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Shenzhen Longgang District people's Court is hearing a dispute over the trading contract between Shenzhen Bic Battery Co., Ltd. and Zhongtai New Energy Automobile Co., Ltd. Changsha Branch and Zhongtai New Energy Automobile Co., Ltd., according to relevant media reports citing people familiar with the matter. According to people familiar with the matter, Zhongtai Motors eventually appealed to the people's Court of Longgang District of Shenzhen City for defaulting hundreds of millions of yuan on Bic battery, asking Zhongtai Motor to freeze 40 million yuan of property. According to a civil ruling on June 11, the plaintiff Bic battery filed an application for property preservation with the Shenzhen Municipal Court, requesting to seize, detain or freeze the defendant Zhongtai New Energy.
A few days ago, a notice circulating on the Internet about the risk investigation of some car companies within a joint-stock bank made four car companies, including Zhongtai Automobile Co., Ltd., trapped in a whirlpool of public opinion. As the incident continued to ferment, Zhongtai Motor also took the lead in issuing a statement to refute the rumor. However, it was revealed today that Zhongtai Motor had been sued by Bic Battery to the court for freezing its assets of more than 40 million yuan because it owed hundreds of millions of yuan to Shenzhen Bic Power Battery Co., Ltd., a lithium battery supplier. According to insiders, the Longgang District people's Court of Shenzhen is hearing the case. According to public information, on May 27 this year, Longgang District, Shenzhen City.
Zhongtai Automobile announced that it recently received a letter from its controlling shareholder, Tieniu Group Co., Ltd., that part of the shares held by Tieniu Group and its concerted actor Huangshan Golden Horse Group Co., Ltd. had been judicially frozen, with a total of 365 million shares frozen. Specifically, nearly 250 million shares of Tieniu Group were judicially frozen by Beijing second Intermediate people's Court, Shenzhen Intermediate people's Court of Guangdong Province and Shanghai Pudong New area people's Court due to contract disputes, accounting for 31.83% of the shares. 106 million shares held by Jinma Group were also frozen and frozen by the Shenzhen Intermediate people's Court of Guangdong Province because of contract disputes.
On the evening of November 8, Zhongtai Motors announced that Zhongtai Motor had received a letter from the controlling shareholder Tieniu Group that the shares of the company held by Tieniu Group had been judicially frozen. According to the contents of the announcement, due to contract disputes, Tieniu Group's shares held by the company were judicially frozen, and the frozen state was preserved by litigation, with a total of 487 million shares frozen for a period of three years. It is worth noting that of the above-mentioned frozen shares, 417 million shares are waiting for the freeze, and the judicial freeze is carried out by the Yongkang City people's Court. As of the date of announcement, Tieniu Group held a total of 786 million shares, accounting for 38.78% of the company's total share capital.
According to data, the installed capacity of power batteries from January to October this year was 46.28GWh, an increase of 33.2% over the same period last year. Among them, Bick battery ranks among the top 10 in the domestic power battery list with the installed capacity of 557MWh. However, even the current situation of the power battery company is hardly optimistic, and a number of companies have sought debt from Bic Battery. On November 6, Rongbai Technology announced that the overdue accounts of Bick Power exceeded 206 million yuan, which may not be recoverable. On November 7, Dangsheng Technology announced that the balance of accounts receivable in Shenzhen Bic and Zhengzhou Bic totaled 378 million yuan, which could not be recovered.
In March this year, Jaguar Land Rover eagerly announced a major news that the infringement case of Jiangling Holdings Co., Ltd. (hereinafter referred to as Jiangling Company) was sued by the Chaoyang District people's Court in Beijing, China, and finally won after three years of litigation. The court ordered Jiangling to immediately stop the "unfair competition behavior" involved in the case, immediately stop production and sale of two specific Land Wind X7 models, issued a statement on the official website and media, and paid 1.5 million yuan in compensation to Jaguar Land Rover. We looked through the official website of Jiangling Company and Lufeng Motor and found no relevant statement about the lawsuit. On the contrary, Jiangling Motor Co., Ltd.
