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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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  With debts exceeding 11.1 billion yuan, six companies, including Cheetah Motors, were ruled to merge and restructure in real terms.

  A few days ago, the Intermediate people's Court of Changsha City, Hunan Province (hereinafter referred to as Changsha Intermediate people's Court) has, based on the application of Hunan Cheetah Automobile Manager, ruled that Changfeng Group Co., Ltd. (hereinafter referred to as Changfeng Group), Hunan Cheetah Automobile Co., Ltd. (that is, Cheetah Automobile), Hunan Changfeng Power Co., Ltd.

  Automobile Cheetah Changfeng Company Future Group Great Wall Huaguan Hunan Enterprise Co. Ltd. Changsha Factory sales hereinafter referred to as 2022-05-27
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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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  The established car companies merged and reorganized, and Weimar took over.

  After a rough time, Cheetah finally saw a glimmer of hope. On July 15, the first creditors' meeting of the merger and reorganization of six enterprises, including Hunan Cheetah Automobile Co., Ltd. (hereinafter referred to as "Cheetah Automobile"), was officially held, at which the Cheetah Automobile restructuring Manager announced the draft merger and reorganization Plan. Hengyang Hongdian

  Automobile Cheetah Weima Company Changfeng Group Hunan Factory New Energy sales Changsha production vehicle Limited year-round 2022-07-17
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  Changfeng Cheetah: reduce staff and pay to deal with the current predicament and ensure survival

  Fengcheebao, a veteran car company, has been exposed to collective pay cuts and suspension of production, and internal documents on employee pay adjustments and wage reductions have been widely circulated online. In response to this matter, the person in charge of Cheetah confirmed the authenticity of the document to the media, "the current downward trend in the industry is obvious, coupled with the country 5 switching to country 6, staff reduction and salary reduction is one of the ways for enterprises to take the initiative to deal with the current predicament." He also said that the company did not stop production completely, mainly for some products with large inventory and products that are about to be replaced. According to an internal meeting minutes issued on May 29, Changfeng Group decided to implement "employee pay adjustment and pay reduction."

  Automobile 2019-08-07
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  Cheetah car development is in trouble, more than 40 cheetah dealers go to headquarters to protect their rights.

  A few days ago, more than 40 Cheetah Motor Co., Ltd. (hereinafter referred to as "Cheetah Automobile") authorized dealers to go to Cheetah headquarters in Yongzhou, Hunan Province, to negotiate with Cheetah Motors on financial issues, according to media reports. It is understood that the dealer to the headquarters to protect the rights mainly includes four aspects, namely, rebate, non-operating losses, (mainframe factory) unable to provide new cars, "three guarantees of reparations" four payments. According to the "letter" jointly signed by dealers: (1) from the suspension of production in May 2019 to May 2020, dealers have no cars to sell, operating difficulties, serious losses, rent and employee wages can not.

  Cheetah car 2020-05-26
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  Another traditional autonomous car company is unsustainable and has filed for bankruptcy reorganization.

  According to media reports, Hunan Cheetah Motor Co., Ltd. filed for bankruptcy restructuring in April this year. According to people close to Cheetah, at least three prospective investors want to participate in the restructuring of Cheetah, including traditional vehicle manufacturers, car-building new forces and financial investors, all intend to bid separately, and all bid separately. The above-mentioned people stressed that the above-mentioned vehicle manufacturing enterprises are quite famous in the industry. According to SkyEye survey data, Cheetah currently has two warning messages in bankruptcy cases. On November 20, 2020, Tianjin Bailide Auto parts Co., Ltd., the upstream supplier of Cheetah, filed for Cheetah bankruptcy.

  Cheetah car 2021-06-29
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  Another family collapsed, and the long-established company, Fengcheebao, was exposed to a collective pay cut and suspension of production.

