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  Become debt-ridden! A new energy car company in Zhejiang has been filed for bankruptcy liquidation

  In 2020, Zhongtai Motor, which once sold 330000 vehicles a year, seems to have encountered a lot of trouble. news about "Zhongtai system" shutdown, wage arrears and rights protection, bankruptcy reorganization, bankruptcy liquidation and so on. After Zhongtai, Junma, Hanteng and Hanlong, another "Zhongtai" enterprise was mired in debt crisis and was filed for bankruptcy liquidation by creditors. Recently, * ST Zhongtai issued a notice that recently received a "civil order" issued by Zhejiang Yongkang Court, Zhongtai Automobile Co., Ltd. (hereinafter referred to as "Zhongtai Automobile") second-class wholly-owned subsidiary Zhongtai New Energy Automobile Co., Ltd., by creditors Hangzhou Tiecheng Information Technology Co., Ltd. And Jin.

  Zhongtai New Energy Zhongtai Automobile 2020-12-04
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  The darkest hour! It is exposed that the Bic Battery Appeal Court asked for the freezing of Zhongtai Motor's property of 40 million yuan.

  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.

  Zhongtai Motor is appealed 2019-10-13
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  The stock goes up by the limit! Zhongtai Automobile 6 billion is set to increase and restart the market.

  On the evening of June 10th, ST Zhongtai announced that after the completion of the restructuring, the company hopes to seek the help of the capital market and plans to raise no more than 6 billion yuan, which will be used for new energy intelligent network automobile development and R & D capacity enhancement projects, channel construction projects and supplementary liquidity after deducting issuance costs. Among them, new energy intelligence

  Automobile new energy company sales market intelligence Jiangsu limited limited shareholder development holding electric listed company product 2022-06-13
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  Layout of medium-and high-end new energy, Zhongtai Automobile restructuring Plan approved

  On November 31st, * ST Zhongtai issued a notice on the approval of the reorganization Plan by the Court. The company has received a Civil order from the Jinhua Intermediate people's Court, which approved the reorganization plan of Zhongtai Automobile Co., Ltd. at the same time, the reorganization procedure of Zhongtai Automobile Co., Ltd. was terminated. Affected by the news, * ST Zhongtai once again rose the limit, since the announcement of restructuring, * ST Zhongtai share price has risen more than 5 times. Review the road of Zhongtai Automobile restructuring: Zhongtai Automobile is an independent automobile brand in Zhejiang, which not only has the dual production qualification of "traditional fuel vehicles + new energy vehicles", but also in Zhejiang, Hunan, Hubei, Shandong, Chongqing and other places.

  Zhongtai Automobile 2021-12-01
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  Sign Chongqing! This old car company is coming back to life.

  On August 19th, ST Zhongtai announced that it signed a cooperation agreement with the people's Government of Bishan District, Chongqing, and the two sides will build a deep cooperative relationship in the field of intelligent network connection new energy vehicle project development and construction. According to the agreement, ST Zhongtai will set up an intelligent network joint new energy vehicle R & D and production base in Bishan.

  Automobiles companies production Chongqing new energy sales bases vehicles production bases models projects Bishan enterprises industry intelligence 2022-08-20
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  A mountain of debt! Zhongtai Automobile was again accused of defaulting on a debt of 616 million yuan.

  On the evening of November 27th, Zhongtai Automobile issued the latest announcement that its wholly-owned subsidiary Hangzhou Energy Saving Power Co., Ltd. owed a total of 616 million yuan in arrears and overdue liquidated damages to Shenzhen Bic Battery Co., Ltd., and requested that Zhongtai New Energy Automobile Co., Ltd., Yongkang Zhongtai Automobile Co., Ltd., Zhongtai Automobile and Jin Zheyong be jointly and severally liable for the above debts. The case was accepted by the people's Government of Jinkang City. The trial has not yet been held. Zhongtai Automobile said in the announcement that because the above litigation case has not yet formed a final judgment, it is not possible to judge the impact of the lawsuit on the company's current or post-term profits. The company will follow the law.

  Zhongtai Automobile 2019-11-28
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  Plan to develop 4 new cars! The old car company was questioned for this reason.

  Zhongtai Motor, which received a letter of concern from the Shenzhen Stock Exchange (hereinafter referred to as "Shenzhen Stock Exchange") because it said it was "more technologically advanced than in the Ningde era" in November 2022, was recently questioned by the Shenzhen Stock Exchange for a fixed increase of 6 billion yuan. In response to the inquiry of the Shenzhen Stock Exchange, on March 16, Zhongtai Motors issued a notice saying that the company had received

  Automobiles projects vehicles funds models construction channels development new energy companies production marketing products capabilities marketing channels 2023-03-18
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  Zhongtai Motor was sued by the supplier again because of the debt of 600 million.

  With the official statement, Zhongtai Automobile and other four auto companies "bankruptcy door" incident has been temporarily quelled, Zhongtai said the content of the online news is completely false. However, a lawsuit from the supplier plunged Zhongtai, a 20-year-old independent car company, into a "debt door", and the problem of capital chain was still simmering. Shenzhen Bic Power Battery Co., Ltd. sued Zhongtai Motors for 600 million yuan. On October 14, Bick Battery issued a notice to disclose the details of the case. The company's lawsuit against Zhongtai four companies was filed in Hangzhou Intermediate people's Court on August 5. The case was withdrawn after the two sides reached a settlement agreement, but Zhongtai failed to comply with the agreement and has now filed another lawsuit.

  Zhongtai lost money and Zhongtai was sued. 2019-10-16
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  The Zhongtai car crisis began again, and it was also appealed by the Bic Battery Court because of arrears.

  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 Motor is appealed by Bic Battery. 2019-10-13
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  Zhongtai: battery technology is more advanced than in Ningde era.

  On November 2, Zhongtai Automobile issued an announcement on the cancellation of other risk warnings and suspension of trading in the company's stock, which was changed from "ST Zhongtai" to "Zhongtai Automobile". In May this year, it was reported by the media that Zhongtai Motor had obtained an application for delisting risk warning and some other risk warnings for the company's stock trading.

  Cars companies sales markets production new energy limited limited models batteries announcements risks Jiangsu operation warning 2022-11-04
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  Layout of mid-and high-end new energy market, Zhongtai acquires technology companies

  According to the Financial Associated Press, * ST Zhongtai's acquisition of Shanghai Junqu Automotive Technology Co., Ltd. (hereinafter referred to as "Shanghai Junqu") did not issue an acquisition announcement because the transaction amount was small and did not meet the disclosure standards stipulated in the Stock listing rules. Data show that Shanghai Junqu was established on August 6, 2020, with a registered capital of 1 million yuan, paid-in capital of 100 million yuan, and the legal representative is Wu Yunfei. Through equity penetration, Shanghai Junqu is 100% controlled by Zhejiang Zhongtai Automobile Manufacturing Co., Ltd., while Zhejiang Zhongtai Automobile Manufacturing Co., Ltd. is a wholly-owned subsidiary of Yongkang Zhongtai Automobile Co., Ltd., and the latter's controlling shareholder.

  Zhongtai Automobile 2022-02-22
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  Zhongtai Automobile will reply to the inquiry letter of Shenzhen Stock Exchange, and it is difficult to achieve the performance promise.

  On May 24, Zhongtai Motor Company received a letter of inquiry about the 2018 annual report of Zhongtai Automobile Co., Ltd. (hereinafter referred to as the "inquiry letter") issued by the Shenzhen Stock Exchange. The "inquiry letter" mainly includes the financial situation of Zhongtai Motor in 2018, the reasons for the change in earnings, and the fulfillment of promises. The Shenzhen Stock Exchange requires Zhongtai Automobile Co., Ltd. to disclose the sales volume, price, sales revenue, gross profit and related period expenses of the major models of Yongkang Zhongtai in 2018, and to explain the differences and reasons between the realization and the evaluation at the time of acquisition, on this basis, analyze and explain the reasons why the current performance did not meet the forecast. Need to be in 2.

  Performance car Zhongtai 2019-05-27
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  Zhongtai has an annual net loss of 2.1 billion yuan

  On April 26th, * ST Zhongtai released its annual financial report, showing that its operating income in 2021 was 825 million yuan, down 38.34% from the same period last year; the net loss of shareholders belonging to listed companies was 706 million yuan, an increase of 93.18% over the same period last year; net loss after deducting non-recurring gains and losses belonging to shareholders of listed companies

  Cars companies brands sales Jiangsu production investment products limited limited new energy shareholders listed companies markets investors 2022-04-26
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  Sales of Zhongtai Automobile fell sharply in April, down 35% from a year earlier.