According to Tianyan survey data, Zhongtai Motor added bankruptcy cases and bankruptcy review cases on June 29, and the applicants were Zhejiang Yongkang Rural Commercial Bank Co., Ltd. (hereinafter referred to as "Yongkang Nong Commercial Bank"). The handling court is the Intermediate people's Court of Jinhua City, Zhejiang Province. This is not the first time Yongkangnong has applied for Zhongtai Automobile bankruptcy reorganization. On September 16, 2020, Yongkang Agricultural Commercial Bank applied to the people's Court of Yongkang City for pre-restructuring on the grounds that Zhongtai Motor was unable to pay off its maturing debts and obviously lacked solvency, but it still had restructuring value. On October 13, 2020, Yongkang Agricultural Commercial Bank went to Zhejiang Province.
The operation of Zhongtai Motor, which is in financial difficulties and is caught in a continuous suspension of production, has also attracted attention from the outside world. A few days ago, Zhongtai Motor released the third quarter results report, continue to operate at a loss, it is worth noting that the directors once again said that there is no guarantee of the authenticity of the performance. According to the financial report, Zhongtai Motor's operating income in the third quarter was 210 million yuan, down-26.79% from the same period last year; the net profit belonging to shareholders of listed companies was a loss of 530 million yuan, down-12.52% from the same period last year. In the first three quarters of 2020, Zhongtai Motor achieved operating income of 981 million yuan, down 72.68% from the same period last year; the net profit belonging to shareholders of listed companies is.
In the face of the continuous downturn of the domestic automobile market, marginal car companies are facing the risk of being reshuffled by the industry. On the evening of October 28th, Zhongtai Automobile released its results for the third quarter of 2019. In the first three quarters, the company achieved an operating income of 5.401 billion yuan and a loss of 760 million yuan, including a loss of 470 million yuan in the third quarter. Behind the operating loss is a sharp decline in Zhongtai's auto business. According to the latest sales report, Zhongtai Motor sold 9085 units in September, down 27% from January to September with a total of 99600 units, down 45.97% from a year earlier. Zhongtai Automobile is facing the double of sales volume and performance.
Since Zhongtai Automobile announced bankruptcy reorganization, the progress of Zhongtai Automobile restructuring has also been concerned by the industry. If Zhongtai Automobile can smoothly implement restructuring, optimize the debt structure, and continue to operate, then Zhongtai can get back on the right track. If the restructuring fails, Zhongtai Motor will only face the road of bankruptcy. According to the announcement issued by * ST Zhongtai, on September 30, 2021, Jiangsu Shenshang holding Group Co., Ltd. was finally confirmed as the restructuring investor, Shanghai Titanium Kai Automotive Technology Partnership (limited partnership) and Hunan Zhibo Zhi car equity investment partnership (limited partnership.
On May 12, * ST Zhongtai announced that the company received a letter from Shanghai Zhiyang Investment Co., Ltd. (hereinafter referred to as "Shanghai Zhiyang") transferred by the company's pre-restructuring manager on May 12, 2021, its Shanghai Zhiyang decided to suspend its investment in the company because of recent changes in the share price of Zhongtai Motors, which seriously deviated from its fundamentals, and decided to suspend investment because of investment prudence. Today, Zhongtai Motor opened by the daily limit, down 4.99% to close at 5.52 yuan, with a total market capitalization of 11.19 billion yuan. According to Zhongtai Automobile announcement, as early as October 2020, Shanghai Zhiyang and Zhongzhong.
Zhongtai Automobile announced that the board of directors decided to postpone the disclosure of the 2019 annual report to June 23. Zhongtai Motor also disclosed its main operating results in 2019, with operating income of 3.204 billion yuan in 2019, down 78.3% from 14.764 billion yuan in 2018, and net profit of-9.294 billion yuan, down 1261.96% from 800 million yuan in the same period in 2018. In view of the reasons for the sharp decline in operating income and net profit, Zhongtai Motors has said that mainly affected by the macroeconomic situation, the overall prosperity of the automobile industry is not high, car sales fell sharply, did not meet expectations.
Since October this year, four independent car companies, including Zhongtai Motors, have been exposed that they will enter bankruptcy proceedings because of bad debts involving upstream and downstream auto parts suppliers totaling about 50 billion yuan. although various car companies have refuted the rumors, the situation has not improved. According to the Financial Associated Press, the factory is still in a state of suspension.
