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  Denying the bankruptcy rumors, Huatai Motor issued a statement: actively take measures to reduce risks

  In response to the news that the internal notice of Ping an Bank showed that "four auto companies applied for bankruptcy to conduct supply chain risk investigation", Zhongtai Automobile, Cheetah Automobile and Lifan Motor all issued statements denying it at the first time, and the silent Huatai Motor finally responded by denying the bankruptcy rumors. Huatai Motors issued an official statement saying that the operation of Huatai Motor has been affected by the continued decline of the industry, and the company is actively taking measures to reduce risks. At the same time, dawning shares controlled by the company are operating normally, and the business is also advancing in an orderly manner at the tail. Huatai Automobile also said that the online exposure information and its derivative reports are maliciously fabricated.

  Huatai Automobile goes bankrupt 2019-10-13
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  It is exposed that four Chinese car companies have filed for bankruptcy, and the upstream and downstream supplier industry chain has 50 billion bad debts.

  Today, the net exposed an internal email from a joint-stock bank asking for an internal risk investigation on the upstream and downstream industrial chains of four car companies, as the media reported that Cheetah, Zhongtai, Huatai and Lifan would enter bankruptcy proceedings by the end of the year. The joint-stock bank made it clear in the notice that "according to media reports, Cheetah, Zhongtai, Huatai and Lifan will enter bankruptcy proceedings at the end of the year, and it is expected that the industrial chain of upstream and downstream auto parts suppliers will have a total of about 50 billion yuan of bad debts." Affected by this, the bank requires that the stock of customers involved in the above four car enterprises upstream and downstream industrial chain, should be a detailed understanding of their affected situation.

  Automobile company goes bankrupt 2019-10-09
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  Another auto parts company goes down! Covering 14 mainframe factories were forced to stop production.

  According to relevant media reports, "another auto parts company was found to be in arrears of wages." Such reports have appeared more than once recently. Recently, a photo of "Guowei Technology employees pulling banners at the gate of the factory to protest against unpaid wages" was frantically reprinted on the Internet. The report said: "Chinese auto parts supplier Guowei Technology is on the verge of bankruptcy because of asset chain problems. 5000 employees are in arrears for nearly half a year, with debts as high as 1 billion yuan. It is reported that the impact involves 14 mainframe factories being forced to stop production (including Volkswagen, Great Wall, seahorse, Southeast, Zhongtai, Geely, etc.), most of which are self-branded cars, the current government and.

  Automobile 2019-09-02
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  134 million shares of dawning shares are frozen again. How long will Huatai Motor go bankrupt?

  Dawning shares announced on the evening of November 1st, Huatai Motor and Changan International Trust, the majority shareholder Huatai Automobile and Changan International Trust due to a bond trading dispute, Huatai Motor held unlimited sales of 134 million shares of the same shares were frozen by the judicial queue. The freeze period is three years. In addition, the announcement also disclosed the current situation of Huatai Automobile, which currently involves liabilities of 2.212 billion yuan. It is worth noting that the queuing freeze is the third time Huatai Motor has been judicially frozen since June. On August 29th, Kyushu Securities applied to freeze the unlimited sale and return of 130 million shares held by Huatai Motor for a period of three years. September the second.

  Huatai Automobile dawning Co. Ltd. 2019-11-02
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  The net exposed that four car companies filed for bankruptcy: Zhongtai Automobile reported that Lifan said there was no bankruptcy plan.

  Recently, a notice on the Internet has spread that the upstream and downstream suppliers of four independent car companies, Cheetah, Zhongtai, Huatai and Lifan, have conducted risk checks. The notice was confirmed to have been issued by Ping an Bank. The email shows that the main reason for risk investigation is "according to public media reports: Cheetah, Zhongtai, Huatai and Lifan will enter bankruptcy proceedings at the end of the year." It is estimated that the industry chain involving upstream and downstream auto parts suppliers totaled about 50 billion yuan of bad debts. " In response to the matter, the car companies involved and Ping an Bank have responded. Ping an Bank responded that according to the macroeconomic situation, and industry, enterprise economy.

  Automobile company goes bankrupt 2019-10-11
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  The shares held are frozen again! Three car companies issued a clarification announcement, but Huatai Motor kept its mouth shut.

  A few days ago, an e-mail examining the risk of bankruptcy circulated on the Internet, which said that according to media reports: Cheetah, Zhongtai, Huatai and Lifan will enter bankruptcy proceedings at the end of the year, and it is estimated that the industrial chain of upstream and downstream auto parts suppliers will have a total of about 50 billion yuan of bad debts. For this news, Zhongtai Motor, Lifan Motor and Cheetah Motor have all responded to bankruptcy rumors. Zhongtai Automobile issued a clarification notice saying that at present, everything is normal in the company's production and operation, and that there is no case of insolvency entering bankruptcy proceedings, and that the relevant rumors have caused serious reputational damage to the company, and the company will reserve the right to take further measures to protect the company.