  Zhongtai Automobile sales data fell sharply in April! In April 2019, Zhongtai sold 14883 vehicles, down 35% from the same period last year, and the cumulative sales from January to April were 50009, down 52.3% from the same period last year. Sales of the Zhongtai T300 model are the core sales pillar of Zhongtai Automobile, with 8891 units sold in April. The total sales of the T300 reached 25048 units from January to April. If it follows this trend, it is possible to achieve 100000 + unit sales by the end of the year. For Zhongtai Motors, which has a total sales volume of 230000 in 2018, the sales of the T300 are crucial.

  Cars sales Zhongtai official data 2019-05-20
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  Strong comeback! Zhongtai T300L has passed the national six b certification.

  Recently, according to media reports, Zhongtai T300L has passed the national six b emission certification, which can meet the listing needs of various cities in China, which also means that Zhongtai will officially return and will resume sales in the domestic market. It is understood that the Zhongtai T300L is positioned as a new small SUV model, which was launched in December last year. New car

  Cars markets companies sales sales investment design manual investors new energy aspects limited limited track models 2023-01-26
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  Zhongtai Motor received 3 billion yuan of funds, the resumption of production is disadvantageous, and there is still no prospect in the future.

  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.

  Zhongtai Automobile 2019-12-19
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  Zhongtai employees collectively ask for wages, how long can the shaky Zhongtai Motor hold on?

  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.

  Zhongtai Automobile 2020-04-30
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  Zhongtai Automobile: it doesn't matter if the business crisis is at the top, it's important to pay close attention to enterprise cooperation.

  Today, media reported that Zhongtai Automobile and the French liquid-Air Technology Innovation Center formally signed a cooperation agreement, the two sides will jointly develop metal bipolar plate fuel cell stack, and applied to Zhongtai Automobile. It is understood that as early as the beginning of 2016, Zhongtai Automobile has begun to layout hydrogen fuel cell passenger vehicles, and hydrogen fuel as the development direction of new energy vehicles. The Zhongtai E200 FCV was officially unveiled at the Shanghai Auto Show in April this year. The new car has been renovated and is expected to go on sale next year. Zhongtai Automobile said that combined with the mass production planning of fuel cell vehicles, according to the sales volume of 10,000 units, the sales revenue can be achieved 22.

  Zhongtai Automobile 2019-11-11
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  Ready to turn over? Zhongtai Automobile will promote high-end brands

  Recently, Zhongtai Motors disclosed its 2021 performance forecast that it is expected to achieve an operating income of 800 million to 900 million yuan in 2021 and a net profit loss of 400 million to 600 million yuan. From the performance forecast, although 2021 is still in a state of loss, but compared with the 2020 loss of more than 10 billion yuan, Zhongtai Motor has achieved a substantial loss reduction. Zhongtai Automobile said in the performance forecast that the 2021 restructuring plan has been completed and is expected to generate restructuring revenue of 20-2.4 billion yuan. However, because the subordinate automobile production bases are basically in a state of suspension of production, the production and sales volume of the whole vehicle is small, and the total sales income is low, resulting in business performance is still.

  Zhongtai Automobile 2022-01-31
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  Does Zhongtai Ford become a "rotten tail building"? The listing time of Jianghuai Volkswagen is a long way off?

  Zhongtai Ford is a joint venture brand formed by Zhongtai Motor and Ford Motor in November 2017. according to the agreement at that time, the first new car of the joint venture company will go into production in September this year, but it is only two months before it goes into production. So far, there has been no substantial progress on the project. It is understood that the name of the company has not passed the formal examination and approval of the National Development and Reform Commission, and it is still unknown whether the production can be carried out normally. However, Zhongtai Ford is not alone, another earlier Sino-foreign joint venture Jianghuai Volkswagen, its first model Sihao E20X was unveiled in May last year, but more than a year later.

  Ford Volkswagen Zhongtai Jianghuai 2019-08-05