Recently, Zhongtai Motor released its third quarter results of this year. According to the data, Zhongtai Motor's operating income in the third quarter was 161 million yuan, down 14.46% from the same period last year. In the first three quarters of this year, Zhongtai Motor's cumulative revenue was 532 million yuan, an increase of 9.45% over the same period last year, with a net profit loss of 1.6% in the third quarter.
On October 28, Zhongtai officially released its third-quarter results, which showed that its operating income in the third quarter of this year was 3.609 billion yuan, down 88.41% from the same period last year, and the net profit of shareholders belonging to listed companies was 470 million yuan, down 524.50% from the same period last year. The company's operating income in the first three quarters was 5.401 billion yuan, down 59.59% from the same period last year, and the net profit attributed to shareholders of listed companies was 759 million yuan, down 283.02% from the same period last year. Recently, Junma, a subsidiary of Zhongtai Motor, encountered more than a hundred dealers to protect its rights, due to the supply of gearbox and spare parts.
On February 18, Zhongtai issued a clarification notice in response to some media reports that "Great Wall Motor" swallowed "Zhongtai and acquired the Zhongtai Linyi factory". Zhongtai Automobile said in the announcement that it has been verified that the company and its subsidiary Linyi Branch in Jiangnan and Zhuotai Automobile sales Company have not signed any strategic agreement with Great Wall Motor. As for whether the local government of Linyi parts Company signed a strategic agreement with Great Wall Motor and whether Linyi parts Company is taken over by Great Wall Motor, the company is unable to judge because it does not involve the company and its subordinate companies. In addition, Zhongtai Automobile also said that the company is affiliated to Jiangnan Linyi Branch and.
On July 13, Zhongtai Motor announced the termination of the 6 billion yuan fixed increase project that had been planned for a year, saying that the reason for the termination was the company's decision on various factors. It should be noted that Zhongtai Automobile is planning to change the actual controller, so whether the cancellation of the fixed increase project will affect the change of the actual controller has also become a matter for everyone.
Zhongtai Automobile is facing a crisis, and then receive a letter of inquiry. Zhongtai issued an announcement on September 14, saying that it had received an inquiry from the Shenzhen Stock Exchange about its semi-annual report, asking Zhongtai to explain a number of problems, including declining performance. In the inquiry letter, the Shenzhen Stock Exchange requires Zhongtai Motor to explain the reasons for the sharp decline in operating income and net profit, and to explain the shutdown during the reporting period, including but not limited to the reason, time, time, time limit, production line and corresponding products; Zhongtai Automobile is required to explain the reasons and rationality of the increase in the proportion of bad debts; Zhongtai Automobile is required to explain whether it will declare its claims and pre-reorganization to the bankruptcy reorganization administrator of the controlling shareholder.
On the evening of December 9, Zhongtai Automobile issued a notice on the acceptance and reorganization of a wholly-owned secondary subsidiary by the court, which said that Zhongtai Automobile Co., Ltd. (hereinafter referred to as "Zhongtai Automobile") recently received a "Civil order" issued by Zhejiang Yongkang people's Court (hereinafter referred to as "Yongkang Court"). Learned that Yongkang Court ruled to accept the reorganization of Zhejiang Zhongtai Automobile Manufacturing Co., Ltd. (hereinafter referred to as "Zhongtai Manufacturing"), a wholly-owned second-class subsidiary of the company. According to the announcement, Jinfeng Technology (Shenzhen) Co., Ltd. applied to Yongkang Court for manufacturing of Zhongtai on the grounds that Zhongtai Manufacturing could not pay off its maturing debts and its assets were insufficient to pay off all its debts.
On April 22, netizens exposed on Weibo that Zhongtai New Energy Automobile Co., Ltd. was in arrears in wages and 78 employees were defending their rights at the Comprehensive Social Security Management Service Center of Qiantang New District in Hangzhou. On April 29, Tencent Automobile reported that in response to this protection of rights, the Hangzhou Qiantang New District Labor and personnel dispute Arbitration Commission and relevant local departments have opened a green channel for the arbitration of collective arrears of wages of Zhongtai Motors, and hired a number of lawyers to provide legal aid for 100 employees, some of which have entered the filing process. The collective protection of Zhongtai New Energy Automobile employees in Hangzhou Qiantang New District Social Security Integrated Management Service Center is also a helpless move.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
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