  Since 2018, China's auto market has bid farewell to the era of rapid growth, entering the stock competition has caused a series of chain reactions, independent car brands have also entered a difficult time. In the process of the new energy spring tide, there are many independent brands to achieve transformation, but now the state has substantially tightened subsidies, some brands that do not fully adapt to the market, life is more difficult to sustain, facing reshuffle, unpaid wages, stop production news frequently exposed. A few days ago, according to media reports, Changfeng Cheetah has been exposed to implement measures to cut employees' wages and stop production in the factory because of serious operating losses. According to an internal meeting minute document issued on May 29, Changfeng Group.

  Automobile 2019-08-04
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  Can you still fix it? Cheetah forced to recall Cheetah CS9 EV

  A few days ago, Hunan Cheetah Automobile Co., Ltd., Anhui Cheetah Automobile Co., Ltd., in accordance with the requirements of the regulations on the Administration of defective Automobile products recall and the measures for the implementation of defective Automobile products recall, filed the recall plan with the State Administration of Market Supervision and Administration, recalling the following vehicles from June 15, 2021. (1) Hunan Cheetah Automobile Co., Ltd.: recall a total of 1119 Cheetah CS9 pure electric vehicles produced during the period from August 19, 2018 to November 29, 2018. (2) Anhui Cheetah Automobile Co., Ltd.: recall December 5, 2017 to 201.

  Cheetah car 2021-06-12
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  Are these cars scrapped? Officials recall a batch of cars made 20 years ago

  Another batch of old models have been recalled, which are now collectible, but consumers are more concerned about whether they are still there. Maybe it was scrapped a long time ago. A few days ago, GAC Changfeng Automobile Co., Ltd. filed the recall plan with the State Administration of Market Supervision and Administration in accordance with the requirements of the regulations on the recall of defective Automobile products and the measures for the implementation of the regulations on the recall of defective Automobile products. It is decided that from November 1, 2020, a total of 7 Cheetah cars will be recalled from August 1, 1997 to August 1, 1998. Yes, it is a cheetah car produced from 1997 to 1998. ...

  Cheetah car 2020-09-05
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  List of the worst models: monthly sales of many models are only in single digits

  According to the China Automobile Association, passenger car sales in China rose 8.5 per cent to 1.665 million in July 2020, while cumulative sales fell 18.4 per cent to 9.533 million from January to July. Of this total, car sales rose 4.6 per cent to 773000, MPV fell 0.7 per cent to 85000, SUV grew 14.0 per cent to 772000 and crossover passenger cars increased 8.5 per cent to 35000. Judging from the data, car sales in July continued the growth trend in June, reaching double-digit growth, but cumulative sales in the previous July still declined by 18.4%. Following the statistics of sales of less than a thousand vehicles.

  Flying collar Cadillac 2020-08-16
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  Layoffs, pay cuts, production line development difficulties, Cheetah was exposed to be seized by the court bank deposits of 23 million

  According to the enterprise investigation information, Cheetah added an order that the applicant was Chongqing Haite Automobile exhaust system Co., Ltd., due to a dispute with the Cheetah car sales contract, filed an application for property preservation before the lawsuit with the people's Court of Changsha County, Hunan Province on July 24, 2019. The court ruled that Chongqing Haite Automobile Emission system Company applied to meet the requirements and had issued a 23 million yuan loan from Cheetah Automobile Bank, or seized or seized its property of the same value. On August 20, with another brand-new cheetah new CS10 off the production line, Cheetah's Yongzhou factory welcomed the 410,000 new car off the line, but this time it was frozen.

  Car court 2019-08-30
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  Cheetah car dealers issued a statement: will stop a variety of free warranty services

  Since the domestic auto market suffered two consecutive years of decline and the impact of novel coronavirus this year, many automobile companies on the edge are on the verge of collapse. As for this type of autonomous car company, Cheetah Motors has also suffered financial problems due to frequent decline in sales and performance, which has led the company to stop production for many months, or even unable to provide dealer vehicles and accessories. in response, its dealers issued a statement saying they would stop services such as free maintenance.

  Cheetah car 2020-08-18
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  Personnel change! Zhang Yuesai serves as President of Co-Venture Automobile.

