointment date is from July 18, 2023, and Tang Meiyu is appointed as the company's financial director, responsible for the financial management of the company, the appointment date is from July 18, 2023.

At the same time, Aichi Auto employees also received a notice on the establishment of an interim working group on shareholder governance sent by the Human Resources Department. The "notice" shows that in order to promote the healthy development of the company, rectify the company's business operations, and resume daily operation, the company's shareholders' meeting approved the establishment of a temporary working group on shareholder governance, with Zhu Xiaohua and Fu Qiang as the leaders of the interim working group on shareholder governance, responsible for the operation and management of the company. In addition, Aichi will set up working groups such as the work resumption group, the R & D group, the overseas group, the domestic sales group, the fuse financing group, the IT group, the personnel group, the finance group, the legal group, and the general affairs group.

Since the beginning of 2023, with the increasingly fierce market competition brought about by the price war and the frequent problems of the capital chain caused by poor financing, a number of car start-ups have been in operational difficulties, and life has become more and more difficult for even traditional carmakers. In July, GAC-Mitsubishi was exposed that due to the impact of market transformation, sales fell far short of expectations and operation was in trouble. The company's management and stock Dongfang decided to temporarily stop production in June and optimize the personnel structure.

Compared with these well-off traditional brands, the new car-building forces that have not yet achieved hematopoiesis are undoubtedly facing greater danger. At present, among the new power car companies that have been listed, only ideal cars are profitable, while other brands still rely on external support. A few days ago, Xiaopeng and Volkswagen announced their cooperation, and the cooperation between Zero and FAW-Volkswagen Jetta is also surging undercurrent, leaving little time for new second-line car-building forces.

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