  Four car companies were exposed to go bankrupt 2019-10-11
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  Debt collection is the norm! Huatai Automobile has been sued by its suppliers for debt recovery, and its debt has reached 2.2 billion yuan.

  Zhejiang Zhuji Wanbao Machinery Co., Ltd., a wholly-owned subsidiary of Wanan Technology, submitted a civil lawsuit to the people's Court of Zhuji City on October 18, demanding Huatai Motor and its subsidiaries to pay about 13.17 million yuan, according to a notice issued by Wanan Science and Technology on November 5. At present, the people's Court of Zhuji City, Zhejiang Province has accepted the case. The announcement said that the defendant Tianjin Huatai car body continued to purchase brake assembly, vacuum booster assembly, clutch pump assembly and other auto parts from Zhuji Wanbao. Zhuji Wanbao delivered goods on time according to the order and fulfilled its contractual obligations in a timely manner. However, Tianjin Huatai car body is in arrears of payment, not in accordance with the contract.

  Huatai Automobile 2019-11-06
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  With a reshuffle of the automobile industry in 2020, these brands are facing a moment of life and death.

  2020 is a special year for the global market. due to the influence of the epidemic, the production and operation of the upper, middle and lower reaches of the automobile industry have stagnated. Although the Chinese market has become the first automobile market to recover, under the influence of such a market, there are still many car brands that finally stopped in 2020 because of poor management and become history. 1. Dongfeng Renault on April 14, 2020, both shareholders of Dongfeng Renault announced that the joint venture company had officially ceased operation. Both shareholders reorganized Dongfeng Renault, and Renault transferred its 50% stake in Dongfeng Renault to Dongfeng Automobile Group. Dongfeng Lei.

  FAW Xiali brilliance Group Dongfeng Renault 2021-01-01
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  Huatai Motor responded to bankruptcy rumors: completely false, its holding operation is normal.

  Entering the cold winter of the domestic automobile market, it is not surprising that companies have laid off staff, idle production capacity, declining sales and profits and losses. It is in this environment that an email checking the risk of bankruptcy circulated on the Internet a few days ago, causing an uproar in public opinion. An email suspected of coming from Ping an Bank said: Cheetah, Zhongtai, Huatai and Lifan will enter bankruptcy proceedings at the end of the year, and it is expected that the industrial chain of upstream and downstream auto parts suppliers will have a total of about 50 billion yuan of bad debts. The management team needs to conduct a risk check on whether the stock customers are involved in the upstream and downstream industrial chains of the four auto companies. As soon as the news came out, it triggered the media and the Internet.

  Four domestic car companies go bankrupt 2019-10-13
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  There will be only five or six Chinese car companies left, with the rest shutting down or mergers and acquisitions.

  A number of auto executives have predicted that 50% of China's autonomous car companies will fail in the future, while Zhu Huarong, president of Changan Automobile, believes that there will be only five or six Chinese car companies left. During the Guangzhou auto show, Zhu Huarong said that he had predicted three years ago that "the closure and merger of enterprises within three or five years is not news." in the next three years, more enterprises will close and merge, and eventually there will be "only five or six Chinese car companies left." Entering 2019, China's car sales continue to decline, the industry environment continues to deteriorate, automobile enterprises have operating difficulties one after another, performance has declined to losses, stop production and arrears of wages emerge one after another, some enterprises sell land to sell qualifications, and even enter the merger.

  Automobile industry 2019-11-28
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  All of a sudden! A holding company of a car company is filed for bankruptcy review.

  According to the National Enterprise bankruptcy reorganization case Information Network, on August 28th, Ordos Huatai Automobile body Co., Ltd. added a piece of "bankruptcy reorganization" information, the case number is No. 19 in (2023), and the type of case is "bankruptcy examination case". The applicant is Tianjin Jiuyue Technology Co., Ltd.

  Automobile Huatai company limited limited information sales volume person subject to execution case Zhang Xiu Ordos city people proportion court amount 2023-08-29
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  It is said that Junma Motor dissolves and goes bankrupt, and employees and dealers collectively protect their rights.

  According to media reports, 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. According to the internal employee, the sales company owed employees four months of unpaid wages, involving 210 employees. "now Junma is already a shell company, in a state of disorder without management, even if employees want to leave. I don't know who to go through the formalities, so I can only hope that the government will intervene." Junma.

  Cars bankruptcy dealers employees 2019-09-03
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  Another new force goes bankrupt

  "Automotive Industry concern" learned from the Heavenly Eye that on June 14, Baiteng Automobile affiliate Nanjing Zhixing New Energy Automobile Technology Development Co., Ltd. (hereinafter referred to as "Zhixing New Energy vehicle") added a piece of "bankruptcy reorganization" information. The case number is (2023) Su 0113 break 48, and the case type is "bankruptcy case".

