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  The net exposed: the huge group of car dealers has submitted an application for bankruptcy reorganization.

  The net exposed: the car dealer group, a huge group, has submitted an application for "bankruptcy reorganization" on May 17 this year and is currently waiting for court approval. Subsequently, Pang Qinghua (chairman of the giant group) also confirmed this in an interview with the media, but at the same time, Pang Qinghua also stressed that the 'bankruptcy reorganization' was initiated by Jidongfeng Company, a creditor of the giant group (Beijing Jidongfeng Automobile sales and Service Co., Ltd.) and was not applied by the giant group on its own initiative. On May 14th the giant group issued an announcement called "indicative announcement on the application for restructuring by creditors". The announcement shows that due to the huge group and 20.

  Bankrupt huge 2019-06-11
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  Changfeng Automobile starts the self-rescue mode, selling or transferring its three major production bases.

  For the 2019 auto market, we have become accustomed to the news of declining sales, profit losses, layoffs, unpaid wages and even bankruptcy. Changfeng Cheetah is in such a predicament. In order to get out of the predicament, Changfeng decided to sell or transfer its three major production bases to the local government, according to an email released by Hunan Changfeng Motor. The third factory in Changsha will be acquired by Geely, the Jingmen factory will be handed over to the local government, the Chuzhou factory will be transferred, and the Yongzhou plant will resume production in March next year. In view of the current plight of Changfeng Automobile,.

  The Changfeng automobile 2019-12-26
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  Another brand new launch! BAIC Ruixiang landed at Chongqing Auto Show

  On June 12, at the 23rd Chongqing International Automobile Expo, the new car brand BAIC Ruixiang was officially launched. Who is BAIC Ruixiang? According to official introduction, BAIC Ruixiang is a vehicle manufacturer jointly built by two-level state-owned enterprises in Chongqing and Hechuan City and BAIC Group. Hechuan District takes the strategic restructuring of BAIC Yinxiang and BAIC Ruixiang new cars as an opportunity to promote the development of the automobile industry in the region. According to Tianyan check information, BAIC Group holds 25.99% of BAIC Ruixiang as the largest shareholder, Guokai Development Fund Co., Ltd. holds 12.65%, and Chongqing Yinxiang system holds 61.35% as the actual controlling shareholder. In exchange.

  BAIC Yinxiang 2021-06-12
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  China's automobile industry is merged and reorganized, and Geely officially manages Changfeng Cheetah Automobile Factory.

  Geely officially manages Changfeng Cheetah Automobile Factory

  Geely officially manages Changfeng Cheetah Automobile Factory 2020-04-27
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  Sales fell by more than 50% in 2019, and some brands may become history.

  China's car sales continued to decline in 2019, with passenger cars falling by 9.3% for the whole year, falling into negative growth for two consecutive years. In this context, 2019 is also the most difficult year for automobile companies, from scenery to downfall, from positive profits to losses, many car companies' sales plummeted to operational difficulties, and the news of stopping production and closing factories emerged one after another. the automobile industry has entered a moment of life and death. To be exact, if the industry survives the fittest, those car companies that do not have brands, core technology and capital will collapse one after another. Of the 88 car companies that can be counted in China, 58 saw a decline in sales in 2019, accounting for

  Automobile industry car sales car companies 2020-01-18
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  To solve the problem of inter-industry competition, FAW cars and FAW shares are exchanged for assets.

  The problem of peer competition between FAW car and FAW Xiali is expected to be alleviated. A few days ago, FAW car Co., Ltd. issued an announcement that according to the overall strategic layout of FAW cars and the need for major asset restructuring with China first Automobile Co., Ltd., FAW car plans to set up a wholly-owned subsidiary with its own capital of 50 million yuan, and the name of the company is tentatively designated as FAW Pentium car Co., Ltd. FAW Pentium sedan Co., Ltd., established by the latter, will undertake restructuring and purchase assets, FAW sedans purchase passenger car business, and at the same time place FAW liberation assets owned by major shareholders to achieve asset swap. FAW car.

