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According to media reports, hundreds of Aichi cars have been seized by the Guangxin District Court in Shangrao City, Jiangxi Province, at the production base of Aichi, a new force in car building.

It is understood that the seizure of Aichi car was due to arrears of wages to employees. Aichi began to be found to be in arrears in April 2023, and since then even social security and provident funds have required employees to pay at their own expense. Employees who advance the social security provident fund at their own expense need to change their labor contracts to Shanghai Yiwei Home Company from May 1, 2023 and transfer the money to the relevant account before May 25, 2023, and then return it later when the company is normal, the notice said.

Starting from June 2023, Aichi began to retire its employees and signed the relevant settlement confirmation, promising to settle the wages and related social security and provident fund related expenses by July 10, 2023. However, as of the time promised by Aichi, Aichi did not repay its employees for their work, so a large number of employees chose to complain to the relevant departments, but by the time the assets of the Aichi Shangrao factory were seized, the relevant problems have not been resolved.

According to the China Executive Information publicity Network, Jiangxi Yiwei Automobile Manufacturing Co., Ltd. has repeatedly refused to implement the settlement agreement for no good reason and violated the property reporting system. It is listed as the person to be executed or the person to be executed in breach of trust by the people's Court of Guangxin District, Shangrao City, Jiangxi Province. It is understood that Jiangxi Yiwei Automobile Manufacturing Co., Ltd. has 35 pieces of information about the person subject to execution, which has been executed for a total of 67.508 million yuan, 82 broken promises and 97 restrictions on consumption.

According to the data, Aichi Automobile was founded in February 2017. the legal representative is Zhang Yang, with a registered capital of about 868 million RMB. It is jointly owned by many shareholders, such as Ningbo Meishan bonded Port area Kaijiu Investment Management Co., Ltd., Huzhou Aochi Investment Partnership (Limited Partnership), Ningbo Meishan bonded Port area Mending Investment Co., Ltd., and so on.

Founded by Fu Qiang, who once held important positions in FAW-Volkswagen, SAIC Volkswagen Skoda, Beijing Mercedes-Benz and Volvo, Aichi is headquartered in Shanghai Changyang Valley Creative Industrial Park and its production base is located in Shangrao, Jiangxi Province. it was one of the first new power companies in China to achieve mass production and delivery, and it acquired the qualification to build cars independently through the acquisition of Jiangling Holdings. And access to Ningde era, DiDi and other well-known companies investment, cumulative financing of more than 10 billion.

Since the beginning of 2023, Aichi Automobile has been in production and operation difficulties. Because the capital chain is broken, Aichi Automobile employees are unable to get their wages on time, and the Creative Industry Park in Changyang Valley in Shanghai is forced to move out because of long-term rent arrears. As a result, the factory in Shangrao, Jiangxi has stopped production for a long time. Under this background, Aichi car is in arrears for a long time, and more and more suppliers take it to court, and even apply for bankruptcy.

In May this year, Hudson acquired Company I (Hudson Acquisition l Corp.) Announced that it has signed a business merger agreement with Aiways Automobile Europe GmbH, an European company that will provide electric vehicles for the European market. Aichi European shareholders will receive new HUDA common shares worth about $400m, a deal that will be completed by the end of the year, officials said. At the same time, according to domestic media reports, Aichi has no plans to stay in the Chinese market. The company already has an European headquarters in Germany and its future sales will focus on Germany, but Aichi did not respond to the news.

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