  Company Automobile Zhixing Limited Nanjing Co. Ltd. New Energy case Court Electric Investment Technology Electric vehicle Development people's Court 2023-06-16
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  It is revealed that Jia Yueting bought a 20 million luxury house before he went bankrupt. FF should report that it is a pure rumor.

  Before filing for bankruptcy, Jia Yueting bought a 3300-square-foot California $3 million (21.14 million yuan) mansion in August on the Palos Vedes Peninsula in Los Angeles, just one step away from his coastal mansion, US media The Verge reported on Oct. 30. The media also reported that Jia Yueting Line holds an Lmur1 visa, which is based on the condition that his company is operating well. So if FF goes bankrupt, or his job at FF is lost, Jia Yueting may be forced to return to China. The report said Jia Yueting still made some decisions about FF.

  Jia Yueting goes bankrupt 2019-10-31
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  Chinese cars have entered a full phase of elimination, and 50% of independent brands will go bankrupt.

  Speaking at the Global Automotive Industry Innovation Conference held in Beijing today, Tan Benhong, executive vice president of Changan Automobile, believes that half of all Chinese car brands will go bankrupt. "China's automobile industry has entered a comprehensive phase of elimination, and the stronger the strong, the greater the pressure on the weak. The survival of the fittest is more obvious. 50% of Chinese car brands, I think, will cease to exist for some time soon, and of course our new forces will also face greater pressure to build cars, "said Tan Benhong. In fact, with the intensification of market competition in 2019, Chinese car brands are having a hard time. Not only do sales continue to decline, but their market share also falls below 40%.

  Cars brands autonomy 2019-08-19
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  Li Bin responded to the data leak again: even if he went bankrupt, he would never compromise.

  At the NIO DAY 2022 media conference, Li Bin, founder of Lulai Motor, once again responded to the theft and extortion of user data. Li Bin said: firmly do not compromise with criminals, do not make a precedent for compensation, even if the company goes bankrupt, it will not compromise. Li Bin said the company had reported the case. "

  Data users events Li Bin Security Information car owners companies platforms cars liability loss Privacy Crime official 2022-12-26
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  Will the market share of Chinese brands fall to a new low and half of the brands will go bankrupt?

  In April, the market share of Chinese brand passenger cars was only 34.6%, down 2.6 percentage points from a year earlier, a six-year low; from January to April, the market share was 38.1%, down 2.5 percentage points from a year earlier, falling below the 40% red line again.

  The market share of Chinese brands fell to a new low in April and the auto market 2020-05-12
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  Finally, I can't hold on! The parent company of Zhongtai Automobile officially went bankrupt

  Finally, the Iron Niu Group could not bear it! On December 24th, * ST Zhongtai announced that the company recently received a "civil order" issued by the Yongkang Court that its parent company (the real controller) Tieniu Group was seriously insolvent and unable to continue to operate, so it lacked the possibility of rescue. The court ruled according to law as follows: (1) to terminate the reorganization procedure of Tieniu Group Co., Ltd.; (2) to declare the bankruptcy of Tieniu Group Co., Ltd. However, * ST Zhongtai said in the announcement that the company and Tieniu Group remain independent in terms of assets, business, finance, etc., and the company's main business is currently in a state of suspension of production.

  Zhongtai Automobile Iron Niu Group 2020-12-24
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  Water can't turn into oil after all! 21 related companies of this car company went bankrupt.

  After the "hydrogen-water car farce" in Nanyang, Henan Province, the car-building script of Pang Qingqing and Youth Automobile Group has been difficult to continue. According to the bankruptcy documents issued by the Intermediate people's Court of Jinhua City, Zhejiang Province On August 11, the court formally ruled to accept Jinhua Yaman vehicle Co., Ltd., Jinhua Youth Man Automobile Co., Ltd., Jinhua Youth Commercial vehicle sales Co., Ltd., Youth Automobile Group Co., Ltd., Zhejiang Youth Automobile Research Institute Co., Ltd., Zhejiang Youth passenger car Group Co., Ltd., Jinhua Youth Lotus holding Group Co., Ltd. Jinhua Ruicheng Energy Technology Co., Ltd. and Jinhua Youth Automobile Manufacturing Co., Ltd. 21 and Jinhua.

  Youth car 2021-08-25
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  Guangzhou Auto Fick went bankrupt and was collectively protected by 26 dealers. Official response

  GAC GROUP responded to the online exposure of "the bankruptcy of Guangzhou Auto Fick triggered the collective protection of the rights of 26 dealers". GAC GROUP said that as a state-owned holding enterprise and one of the shareholders of GAC Fick, GAC GROUP will actively support its creditor's rights and debts to be dealt with in accordance with the law.

  Fick Group Fiat sales Fiat Brand Dealer Company Automobile problem domestic Clay Chrysler Enterprise announcement 2022-11-15