AutoBeta(AutoBeta.net)07/24 Report--

On July 23, Tianyan check information showed that Huatai Automobile Group Co., Ltd. (hereinafter referred to as "Huatai Automobile") added a piece of information about the person subject to execution, with an execution target of more than 842 million yuan. the person being executed also includes Inner Mongolia Ouyide engine Co., Ltd., Huaoude Transmission Co., Ltd., and Huatai Automobile actual controller Zhang Xiujian, and the execution court is the Intermediate people's Court of Jinzhou City, Liaoning Province.

Tianyan check information shows that Huatai Automobile Group Co., Ltd. was established in May 2008, formerly known as Huatai Automobile Co., Ltd., with a registered capital of 300 million yuan, the legal representative is Miao Xiaolong, and the registered capital is 300 million yuan. Is an enterprise mainly engaged in the automobile manufacturing industry. Equity information shows that the company is jointly owned by Zhang Xiugen and Miao Xiaolong, of which Zhang Xiugen holds 99% of the shares.

Risk information shows that at present, Huatai Automobile Company has a number of information about the person to be executed, the consumption restriction order and the information about the person to be executed in breach of trust and the final case. Among them, Huatai Motor has 13 pieces of information about the person subject to execution, the total amount of which is 4.025 billion yuan; the consumption restriction order is 161,161; the final case is 10, the total amount of execution is 4.172 billion yuan, the total amount of non-performance is 4.172 billion yuan, the proportion of non-performance is 100%; the number of unfulfilled executors is 23, the proportion of non-performance is 100%, and the equity is frozen. At the same time, Huatai Motor also faces a number of lawsuits, the current court notice for 13.

Huatai Automobile is an independent brand car company with new energy vehicles, traditional cars and auto parts as its main business. it was established in 2000, when Zhang Xiujian acquired Shandong Rongcheng Automobile Factory from FAW Group. After changing its name to Rongcheng Huatai Automobile Co., Ltd., it began to enter the automobile industry and open its own car-making road.

Five years later, Huatai Motor signed an agreement with South Korean Hyundai Motor to obtain the domestic qualification of "Santa Fe". Standing on the shoulder of Hyundai Motor, Huatai Automobile quickly became popular in the car circle; this year, Huatai Automobile also won more than 6000 mu of land in Ordos to establish a production base at a price of 60 million yuan.

With the help of the dividend of the rapid development of the domestic automobile market and the endorsement of Hyundai Motor in South Korea, Huatai Motor has become prosperous. From 2015 to 2016, Huatai sold 71200 and 73000 cars, respectively, and by 2017, sales rose 81.64% to 132600, according to the data. The surge in sales has given Huatai confidence. At that year's auto show, Huatai set an ambitious goal of selling 200000 vehicles in 2018 and more than 500000 in 2020, and announced the launch of nearly 30 new cars in the next three years.

However, it was not long before Huatai Motor was in a deep operational crisis. According to public information, Huatai Automobile's interest-bearing debt was 26.2 billion yuan in 2016. Huatai Automobile fell into the quagmire of litigation in 2018, and the legal person was included in the list of "restricted consumers" many times. Huatai Automobile and a number of subsidiaries were included as executees and people who broke their promises. By 2019, Huatai Motor had stopped production at its four vehicle manufacturing bases in Tianjin, Shandong, Inner Mongolia and Liaoning, and faced hundreds of lawsuits with a high debt ratio while defaulting on employees' wages.

As the forerunner of new energy vehicles, the early Huatai Automobile does have a good position in the car market, but now Huatai Automobile exists in name only in the domestic automobile market, in fact, it is only an empty shell.

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