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Due to the great difficulties encountered in the business process, Junma Motor, which has just been established for two years, has been almost unsustainable, the news of dissolution and bankruptcy has been frequently reported, and Junma dealers have also protected their rights for many times, and the after-sales problems of many car owners can not be guaranteed. Zhejiang Zhongtai Automobile sales Co., Ltd. issued a statement promising to solve the after-sales service problem of Junma Automobile, according to media reports.

On October 24, Zhongtai issued a note saying: since the establishment of Changsha Junma Automobile sales Co., Ltd., due to the severe market environment and its own poor response, Junma sales has encountered great difficulties in the process of operation. Zhejiang Zhongtai Automobile sales Co., Ltd., as a stock sold by Junma, in the spirit of being responsible to the society and customers, is actively coordinating various resources to assist Junma sales to solve after-sales service problems, focusing on related accessories, claims, technical support and service issues. Zhongtai also promised that the after-sales solution would be announced in the near future.

It is reported that on October 23, 61 Junma car dealers across the country gathered Zhejiang Zhongtai Automobile sales Co., Ltd. again to negotiate again on withdrawing from the network. The main demand of the dealer is, 1. The settlement of the related expenses of the back-net dealers; 2. For the inspection of the relevant business policies related to the intention to transfer from Junma to Zhongtai dealers and the settlement of unpaid fees; 3. Zhongtai promised to implement Junma's after-sales policy of "7 years or 150000 kilometers". To ensure the supply of Junma automobile maintenance accessories.

Junma Motor, founded in June 2017, is one of the independent brands of Zhongtai Automobile Group. Junma has also become a path for Zhongtai to explore and open up the brand. However, with the existence of the brand for only two years, Junma has been unable to continue to operate, which is a great blow to the huge dealers and car owners who buy Junma cars.

Problems such as the changing environment of the industry, poor management and the lack of national six models have led to Junma almost abandoned. According to media news, the factories of Changsha and Xiangyang of Junma have been shut down one after another. So far, I can't open it when I click on the official website of Junma Motor.

In September this year, the internal employees of Changsha Junma Automobile sales Co., Ltd. revealed that Junma Automobile has gone bankrupt, all senior personnel have left, and the dealers are unmanaged, while the wages owed by the company's employees have not yet been implemented, and the incident of employees' salary and rights protection has occurred again. At present, the Junma Xiangyang production base has been completely dissolved.

Zhongtai, as the parent company of Junma Motor, is also in operational difficulties. Zhongtai auto sales figures show that only 10, 000 vehicles were sold in September, down 33% from a year earlier. The cumulative sales from January to September were 134600, down 32% from a year earlier. What dealt a bigger blow to Zhongtai was that the company changed from profit to loss, and Zhongtai Automobile lost 290 million yuan in the first half of 2019. In addition, Zhongtai New Energy vehicles were sued for failing to pay the payment to the supplier Shenzhen Bic Power Battery Co., Ltd., resulting in a claim of 621 million yuan.

Zhongtai, which is in crisis, has received a number of loans to "replenish blood". In August this year, Zhongtai revealed that led by Zheshang Bank, Bank of China, Construction Bank and Yongkang Agricultural Merchants Bank would jointly issue 3 billion yuan in loans to Zhongtai Motor as a rescue fund to resume production in stages. On September 11, Zhongtai Motor disclosed that it applied for a trust loan of 200 million yuan from Shanxi Trust Co., Ltd.

The fall of Junma is only one side of the survival of the fittest in the current downturn in the automotive industry. Industry insiders believe that no matter how large the Chinese market is, there is no room for hundreds of complete car factories, and now both independent, joint venture and foreign-funded car companies are facing the market test, and this round of market elimination is fair, in this context, car companies without brands, core technology and capital will collapse one after another.

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