  On November 2, Co-Chuang issued the latest personnel appointment notice. Due to the needs of the company's business development, it was decided to appoint Zhang Yuesai as president of Hechuang Automotive Technology Co., Ltd., with overall responsibility for the production, operation and management of the company, officials said. Lou Qiaoping was appointed Chief Financial Officer of Hechuang Automotive Technology Co., Ltd., in charge of financial management and investment.

  Automobile company limited limited sales Guangzhou group personnel year manager stock model Guangzhou automobile group committee member market 2023-11-04
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  Cai Ronghua, Deputy Director of the National Development and Reform Commission: zombie car companies should withdraw from the automobile industry.

  Zombie enterprises and invalid production capacity occupy a lot of factor resources, and we must speed up market-oriented construction, rule of law management, and strengthen regulatory accountability, said Cai Ronghua, a national development and reform commission, at the 2020 International Forum on the Development of China's Automobile Industry.

  Baiteng 2020-09-06
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  The internal documents of the automobile company have been exposed, and the employees have been suspended from work and production from now on.

  After FAW Xiali sale assets, Changfeng Cheetah trusteeship factory, Lifan brilliance entered bankruptcy restructuring, another independent car company was exposed to operational difficulties. On the last day of November, a document with the official seal of Hubei Daye Hanlong Automobile Co., Ltd. circulated online, which showed that the company had serious difficulties in production and operation in 2020 due to various reasons. According to the current actual situation of the company, according to the relevant laws and regulations, it is concluded that the suspension of production will be implemented in the company since November 30, 2020 (except that the long-term mold company has received orders to maintain production). In addition, in another.

  Hanlong Automobile 2020-12-01
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  GAC-Mitsubishi joint venture stock ratio adjustment, official response

  According to media reports, the equity ratio of Guangzhou Auto-Mitsubishi, a joint venture between GAC GROUP and Mitsubishi of Japan, has changed, with GAC GROUP's shareholding falling from 50 per cent to 6.3431 per cent, Mitsubishi Commercial Co., Ltd. from 20 per cent to 92.4705 per cent and Mitsubishi Automotive Industry Co., Ltd. from 30 per cent to 1.1864 per cent. In response to the above reports, GAC GROUP related sources said that "(the above news) is a media report error." As of press time, the auto industry focused on inquiries and other platforms, and did not find the equity changes in the above reports.

  GAC Mitsubishi 2022-01-22
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  BYD settled in Hefei with 6 billion of its own, with an annual production capacity of 400000 vehicles.

  Recently, according to the project filing information of the Development and Reform Commission of Changfeng County, Hefei City, BYD Hefei project has been completed for the record, with a total investment of 6 billion yuan and an annual production capacity of 400000 vehicles. in the future, it is mainly engaged in the manufacture of core products such as new energy battery batteries, modules and related supporting industries, and the project will start construction at the end of August. In addition, the announcement also shows that the project covers an area of about 3918 mu, including 26 newly built factories, 3 fire pump houses and underground pools, 2 integrated stations, oil depots, 110KV power stations, departure greenhouses, shipping centers, 2 dangerous waste warehouses, 2 dangerous chemical warehouses, 2 waste warehouses, and logistics.

  BYD 2021-08-04
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  Geely intends to acquire two Chinese and foreign car companies? Geely responded that there was no such plan.

  In 2020, the Chinese car company Geely Group continued its mergers and acquisitions. After hosting the Changfeng Cheetah car factory and confirming its ownership of the commercial vehicle Valin Star Horse, Geely said that Geely was interested in acquiring a Chinese car company and a foreign car company. They are Lifan shares and South Korea Ssangyong Motor. Geely has denied the matter. The rumors of Geely and Lifan recently pointed out that Zhejiang Geely Holdings Group Co., Ltd. plans to inject capital into Chongqing Lifan Holdings Co., Ltd. to become its largest shareholder, the price and scale of the stake is not clear. Affected by the news, Lifan shares once rose in a straight line by the limit. Subsequently, in response to this rumor Geely Automobile Group.

  Geely car Lifan 2020-06-20
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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