AutoBeta(AutoBeta.net)08/25 Report--

According to the National Enterprise bankruptcy reorganization case Information Network, Tianji Automobile (Changsha) Group Co., Ltd. was applied for liquidation, the applicant was Shen Yuqing, and the handling court was the Yuelu District people's Court of Changsha City.

Speaking of Skyline cars, Jia Yueting has to be mentioned. At that time, after Jia Yueting decided to join the car-building field, he set up three car companies, namely, Letv Automobile, Faraday Future, and Electric Cafe, which was the predecessor of Skyline Automobile, but compared with Letv Automobile and Faraday Future, electric coffee cars appear to be a lot of low-key. After two years of polishing, the electric coffee car launched the electric coffee EV10 in November 2017. after the subsidy, it costs about 598-67800 yuan, and the NEDC has a mileage of 155km, which is manufactured by Southeast Automobile.

Looking at the new power brands of the same period, electric coffee cars can definitely be regarded as one of the earliest companies to start delivery. However, with Leeco's capital chain broken and Jia Yueting leaving the United States, leaving the word "return to China next week", the then head Zhang Hailiang was forced to lead a group of executives to run away from Letv, using electric coffee as the carrier to hatch Skyline cars.

Tianji Automobile (Changsha) Group Co., Ltd. was established in September 2018, has been named "Changsha Electric Automobile parts Manufacturing Co., Ltd.", is the production and manufacturing company of Tianji Automobile. In July 2018, Zhejiang Dianca Automotive Technology Co., Ltd. released a new high-end car brand "Tianji ENOVATE". The first new car, the Skyline ME7, was unveiled in November 2018. In May 2019, Zhejiang Dianca Automotive Technology Co., Ltd. changed its name to Tianji Automotive Technology Group Co., Ltd. In July 2021, the second production car, Skyline ME5, went on sale.

Tianji Motor has two complete vehicle factories in China. The first factory is located in Shaoxing, Zhejiang Province. The project covers an area of 1000 mu, with a total investment of 5.5 billion yuan and an annual production capacity of 180000 vehicles. The second plant, located in Changsha, Hubei Province, was put into production in June 2021. It mainly produces ME5 models and has a designed annual production capacity of 60, 000 vehicles.

Skyline sales in 2021 and 2022 are 1778 and 5321, respectively, according to the Federation of passengers. The lack of vehicle delivery capacity is one of the reasons why Skyline is out of business. Poor sales, coupled with the previous over-reliance on subsidies, Skyline Motor is difficult to form a stable profit model, funding problems began to occur. In March 2019, Skyline was caught in a whirlpool of public opinion on the issue of capital chain and was rumored to be in arrears with employees' wages. Tianji Automobile clarified at that time that there was no arrears of employees' wages, and the company safeguarded the legitimate rights and interests of employees and maintained normal operation. In the first half of 2020, the tight funding chain of Skyline once again attracted media attention, and even had no choice but to start layoffs. By April 2023, Skyline had fallen into the predicament of stopping production and production.

Tianji Automotive Technology Group Co., Ltd. has been listed in the list of business anomalies by the Market Supervision Administration of Yuecheng District of Shaoxing City for failing to publish the annual report in accordance with the prescribed time limit. In the meantime, Tianji Automobile's Zhejiang Dianca Auto parts Manufacturing Co., Ltd., Tianji Automobile sales (Changsha) Co., Ltd., Tianji Automobile sales (Shaoxing) Co., Ltd., Fujian Electric Automobile Co., Ltd., Qingdao Tianji Auto parts Manufacturing Co., Ltd. are also included in the list of abnormal operations. SkyEye risk information shows that Tianji Automotive Technology Group Co., Ltd. has a number of information about the person subject to execution, with a total amount of more than 400 million yuan. in addition, the company has been listed as an executor of bad faith and has been restricted from high consumption.

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