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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 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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  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 debt is insolvent! Evergrande suffered a huge loss of 84 billion yuan in two years.

  Evergrande's report card has finally been made public! On the evening of July 26, Evergrande issued three consecutive performance reports, including the results for the year ended December 31, 2021, the results for the year ended June 30, 2022, and the results for the year ended December 31, 2022. The report shows

  Cars Evergrande losses products groups performance models liabilities Operations success Business Company Annual Cash Cash flow 2023-07-27
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  The debt is insolvent! Bowo's annual loss is 2.1 billion yuan

  BAIC Foton Motor Co., Ltd. (hereinafter referred to as "BAIC Foton") released its annual report on April 30, showing that its operating income reached 54.97 billion yuan in 2021, down 4.83% from the same period last year. The net loss was 5.06 billion yuan, down 3372.75% from the same period last year. In view of the performance from profit to loss. BAIC

  Insolvent annual loss 2022-05-02
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  The debt is insolvent! Guangfeike lost 650 million yuan net for half a year.

  On July 27th, GAC GROUP announced that he planned to extend the RMB 250 million entrusted loan to GAC Fiat Chrysler, a joint venture company, until December 31, 2022. On July 18th, the Stellantis Group announced: "Stellantis will

  Fick Group Freedom Factory Company Fiat production Brand Automobile Fiat Model sales Clay Changsha Chrysler 2022-07-28
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  The Kia joint venture company is insolvent!

  A few days ago, the official website of Kia Automobile of South Korea officially disclosed the financial information of joint ventures and associated enterprises in the first quarter of 2023. Jiangsu Yueda Kia Automobile Co., Ltd., a joint venture company in China, has a total debt of 2.4709 trillion won (about 13.613 billion yuan).

  Kia Yueda exports models cars sales Jiangsu Electric Company Market Dongfeng employees Brands New Energy assets 2023-07-02
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  Seriously insolvent! An electric car company filed for bankruptcy liquidation

  On March 6, Lifan Science and Technology (Group) Co., Ltd. (hereinafter referred to as "Lifan Technology") issued a notice that the board of directors approved the "motion on the application for bankruptcy liquidation of Henan Lifan New Energy Electric vehicle Co., Ltd., a wholly-owned subsidiary". It is agreed that Henan Lifan should apply to the court for bankruptcy liquidation. The data show that Henan Li

  Lifan company model automobile technology Geely Henan sales bankruptcy liquidation court similar market motorcycle motorcycle 2023-03-07
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  Seriously insolvent! Weima headquarters building will be moved out in arrears of rent

  The whole staff is facing rumors of suspension of pay and staying on duty, which once again puts the shaky Weima station at the forefront of the waves. According to related reports, in order to reduce expenses, Weimar will launch a new round of pay reduction plan and internal notice that all staff will be suspended from work. According to the report, Weima will pay 25% of its employees as soon as March, and this time

  Weimar employees cars wages production headquarters factories offices sales without pay full staff status payroll stores problems 2023-02-17
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  The debt is insolvent! The subsidiary company lost 5 billion in three years and became a "drag" of the group.

  In recent years, with the reshuffle of the domestic car market, many joint venture car companies have been marginalized. It is precisely for this reason that the company has become a "drag" on the group, leading to a decline in group profits. For example, before SAIC-Volkswagen claimed that Skoda was a drag on the company's performance, GAC GROUP's latest financial report showed that Guangzhou Auto Fick has also become the biggest lossmaking brand under the group.

  Group 2021-04-04
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  The assets are insolvent, and it is revealed that a new power brand has stopped production

  Founded more than 6 years, Yundu Motor seems to have been unable to support! Recently, Haiyuan compound material announced that the company will transfer 11% of its shares in Yundu New Energy Automobile Co., Ltd. (hereinafter referred to as "Yundu Automobile") to Zhuhai Yucheng Investment Center Co., Ltd. (hereinafter referred to as "Zhuhai Investment"). The transfer price is 22 million yuan. After the completion of this transaction, the company no longer holds a stake in Yundu. Since its establishment, its ownership structure has undergone many changes, but Haiyuan compound material's shareholding ratio has not changed, and now Haiyuan compound material has decided to transfer its stake in Yundu Automobile, a move intended to stop losses. Haiyuan compound material is listed in the announcement.

