AutoBeta(AutoBeta.net)11/10 Report--

A piece of information about the person to be executed once again pulled Weimar back into public view. Tianyan check information shows that Weima Automobile Manufacturing Wenzhou Co., Ltd. added a piece of information about the person subject to execution, which is more than 1.247 billion yuan, involving financial loan contract disputes, and the enforcement court is the Shanghai Financial Court.

Data show that Weima Automobile Manufacturing Wenzhou Co., Ltd. was established in May 2016, mainly engaged in the automobile manufacturing industry, the legal representative is Weima founder SHEN HUI (Shen Hui), the registered capital is 4.04 billion yuan. Equity information shows that the company is a wholly owned subsidiary of Weimar Automotive Technology Group. Risk information shows that at present, there are seven unfulfilled persons in Weima Automobile Manufacturing Wenzhou Co., Ltd., with a failure rate of 100%. In 21 final cases, the total amount of execution is 106 million yuan, the total amount of non-performance is 106 million yuan, and the proportion of non-performance is 99.9%. In addition, the company also faces consumption restrictions and equity freezes.

On January 2 this year, Weima Automobile Manufacturing Wenzhou Co., Ltd. applied for bankruptcy review, and the handling court was the Shanghai No. 3 Intermediate people's Court; on the same day, Weima Automobile Technology Group Co., Ltd. filed for bankruptcy, and the handling court was the Shanghai No. 3 Intermediate people's Court. It is understood that Weima Automotive Technology Group Co., Ltd. is the operating entity company of Weima Automobile. Weima Automobile has previously responded that Weima Automobile Technology Group Co., Ltd. has not filed for bankruptcy, but is undergoing pre-restructuring. try to achieve transformation by restructuring debt to introduce strategic investors.

As one of the early new car-building brands in China, Weimar has almost no sense of existence in the car market. Although it has not given up saving itself and has made it clear that it "will not lie flat, let alone fall down," it is already struggling on the line of life and death. At present, the last update on Weima's official Weibo remains on January 3 this year, and there has been no update since then. The last piece of information is that the Shanghai No. 3 Intermediate people's Court accepted the pre-reorganization application of Weima Group on October 7, 2023. Weimar said that during the pre-restructuring period, Weima Group has completed audit evaluation, claims declaration, asset verification and other work, and contacted a number of prospective investors to achieve preliminary results. In view of this, Weima Group formally submitted its application for pre-reorganization and reorganization to the Shanghai No. 3 Intermediate people's Court on December 13, 2023. On December 29, 2023, the third Intermediate Court of Shanghai ruled to accept it. The Civil order was delivered to Weimar Group on January 2, 2024.

People in the industry believe that in addition to the poor cash flow and weak hematopoietic ability, the more important thing is that Weima does not have a competitive advantage in products, marketing, channels and so on. The future development of Weimar is still full of uncertainty. It is worth mentioning that behind the terrible situation of Weima Motors, a number of new car-making forces with low voice are collectively weak, including Singularity Motor, Aichi Automobile, Skyline Automobile, Evergrande Motor, and so on. With the intensification of the knockout stage of new energy vehicle enterprises, car companies that lack product advantages and technical barriers may face greater survival challenges. For Weimar, even if its bankruptcy restructuring is successful, it will face many problems, including difficult to fill the capital hole, lack of core technology, how to regain consumer confidence and so on.

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