  2019-06-25
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  BAIC Yinxiang has entered the bankruptcy reorganization process, and the recovery of the dealer's arrears is a long way off.

  Recently, the Chongqing bankruptcy court held a hearing on the selection of managers in the bankruptcy reorganization of BAIC Yinxiang and Chongqing BAIC Magic Speed Automobile sales Company. In the end, Chongqing Lida Law firm and Daxin Accounting firm (Special General Partnership) Chongqing Branch were jointly elected as the managers of the above two cases. Prior to the hearing organized by the Chongqing bankruptcy Court, it was concluded that all the assets of BAIC Yinxiang and BAIC Magic Speed were no longer enough to pay off all debts, and BAIC Yinxiang had a sound automobile manufacturing system and sufficient technical reserves. BAIC Magic Speed has a good market foundation, mature automobile distribution management system, perfect sales team and after-sales service team. Two.

  BAIC Yinxiang 2020-10-03
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  FF has submitted documents to the US Regulatory Commission and will be listed as soon as May.

  According to a number of media reports, the US electric car company FF (Faraday Future) formally submitted S4 listing documents to the US Securities Regulatory Commission. As the most important legal registration document in the listing process of US Securities Regulatory Commission, the submission mark of S4 document, FF, is expected to enter the countdown to NASDAQ in the second quarter, and the listing transaction process may be completed within May. FF expects to deliver the first batch of mass-produced electric vehicles in 2022 and more than 450000 units by 2025, according to S4 listing documents. Property Solutions Acquisitions (PSAC...

  Jia Yueting Faraday Future 2021-04-06
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  FAW Xiali asset restructuring may become a "shell company", FAW to speed up the overall listing process

  On December 8, FAW Xiali announced that its controlling shareholder, China first Automobile Co., Ltd. (hereinafter referred to as FAW Xiali), will transfer its holding stake in FAW Xiali to China Railway Materials Co., Ltd. (hereinafter referred to as China Railway Materials) free of charge. According to the announcement, all the existing assets and liabilities of FAW Xiali were placed in subsidiaries designated by the controlling shareholders of the company, and at the same time, by issuing shares to purchase assets, it purchased a controlling stake in China Railway Wusheng Science and Technology Development Co., Ltd. (hereinafter referred to as China Railway Wusheng). This transaction constitutes a major asset restructuring of the listed company. According to Qixinbao, China Railway Wusheng Technology Development Co., Ltd. was established in 2018.

  FAW Xiali FAW Group 2019-12-09
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  The huge group "wearing a star and wearing a hat" changed * ST was huge, falling to the limit on the first day of trading resumption.

  As a result of the court ruling to accept the restructuring, Giant Group shares were suspended for one day on September 6, September 9 was implemented delisting risk warning, the stock "wearing a hat" changed to * ST huge. On the first day of the resumption of trading, * ST opened a huge market, with 2.7 million running singles, which was hit into an one-word limit. As of press time, the stock fell 4.62%, 1.24 yuan per share, 4.686 million running orders, and the latest market capitalization was 8.28 billion yuan. According to previous reports, the giant group borrowed 17 million yuan from Beijing Jidongfeng in May this year, but it was eventually appealed to the court by Beijing Jidongfeng to restructure the era because it was unable to repay it within the time limit. September fifth.

  Huge 2019-09-09
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  The luxury market was the first to pick up in March as luxury car consumers were more risk-resistant.

  Compared with the overall retail ratio of domestic car companies, which fell by 40% in March this year, retail sales in the luxury market fell only 20% from the same period last year, which is obviously better than the overall market performance, which also means that under the impact of the car market downturn and the epidemic, the demand for high-end purchases of consumer upgrading has picked up more quickly than the new market.

  limousine 2020-04-12
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  Cyrus SF5 became a top performer as soon as it was bought. Officials responded that there was a discount for buying a new car.

