AutoBeta(AutoBeta.net)07/22 Report--

After the gradual downturn of the automobile market in 2018, car companies have entered a period of accelerated elimination, and even some car companies have begun to sell their wealth.

Ideal acquisition Lifan, Weima acquisition of Dalian Huanghai, Boqun Xiali to establish a joint venture, Aichi Motor acquisition of 50% stake in Jiangling Motor to become the largest shareholder. There is another enterprise that even the new forces of car building do not want to ask, and that is Huatai Motor.

Today, some netizens exposed that Huatai Automobile Chairman Zhang Hongliang left the office in a hurry after a small poster saying "pay me back" was posted at the door of Huatai Automobile Chairman's office.

According to data, Zhang Xiugen founded Huatai Automobile in 2000 and was on the Forbes China Rich list in only five years. In 2018, he ranked among the 138th richest people in Forbes China with a fortune of 13.8 billion yuan, while Zhang Xiugen was worth only 8.5 billion yuan in 2017, an increase of 62.2% in just one year.

But Zhang Xiugen's sudden wealth seems to have nothing to do with Huatai Motors. In early 2018, there were rumors that Huatai Motors owed employees wages, and Huatai Automobile was sued by employees.

Now, a year later, banners for debt repayment are all over the street. Huatai's corridors are crowded with wage-demanding employees, and long banners are posted in front of the 4S store, even in front of the chairman's office. Huatai still has no intention of paying back the money. Insiders said that some of Huatai's senior staff have the problem of unpaid wages, not to mention the bottom employees.

A few months ago, the media revealed that Huatai Automobile's three major production bases, including the Rongcheng plant in Shandong, the Huatai new energy plant in Tianjin and the Ordos plant, are overgrown with weeds and dusty areas.

In this case, Huatai 4S stores are still very popular. According to the mid-term association, the sales of Santa Fe electric cars reached 16000 in 2018, and even 2000 vehicles were sold from January to February this year. According to the Ministry of Industry and Information Technology, the total production of Huatai Automobile in 2018 is only 2148. Are the other cars sold in stock?

On July 6, R & F Group and Huatai Automobile held a press conference in Beijing to announce a partnership with Huatai Automobile-R & F Group took a stake in Huatai Automobile and developed new energy vehicles. There is not much information about the matter online. According to Huatai Motors, R & F Group does not want to buy a stake in Huatai Motors and is trying to avoid it, which may be a cover to attract investment.

It has to be said that Huatai Automobile is not an auto company that makes profits by relationships, but more like a financial company moving around in the capital market.

In planning the production base in Ordos, Huatai Motor obtained more than 6000 mu of land in Ordos, 1 billion yuan in government loans and two coal mines at a low price on the grounds that Traka and Santa Fe were produced in the local city. Then Huatai transferred two coal mines and made a direct profit of 700 million yuan. The local government intends to recover 6000 mu of land, and Huatai Motor has proposed a settlement fee of nearly 3.358 billion yuan. In 2017, the Ordos Land Bureau took Huatai Motor to court.

In 2019, Huatai Automobile was fined 1 million yuan by Tianjin Banking and Insurance Supervision Bureau for two violations of actual performance without qualification approval and "three checks" of inventory financing loans.

Tianyan investigation shows that Huatai Automobile has now had more than 8000 risk tips, and Zhang Xiugen is no longer a company legal person. He has long been cut off from Huatai Automobile. The current legal person, Miao Xiaolong, is Zhang Xiugen's uncle and is currently on the bad faith list. From this, Huatai Motor is still a family business.

Even in this case, Huatai Motor is still looking for ways to revive itself through backdoor.

In January 2017, dawning Group signed an agreement with Huatai Automobile to transfer 19.77% of the shares held by dawning Group to Huatai Motor, and the remaining 1.5% of the voting rights to Huatai Motor. After the completion of the transaction, the actual controller of dawning will be transformed from dawning Group to Huatai Automobile.

But until today, Huatai Automobile backdoor listing has not been realized due to various reasons. Advocate new energy, set up factories in many places, cooperate with local governments, take land policy, repeated pledge of fixed assets, backdoor listing. Huatai Automobile perfectly deduces the development process of new energy vehicles and sets a benchmark for the new forces of car building. However, will Huatai Motor let go of what it gets to the unpaid employees and the cheated government?

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