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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
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  First criticized by the Shanghai Stock Exchange, and then listed by the court as an old man, Huatai Motor is struggling.

  Since the postponement of equity transactions was criticized by the Shanghai Stock Exchange several times, Huatai Motor has recently been listed by the court as an unfaithful executor (commonly known as Lao Lai) for failing to pay wages. Huatai Motor has been frequently exposed production suspension, layoffs, insolvency and other negative news, this time by the court confirmed its identity as a veteran, but also made Huatai Motor difficult in the future. According to information posted on the China Executive Information publicity website, Huatai Motor owed the defendant a total of 700000 yuan in wages from July 28, 2017 to September 28, 2018, which was determined by the court to be capable of performance but refused to comply with the effective legal documents.

  Cars courts Huatai Motors 2019-08-03
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  Rest again and again! Han Teng's "high temperature vacation" has just ended, and he has been on leave in arrears of wages.

  Since Zhongtai Motors frequently encountered arrears of wages, production suspension and insolvency and other news, as with Zhongtai has an intricate relationship with Hanteng Motor seems to be affected to a certain extent.

  Hanteng car 2020-09-08
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  The most profitable car company in the world? Kia's operating profit margin surpassed that of Tesla in the second quarter.

  On July 27, Kia released its operating results report for the second quarter of 2023. According to the report, Kia's sales in the second quarter were 26.24 trillion won (about 146.7 billion yuan), an increase of 20% over the same period last year; operating profit was 3.4 trillion won, an increase of 52.3% over the same period last year; net profit was

  Kia sales Market China Korean won Global Automotive growth profit Business sales second quarter report earnings profit margin 2023-07-30
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  Don't be afraid of money! Kia executives said harshly: wait for local car companies to "burn" before grabbing the market.

  At the 15th China Automobile Blue Book Forum, Yang Honghai, Chief operating Officer (COO) of Kia China, once again aroused widespread concern and heated discussion in the automotive circle. Yang Honghai said in public that the technology accumulation, talent accumulation and globalization experience of joint venture car enterprises, including global profits, are far larger than those of local enterprises.

  Kia China Market Automobile Global sales Honghai Brand people RMB Company New Energy Korean won Electric contract 2023-06-17
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  Founded 30 years ago! Another joint venture car company is insolvent.

  Kia's sales in China continue to be low, and the joint venture has fallen into the plight of insolvency. According to the third-quarter results released by South Korea's Kia Company, by the end of the third quarter, Jiangsu Yueda Kia Automobile Co., Ltd., a joint venture in China, had total liabilities of 227.92 million won (about 12.2 billion yuan) and assets.

  Kia Market Model China Yueda sales Brand Automobile Dongfeng Global Price Jiangsu Company Jiahua growth 2022-12-10
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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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  Exclusive! Kia joint venture company-Jiangsu Yueda Kia Capital is insolvent!

  Kia's sales in China continue to be low, and the joint venture has fallen into the plight of insolvency. In the financial information of joint ventures and associated enterprises in the year ended December 31, Jiangsu Yueda Kia Automobile Co., Ltd., a joint venture in China, has a total debt of 247%, according to the 2022 financial report released by Kia Company of South Korea.

  Kia Yueda Dongfeng cars sales China models market Jiangsu companies groups selling prices limited limited growth 2023-03-13
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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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  be heavily in debt! Zhongtai Automobile lost 760 million yuan in the first three quarters of this year.

  Today, Zhongtai Automobile released its reported sales data for the first three quarters of 2019. The report shows that the company's operating income in the third quarter was 360 million yuan, down 88.41% from the same period last year. The net profit belonging to shareholders of listed companies was negative 470 million yuan, down 521.5% from the same period last year. In the first three quarters, the cumulative revenue was 5.401 billion yuan, down 59.59% from the same period last year, and the net profit loss was 760 million yuan, down 283.02% from the same period last year. Zhongtai Automobile said that the decline in revenue was mainly due to the decline in sales affected by the industry. Data released by the China Association of Automobile Manufacturers showed that Zhongtai car sales in the first three quarters.

  Zhongtai Automobile lost 760 million yuan in the first three quarters of this year. 2019-10-29
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  The net exposed that four car companies entered bankruptcy proceedings at the end of the year? Zhongtai Lifan responded: false news!

  A few days ago, an email from a bank investigating the bankruptcy risks of Cheetah, Zhongtai, Huatai and Lifan went viral on the Internet, causing a lot of attention. According to the content it provides, each management team needs to conduct a risk check on whether the stock customers are involved in the upstream and downstream industrial chains of four automobile companies, namely, Cheetah, Zhongtai, Huatai and Lifan. The main reason for the risk investigation of the four auto companies is that "according to media reports, Cheetah, Zhongtai, Huatai and Lifan will enter bankruptcy proceedings at the end of the year. It is estimated that the industrial chain involving upstream and downstream auto parts suppliers will total about 50 billion.

  Four car companies filed for bankruptcy 2019-10-10
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  Carrying 3.5L V6 engine! Kia K8 debuts

  The Kia K8, a new Kia model, was officially unveiled at the 2023 Geneva Motor Show in Qatar. The new car is positioned as a medium-sized sedan with a 3.5L V6 engine. In terms of appearance, the front face of the new car adopts a borderless polygon mesh filling design, with a large number of diamond-shaped structures in the interior.

