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

Recently, it has spread on the Internet that Huatai Automobile owes wages, employees collectively ask for an explanation, and so on. And according to related reports, production bases in Shandong Rongcheng, Ordos and Tianjin have all stopped production.

When it comes to Huatai car, it is really good. Huatai Automobile Group was founded in 2000. By the end of 2018, it has total assets of 54.5 billion yuan and nearly 10,000 employees. It is also the earliest company to launch SUV models in China, with a number of models under its control. It has four major R & D centers in the world, including Munich, Germany, and three core production bases.

Huatai Automobile has profound technology accumulation in the core technology of new energy. Since 2009, Huatai has invested heavily in the research and development of new energy vehicle technology, and regards new energy as the group's strategic business. Huatai Motors is ahead of many car companies in new energy models.

But all this can only be called "the past". In fact, since 2018, China's auto market has ushered in a cold winter, and then entered the reshuffle stage and opened the elimination mode, while Huatai Motor is defenseless in this storm, in addition to the slow pace of product renewal and declining sales, it has been exposed that many negative news, such as equity pledge, land circle money, sales fraud, wage arrears and so on, seems to be on the brink of bankruptcy.

In fact, as early as January this year, there was a "help letter" from Huatai Automobile's internal employees, which said that Huatai Automobile had not paid its wages on time for several months in a row, and owed millions of wages to grass-roots employees. In addition, the provident fund and social security are not paid in accordance with the actual wages, but in accordance with the minimum wage in Beijing. This incident pushed Huatai Motor directly to the forefront of the wind and waves.

Today, banners for debt repayment are pulled on the street, and small-print posters are posted on the door of the chairman's office. Huatai still has no intention of paying back the money. The reason is very simple, why to give money to employees when they do not start work.

Earlier, the media reported that the three major production bases of Huatai Automobile have also stopped production. Shandong Rongcheng Factory is the starting point of Huatai Automobile, and now the whole factory is silent and covered with dust; Tianjin Huatai New Energy production Base has been in a state of "semi-shutdown" since the second half of 2018, and is now without power or water; as for the Ordos factory in the west, there are only two security guards left.

According to the data, Huatai sold only 119900 cars in 2018, 40% less than expected and 9% lower than the same period last year. It sold 34400 units from January to May and 3885 units in May, down 49.37% from the same period last year, with car sales falling off the cliff. What is more serious is that behind the decline in sales, Huatai's dealers are also in a mess, withdrawing from the net and closing down, and some cities do not even have 4S stores.

In addition, the current situation of Huatai Automobile feels like it has not been supported for a long time, but in 2018, Huatai Automobile Chairman Zhang Xiugen ranked 137th on the Forbes China Rich list with a fortune of 13.8 billion yuan. In 2017, Zhang Xiugen's wealth was only 8.51 billion yuan, ranking 254th, an increase of 62.2% in only one year.

On July 6 this year, real estate developer Guangzhou R & F Group and Huatai Automobile Group jointly held a press conference at Hotel Renaissance in Beijing. Announced that the two sides formally reached a strategic cooperation-R & F Group to participate in Huatai Automobile, hand in hand to develop new energy vehicle industry.

But the matter did not show much on the Internet, and R & F also tried its best to avoid it. At the signing ceremony, R & F only sent a deputy general manager of the department that the vice president could not reach. According to Huatai insiders, this is a way to attract investment, and people don't want it at all. Perhaps Huatai this state seems to have no intention to build a car, hoping to achieve revenue through "other" ways.

Now the three major bases stop production, employees unpaid wages and other signs that Huatai Motor is in a very difficult situation, including terminal sales have also been stagnant. In this situation, how long Huatai Motor can last is still unknown.

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