  On December 23rd, Huawei released the first model of the new high-end electric car brand AITO, the M5. In previous AITO brand information releases, Huawei emphasized the AITO brand positioning and M5 model information, and did not mention the fate of the SF5, another cooperative model between Huawei and Cyrus.

  Cyrus SF5 may be the last singer. 2022-01-04
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  Luxury car sales ranked in October, Red Flag H9 was on the list for two months in a row.

  ​ is superimposed by the market recovery in the traditional peak season of September / October, coupled with the continuation of the domestic purchase boom, the luxury car market continues to maintain a strong trend. Luxury car retail sales rose 30% year-on-year in October, according to the federation of passengers. But it is worth noting that in such a growing environment, the best-selling models of various luxury brands showed some signs of decline in October.

  Luxury car 2020-11-11
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  Cyrus SF5 was questioned to stop production, and the official wrote a letter to respond.

  In response to the Selis SF5 "shutdown" scandal, Selis said that due to the listing of AITO M5, the company temporarily closed the booking channel of Selis SF5. "SF5 has not stopped production and plans to restart bookings around the Spring Festival." According to previous reports, on December 23, 2021, at Huawei's flagship winter product launch, the car M5 of the AITO brand was officially unveiled. Yu Chengdong, Huawei's consumer business CEO and smart car solution BU CEO, spent more than an hour asking about the appearance, power and battery life of the M5.

  Cyrus. 2022-01-05
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  The list of luxury models was released in July, and the performance of many Audi models slowed down.

  The car market has returned to its traditional off-season performance in July, but the epidemic affected the market growth trend in July this year, with an increase of 7.7% over the same period last year, with the luxury car market growing by 30% year-on-year and down 4% from the previous month. Market share remains at an all-time high of 15%.

  Luxury car 2020-08-13
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  Huge accumulated losses of 2.071 billion yuan in the first three quarters, and a number of senior managers were resigned

  The giant group was founded on March 3, 2003. in 2010, the company was the largest car dealer in China. According to data, it has 1035 outlets in Mongolia, including 834 specialty stores, 134 car supermarkets and 69 shopping malls. However, the country's largest car dealer has now filed for bankruptcy and restructuring because it cannot afford to repay 17 million yuan of debt, with a shrinking market capitalization, a volatile company and huge profit losses. In May this year, the huge group borrowed 17 million yuan from Beijing Jidongfeng, which was finally appealed by Beijing Jidongfeng because it was unable to repay it within the time limit.

  Huge results for the first three quarters 2019-11-02
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  Jia Yueting won't accept the punishment! SFC: upholding the original verdict

  According to the information on the website of the China Securities Regulatory Commission, the applicant Jia Yueting disagreed with the administrative penalty decision ((2021) No. 16) and the market ban decision ((2021) No. 7) made by the applicant, apply to the China Securities Regulatory Commission for administrative reconsideration

  Automobile TV Network Faraday China Faraday Market Company Finance Financial Fraud penalty Investment decision profit China Securities Regulatory Commission performance 2022-05-25
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  China's car sales fell 5% in July compared with the same period last year, and the "cold winter" of the car market will continue.

  The report card of passenger car sales in China finally came out in July, ending a 12-month decline in sales due to destocking in June, but the grim situation in the car market failed to improve in July and declined again. According to July passenger car production and sales data released by the Federation of passengers, sales of narrow passenger cars in July were about 1.4854 million, down 15.9 per cent from the previous month and 5 per cent from the same period last year. Wholesale sales of narrow passenger vehicles nationwide were 1.527 million, down 2.6 per cent from the same period last year. The trend of the downturn has not been reversed. The data also showed that retail sales fell 16 per cent year-on-year in the first four weeks of July, down sharply from 5 per cent in the first four weeks of June. ...

  Passenger car data 2019-08-09