  Yundu car 2022-04-15
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  When the assets are insolvent, Zhongtai's controlling shareholders apply for bankruptcy reorganization

  On the evening of September 1, Zhongtai Automobile announced that its controlling shareholder Tieniu Group Co., Ltd. (hereinafter referred to as "Tieniu Group") recently received a "civil order" issued by the people's Court of Yongkang City, Zhejiang Province. the court has accepted Tieniu's application for reorganization. The announcement shows that because Tieniu Group is no longer able to pay off its maturing debts, and the amount of book assets is less than the amount of liabilities, it should be determined that assets are not sufficient to pay off all debts, but Tieniu Group's assets are diversified and have core value. Through the pre-restructuring phase of work, Tieniu Group also has a certain restructuring basis. According to the relevant provisions of the Enterprise bankruptcy Law of the people's Republic of China, the court is subject to.

  Iron Niu Group Zhongtai Motors 2020-09-02
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  Another autonomous car company became insolvent and applied to the court for restructuring.

  On the evening of August 6, Lifan shares announced that the controlling shareholder, Chongqing Lifan Holdings Co., Ltd. (hereinafter referred to as "Lifan Holdings"), on the grounds that it was unable to pay off its maturing debts and its assets were insufficient to pay off all its debts, apply to the Fifth Intermediate people's Court of Chongqing (hereinafter referred to as "the Court") for judicial reorganization. At present, Lifan Holdings has submitted an application for restructuring to the court, which may have an impact on the company's ownership structure. According to the announcement, Lifan Holdings has been facing debt risks since 2017. although it has tried its best to formulate relevant plans and resolve related problems through a variety of ways, it still cannot completely get rid of its liquidity crisis.

  Lifan shares 2020-08-07
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  Insolvent? Huatai has a debt of 29.4 billion yuan, but now it has only 130000 yuan on its books.

  In the face of the continuous cooling of the automobile market, and with the gradual saturation of the domestic automobile industry, many automobile companies are facing the situation that they are about to be eliminated. A few days ago, the media revealed that after the court conducted an asset investigation on Huatai Motor, it was found that the value of only one car remained on the company's books. Who would have thought that the nearly 20-year-old carmaker would end up like this? According to the property investigation conducted by the people's Court of Tianjin Binhai New area on Huatai Automobile Group, all its subsidiaries have been pledged and the shares of listed companies held have been frozen. All bank deposits under Huatai Automobile Group add up to only 132,239.

  Huatai has a debt of 29.4 billion yuan and a book balance of only 130000 yuan. 2019-10-06
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  The debt is insolvent! Futian Motor compensates 400 million yuan loan for Baowo.

  Last night, Futian Motor, a Chinese commercial vehicle brand, announced that the company's shareholding company Beijing Baowo Automobile Co., Ltd. and Huaxia Bank had not reached an agreement on the plan of "borrowing the new to return the old" for the 400 million yuan loan, and was unable to repay the 400 million yuan loan principal and related interest of Huaxia Bank on time. On September 18, 2021, the company has paid 404 million yuan to Huaxia Bank to pay the principal, interest and penalty interest of the above-mentioned guaranteed loan. After the company reimburses the guaranteed loan, the guarantee balance to Beijing Baowo is 310 million yuan, and the overdue guarantee amount is 310 million yuan. According to official introduction, Bowo car has a history of 100 years, in 1.

  Beijing Auto's Foton 2021-09-22
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  Huatai Motor has repeatedly delayed the transfer of shares by the Shanghai Stock Exchange.

  Stop production, owe wages, be insolvent, make a false report. Huatai Motor, which has recently been plagued by negative news, has been criticized by the Shanghai Stock Exchange. In view of Huatai Automobile's violations, it is pointed out in the "decision on continued punishment" that the disciplinary action will be notified to the China Securities Regulatory Commission and included in the integrity files of listed companies. According to the data survey, dawning shares disclosed on March 1, 2017 on the change of control notice that its former controlling shareholder dawning Group and Huatai Motor signed the "Equity transfer Agreement" and "Voting entrustment Agreement". After the completion of the share transfer and the entrustment of voting rights, Huatai Motor will become the holding of the company.

  Automobile equity transfer Huatai Automobile 2019-08-04
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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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  80% debt! The future of GAC-Mitsubishi is a mystery.

  A few days ago, GAC GROUP announced that according to the actual situation of some joint ventures and joint ventures, GAC GROUP and its wholly-owned subsidiary Guangzhou Automobile parts Co., Ltd. through entrusted loans and other means to provide financial support to promote the follow-up work of joint ventures and joint ventures

  Mitsubishi Group Fick Enterprise Factory Product Outlander Outlander Company sales Changsha Operation Total amount assets vehicle models 2022-09-30
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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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  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