AutoBeta(AutoBeta.net)07/23 Report--

Tianyan check information shows that a new equity freeze information has been added to Chinese American Express Holdings (Shanghai) Co., Ltd. the equity is executed by China American Express (Jiangsu) Technology Co., Ltd., the amount of which is 300 million yuan. the freeze period is 1094 days from July 15, 2024 to July 14, 2027, and the enforcement court is the Shanghai No. 1 Intermediate people's Court. As of press time, the authorities have not disclosed the specific reasons why the shares were frozen.

Chinese American Express Holdings (Shanghai) Co., Ltd. was established in February 2019, the legal representative is Ding Lei, the registered capital is 253.112387 million yuan, the paid-in capital is 252.0353 million yuan, the company is wholly owned by Chinese American Express Investment Co., Ltd. At present, the company has a total of 14 shares frozen information, all of which were frozen in 2024. At the same time, the company also has a number of court announcements, 2 restriction orders for consumption, 4 for the person to be executed, with a total amount of 992600 yuan.

And Chinese American Express (Jiangsu) Technology Co., Ltd. was established in September 2017, the legal representative is Ding Lei, registered capital and paid-in capital are 1 billion yuan, is an enterprise mainly engaged in research and experimental development. The company is jointly owned by Chinese American Express (Shanghai) Co., Ltd. and Jiangsu Yueda Automobile Group Co., Ltd., with the former accounting for 80% and the latter accounting for 20%.

There are also a number of lawsuits in China Express (Jiangsu) Technology Co., Ltd., among which, there are 132 court announcements, most of which are sales contract disputes and service contract disputes; 2 cases are executed, the total amount of execution is 805700 yuan; equity is frozen to 25, all were frozen in 2024.

Data show that Chinese American Express is the parent company of Gaohe Motors. The former was founded by Ding Lei in 2017, with smart cars, smart transportation and smart city "Sanzhi" as its strategic layout. It is an innovative travel technology company focused on the future intelligent transportation industry, while the latter focuses on the luxury intelligent pure electricity brand, founded in July 2019 and founded by Ding Lei.

Compared with Wei Xiaoli, Haohe Automobile, which is also a new power brand, does not have much sense of existence, on the one hand, its brand awareness is not high, on the other hand, the product price is higher. Gaohe currently sells three models, including the HIPHI X, HiPhi Z and HiPhi Y. retail data show that Gaohe sold 4829 vehicles in 2023 and only 272 from January to February this year.

At present, Gaohe cars are chicken feathers all over the place. On February 18 this year, Gaohe announced that it would stop production for six months. since then, Gaohe has carried out active self-rescue. Ding Lei showed up at the headquarters in Shanghai and took the initiative to apologize to employees and owners of Gaohe cars. and pointed out that Gaohe car turnaround window period of up to three months, will actively strive for, do not want to end here. During this period, the market has heard the news that a number of car companies want to buy Gaohe Automobile, including Changan Automobile's high-end brand Avita Technology, FAW Group, Lifan Technology, etc., but these news have not been officially confirmed. Since the shutdown of Gaohe, both Chinese American Express and Ding Lei have been restricted to high consumption.

At present, Gaohe Automobile urgently needs the "rescue" of external funds. On May 16th, Gaohe parent company, Chinese Express, formally signed a comprehensive strategic cooperation agreement with iAuto Group. IAuto plans to invest more than US $1 billion to support the resumption of business operations and vehicle production. The agreement will complete the transaction before the financial report is released in the first half of 2024. The next day, Chinese Express, the parent company of Gaohe Motor, issued a notice on the working group during the company's restructuring and decided to set up a restructuring working group and a joint operation working group.

Today, Gaohe is still facing serious survival problems, and there is no clear way to save itself. The freezing of 300 million shares in Chinese American Express is undoubtedly adding to the plight of Haohe.

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