  Kia New car sales Market Model Design engine system Max aspect part China Jinyi New Power 2023-10-07
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  A new energy car company was forced to enforce 120 million yuan.

  According to Heavenly Eye, Evergrande New Energy vehicle Investment holding Group Co., Ltd. (hereinafter referred to as "Evergrande New Energy vehicle") added a piece of information about the person subject to execution on August 7, with more than 125 million yuan of the subject matter executed. The enforcement court is the Guangzhou Intermediate people's Court of Guangdong Province. The heavenly eye check information shows that Heng

  Automobile Evergrande new energy company limited limited loss new car model amount group holding information investment holding investment 2023-08-09
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  Huge losses! One day the joint venture brand is "hidden" by shareholders

  On May 7, GAC GROUP announced the production and marketing of KuaiBao in April. According to the data, GAC GROUP sold 177200 vehicles in April, up 42.57% from a year earlier. In addition, GAC GROUP's cumulative sales from January to April were 717100, down 2.10% from a year earlier. From the market point of view, in the same period, the whole country

  Mitsubishi Market China Automobile Group sales Brand Company data production and Marketing official Benchmarking Renault reason Factory 2023-05-07
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  New way out! A new force of car building is ready to go.

  On July 25, Weimar's official Weibo posted a message saying "ready to go", along with a number of photos of new cars in front of the freighter. Officials have not yet disclosed the specific destination of the vehicle export. But according to the information on the picture, it is shown as "NYK LINE" (Japanese cruise ship strain)

  Weimar cars markets models exports new energy officials funds vehicles certification power news sales problems shortages 2023-07-26
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  A joint venture brand is about to be delisted? GAC-Mitsubishi responded

  On March 22, GAC-Mitsubishi officials responded to the news that "Mitsubishi will withdraw from the Chinese market" and said: GAC-Mitsubishi is operating normally, Mitsubishi is not withdrawing, and the factory is operating normally. Earlier, it was reported that the joint venture brand GAC-Mitsubishi would sell the Changsha plant to produce GAC-EAN electric cars, and that the Mitsubishi brand might retire.

  Mitsubishi Market Brand China Changan Automobile Suzuki News Group Mazda sales official Product rumor Company 2023-03-23
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  GAC-Mitsubishi suspends new car production!

  On April 25, Mitsubishi Motors issued a confirmation notice of non-operating expenses and special losses. Mitsubishi Motors said that GAC-Mitsubishi Motors Co., Ltd. launched the new Euroland in December 2022, but as competition in the Chinese market intensified, sales targets continued to fail, so it is expected to be in fiscal year 2022 (up to 2023).

  Mitsubishi Automotive Market China Brand Outlander Model sales Outlander Group Cooperation Product Company Factory data 2023-04-27
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  The car brands that Li Ka-shing focused on investing have become cold, and the arrears of wages for 12 months are insolvent.

  Recently, Hangzhou Yuhang District people's Court issued a notice to restructure Hangzhou Changjiang Automobile Co., Ltd. (hereinafter referred to as "Changjiang Automobile") according to the application of Beijing Zijing Julong Science and Technology Investment Co., Ltd. In August 2020, the Yuhang District people's Court ruled to accept the bankruptcy liquidation case of the debtor Hangzhou Changjiang Automobile Co., Ltd. on September 11, 2020, Zhejiang Jingheng Law firm, Zhejiang Nuoliya Law firm and Ningbo Kexin Accounting firm Co., Ltd. were appointed as managers. December 2020, Changjiang Automobile bankruptcy liquidation administrator publicly issued a project investor recruitment announcement, which means.

  Changjiang Automobile 2021-01-21
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  The total number of power batteries installed in 2019 is 62.2GWh, and Ningde era is in the lead.

  According to the statistics of the Research Department of the Power Battery Application Branch, the total installed capacity of power batteries in China in 2019 was about 62.2 GWh, an increase of 9.3% over the same period last year. Among them, ternary batteries accounted for 65.2% of the total installed capacity, an increase of 22.5% over the same period last year, and lithium iron phosphate batteries accumulated 20.2GWh, down 9.0% from the same period last year. Specifically, the installed capacity of power batteries in Ningde era is 31.71GWh, accounting for 51.01% of the total installed capacity in 2019. In addition to the Ningde era, the power battery companies ranked as TOP10 in 2019 are: 10.76GWh and Guoxuan Gao.

  Ningde era 2020-01-13
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  Sudden! More than 250 million shares of the founder of the auto giant dealer group will be put up for judicial auction!

  Recently, according to a notice issued by the huge Group on receiving the notice of the auction of the shares of the original controlling shareholder, it said it had received a notice from the Beijing No. 3 Intermediate people's Court. Guokai Securities Co., Ltd. and Pang Qinghua, Tangshan Jidong material Trade Group Co., Ltd., Beijing No. 3 Intermediate people's Court

  Huge groups companies announcements stocks Qinghua cars debts courts funds auctions people's courts people's rights creditors 2022-09-02