AutoBeta(AutoBeta.net)08/24 Report--

According to the National Enterprise bankruptcy reorganization case Information Network, the Xiangcheng District people's Court issued a civil ruling No. 36 of Su 0507 Breaking Shen 36, and ruled to accept the bankruptcy liquidation of Singularity Automobile Research and Development Center Co., Ltd. (hereinafter referred to as "Singularity Company"). On the same day, the Xiangcheng District people's Court made a (2023) Su 0507 decision No. 35. After investigation, it is confirmed that there are 30 employee claims in Singularity Company, and the total amount of employee claims is 6.013 million yuan.

Earlier, the Anhui Tongling Intermediate people's Court accepted the bankruptcy liquidation case of Anhui Singularity Intelligent New Energy vehicle Co., Ltd. on June 26 and appointed Tongling Jinjian Accounting firm as its administrator on June 30. According to the announcement, the court is scheduled to hold its first creditors' meeting on October 10, 2023.

It is understood that Singularity Automobile R & D Center Co., Ltd. is a wholly-owned subsidiary of Anhui Singularity Intelligent New Energy vehicle Co., Ltd., established in June 2018, is mainly responsible for the research and development of new energy vehicle products and self-driving technology. Anhui Singularity Intelligent New Energy vehicle Co., Ltd. is the holding subsidiary of Smart car Youxing Technology (Shanghai) Co., Ltd., established in October 2016, is mainly responsible for the production and manufacture of new energy vehicles. The two companies of Singularity have been filed for bankruptcy liquidation, which may indicate that Singularity has lost the possibility of development.

Who would have thought that Singularity cars also have highlights. In terms of time, Singularity Motor and NIO and Xiaopeng Motor were established at the same time, it can be said to be standing on the same starting line, and compared with "Wei Xiaoli", Singularity Automobile also released its first mass production model and self-driving plan earlier, becoming a star car company both inside and outside the industry. In the subsequent development, Singularity Motor has received a total of more than 17 billion yuan in financing.

However, Singularity, which seems to hold a good hand, has always failed to achieve mass production of automotive products. It is understood that Singularity spent a total of 28 billion yuan to build factories in Tongling, Jiangsu, and Zhuzhou, Hunan. At the same time, it also built R & D centers in Beijing, Shanghai, Tongling in Anhui, Silicon Valley in the United States, and Yudu Palace in Japan, but after a meal of operation, Singularity was still parked in the "PPT" phase.

Starting from 2018, Singularity began to go downhill, with new cars delayed to mass production on the one hand and capital problems on the other, resulting in wage arrears. Of course, Singularity Automobile also thought about saving itself and planned to seek funds through Science and Technology Innovation Board's listing financing, but in the end there was no news.

Today, under the influence of factors such as the delayed mass production of new cars and long-term arrears of employees' wages, most of Singularity's employees choose to leave, and Singularity has become a company with all kinds of legal risks. It is worth mentioning that the official website of Singularity Automobile can be browsed normally, and the overall design style is not like a company facing bankruptcy or bankruptcy. Of course, the news about Singularity remained three years ago.

As a singularity car CEO, Shen Haiyin has also become much more silent. At present, Shen Haiyin's Weibo stays on June 25, 2020, which means it has been suspended for as long as three years, and many netizens have asked questions below.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat