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  Ideal car listing hearing through Hong Kong Stock Exchange: new car plans exposed

  According to the HKEx today, ideal Motor was heard through the HKEx, with Goldman Sachs and CICC as co-sponsors and UBS as financial advisors. Ideal car will seek to apply for dual major listing as issuers with different voting structures. According to the prospectus, the latest shareholding of ideal Automobile is disclosed, in which Li Xiang, chairman and CEO of ideal Automobile, holds 23.79% of the shares, with a voting right of up to 75.74%, 13.23% of the shares, 4.21% of the voting rights, 6.76% of the shares held by Wang Xing, 2.15% of the voting rights, 4.46% of the shares held by Fan Zheng and 1.42% of the voting rights. According to the prospectus,.

  Ideal car 2021-07-26
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  Most netizens voted not to support the collective protection of the rights of domestic Model 3 car owners.

  Since the Tesla model entered the domestic market, the relevant complaints have never stopped. From the arbitrary price adjustment last year to the current "hidden sales" have been protected by a large number of domestic car owners, and it even appears that Tesla is not sincere enough to China, but it seems that Tesla is also the same in the North American local market. A few days ago, four months after the launch of the upgraded version of the domestic Model 3 standard, Tesla was once again hit by the news that the domestic long-range rear-wheel drive version was about to appear on the market. Although the difference between the two models is 40, 000 yuan, and the subsidised price of the new model is 339050 yuan, the latter is more powerful and has 223 more mileage than the two models.

  Domestic Model 3 2020-04-15
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  a broken mirror joined together! Nissan Renault Alliance restarts

  After months of negotiations, Nissan Renault's restructuring of the alliance is finally coming to an end. On February 6th, Renault and Nissan announced that they had formally reached a framework agreement for alliance restructuring, with the two companies holding 15% of each other's shares and voting rights respectively. According to the restructuring agreement, Renault's shareholding in Nissan has increased from 43.

  Renault Alliance both sides Mitsubishi Automotive Company shares Equity Cooperation Geely Market proportional Electric restructuring Business 2023-02-07
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  Whether Jia Yueting, who has a monthly income of 93000 US dollars, can go bankrupt and reorganize needs to be voted by creditors.

  A few days ago, the news that Jia Yueting, founder of FF, voluntarily filed for personal bankruptcy reorganization was confirmed that Jia Yueting had applied to the US court for personal bankruptcy reorganization in accordance with Chapter 11 (chapter 11) of the relevant US law. According to the scheme, all FF shares and related income rights held by Jia Yueting are officially transferred to the creditor trust, which will be controlled and managed by the creditor committee and the trust trustee. This means that since the outbreak of the Letv crisis, FF, which has been regarded as the hope of repayment, no longer belongs to Jia Yueting. In the face of the approaching debt, is Jia Yueting able to evade debt repayment? In this regard, responsible for the agent.

  Whether Jia Yueting can go bankrupt and reorganize depends on the vote of the creditors. 2019-10-17
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  Acquisition completed, Volkswagen China Chengguoxuan Hi-Tech's largest shareholder

  This evening, Guoxuan Hi-Tech announced that it had issued 384 million A-shares to Volkswagen China, which was listed on the Shenzhen Stock Exchange on December 15. After the completion of the non-public offering, the total share capital of the company increased to 1.665 billion shares. as a result of the above equity changes, the shareholding ratio of Li Gong, the company's actual controller, and his co-actors changed from 23.62% to 18.17%. Volkswagen China's shareholding ratio increased from 4.41% to 26.47%, becoming the largest shareholder of the company. It is understood that the non-public offering of shares began in May 2020. 202...

  Guoxuan high-tech 2021-12-15
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  It is exposed that BAIC will increase its stake in Daimler and may become the largest shareholder.

  On November 26, according to media reports, BAIC intends to continue to increase its stake in Daimler, and if the increase is confirmed, BAIC may become the largest shareholder of Daimler. On July 23, BAIC announced that in order to strengthen the long-term strategic cooperation between the two sides, it would invest in Daimler AG, which currently owns 5% of Daimler AG, including 2.48% direct shareholding and the right to obtain additional voting rights equivalent to 2.52% of the shares. The move led to a complex triangular relationship between Daimler, BAIC and Geely. After this transaction, BAIC became the third largest shareholder in Daimler.

  BAIC Mercedes-Benz 2019-11-26
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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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  Ideal Motor listed in Hong Kong on August 12, with a maximum offering price of HK $150 per share

  According to HKEx filings, the ideal car will start trading on the Stock Exchange at 09:00 (Hong Kong time) on August 12. 100m shares will be issued through Hong Kong IPO, with a maximum offering price of HK $150m per share. Ideal Motors said it plans to use Hong Kong IPO funding to develop high-power rechargeable battery-powered vehicle technologies, platforms and future models, smart and self-driving technologies, as well as future models of add-on electric vehicles; expand production capacity, open stores, deliver service centers, open high-power charging networks, marketing; and working capital and other general corporate uses. As of.

  Ideal car 2021-08-03
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  on an equal footing! Renault Nissan restructuring agreement finalised

  After months of negotiations, Nissan Renault's restructuring of the alliance has finally been finalized. On July 26, Renault and Nissan announced that the Renault-Nissan-Mitsubishi alliance restructuring agreement was formally confirmed that the two sides would hold 15% of each other's shares. According to the agreement, Renault's stake in Nissan will be reduced to 15% from the current 43.4%.

  Renault Alliance Automotive both sides Mitsubishi Electric restructuring Market Investment Company Electric vehicle Equity Global proportional share 2023-07-27
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  The listing of Xilai Motor in Hong Kong may be postponed to next year

  According to Bloomberg, the listing of Xilai Motor in Hong Kong may be postponed until next year. According to people familiar with the matter, it is "unlikely to land on the Hong Kong Stock Exchange" before 2022, mainly because it was questioned about its structure by the Hong Kong Stock Exchange. the inquiry included a user trust fund set up by the company in 2019. It is understood that in 2018, Weilai went to the New York Stock Exchange and listed on the New York Stock Exchange. Li Bin, CEO of Lailai, said in an open letter that after long consideration, he would transfer 1/3 of his shares, that is, 50 million shares, to the trust fund.

  NextEV 2021-09-10
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  Personnel change! FF appoints Mo Cuitian as executive director

  Following Faraday's announcement of an agreement with China's Huanggang Municipal Government in the future, another personnel transfer was carried out. On January 27th, according to the official Weibo post of FF, it was announced that Mr. Mo Cuitian, Executive Vice President of FFIE Global user Ecology, was appointed as Executive Director of FFIE's Board of Directors with effect from January 25, 2023.

  Directors shareholders board of directors Faraday Faraday sir company Huanggang general meeting committee committee year funds models candidates 2023-01-28
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  After Lifan, another car company will be "revived", and the brand-new model will be exposed.

  After Lifan was revived by Geely, BAIC Yinxiang, which is mired in the debt crisis, is also expected to "revive". Recently, the second creditors' meeting of BAIC Yinxiang Automobile Co., Ltd. and Chongqing BAIC Magic Speed Automobile sales Co., Ltd. was held in the national enterprise bankruptcy reorganization case information network, and finally all the voting groups passed the draft reorganization plan by a large vote. This means that BAIC Yinxiang, which is mired in the debt crisis, is expected to usher in new development opportunities. It is revealed that after the restructuring of BAIC Yinxiang, the four shareholders contribute in the following ways: special fund with RMB 1.2 billion yuan; Yinxiang Group with RMB 487 million yuan; and Hechuan Transportation Company.

  BAIC Yinxiang 2021-02-05
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  Fiat Chrysler (FCA) has withdrawn its merger of Renault following intervention by the French government

  Fiat Chrysler (FCA) withdrew its proposed merger with Renault on Wednesday, according to people familiar with the matter. Renault's board failed to make a decision on the acquisition due to opposition from Nissan. Fiat Chrysler confirmed the news and said in a statement: "FCA remains convinced that there are compelling and transformative reasons for this proposal. However, France clearly does not have the political conditions for such a successful combination at the moment." Renault's board had planned to meet later on Wednesday to consider the proposal. But during the meeting, two Nissan representatives opposed the merger of Renault and FCA, while the rest of the board.

  Renault Nissan FCA merger 2019-06-06
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  Jia Yueting agreed with the debt committee that creditors have the right to dispose of domestic assets.

  On February 29, Jia Yueting's debt handling team issued a statement saying that Jia Yueting had formally submitted a list of core terms of bankruptcy reorganization to the Central District Court of California, which was jointly signed by Jia Yueting and the creditors Committee after several rounds of negotiation and agreement. Jia Yueting plans to submit a new version of the disclosure statement based on the list of core terms this week and start the voting process after the court approves the disclosure letter to facilitate the completion of the restructuring as soon as possible, when FF's global financing and development will also be on the fast track. Jia Yueting made huge concessions in consultation with the debt committee, and Jia Yueting will no longer want it, according to the list of core terms of bankruptcy reorganization submitted.

  Jia Yueting Faraday Future 2020-02-29
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  Land at last! Major changes in Zhongtai Automobile

  On September 4, Zhongtai Automobile Co., Ltd. (hereinafter referred to as "Zhongtai Automobile") announced that Huang Jihong is no longer the actual controller of the company, and the company has no actual controller after this change. According to the announcement, the shareholders of seven parties, including Jiangsu Shenshang holding Group Co., Ltd. (hereinafter referred to as "Jiangsu Shenshang"), have agreed to pay tribute to Huang Ji.

  Automobile Company Huang Ji Group Director Holdings Limited Co. Ltd. position shareholder Control actual huge Chairman Jiangsu 2023-09-05
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  Resurrection is hopeful! Lifan restructuring plan and investor rights adjustment plan have been passed.

  Due to increased competition and shrinking volume in the domestic market, ​ 's performance has plummeted repeatedly because it is unable to pay off its maturing debts, and Lifan has already been filed for bankruptcy reorganization by the supplier. Thanks to the fact that it still has the value of restructuring, Lifan shares have made new progress in bankruptcy restructuring recently.

  Lifan 2020-11-26
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  The three brothers get together again! Weilai announces listing in Hong Kong

  After several twists and turns, Weilai will finally be listed in Hong Kong. On February 28, Ulai issued a notice announcing that it had passed the hearing of the HKEx and obtained the approval in principle of the secondary listing on the main board of the HKEx, and the relevant listing documents had been issued. Weilai uses an introduction to the listing, with Morgan Stanley, Credit Suisse and China International Capital Corporation as co-sponsors and plans to start trading under the ticker symbol "9866" on March 10. Shares listed on the main board of the Stock Exchange will be fully interchangeable with ADS, which is listed on the New York Stock Exchange. At this point, "Wei Xiaoli" three new power car companies once again gathered in Hong Kong. It is worth mentioning that it is different from Xiaopeng and ideal.

  NextEV 2022-02-28
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  New developments! Renault and Nissan issued a statement

  On November 8, Renault and Nissan issued a statement announcing that the new alliance agreement between the two sides came into effect. According to the statement, Renault has transferred 28.4 per cent of Nissan's shares to a French trust company and now has a 15 per cent cross-shareholding with the latter and fulfills its share locking and suspension obligations. A person familiar with the matter said that Renault executives have recently

  Renault Alliance shares Mitsubishi Automotive Company both parties proportion Electric Investment restructuring Business Electric vehicles Division Japan 2023-11-08
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  French government: to consolidate the alliance plan between Renault and Nissan, will reduce its stake in Renault

  According to foreign media reports, French Finance Minister Luno Lemerre said that in order to promote the alliance between Renault and Nissan, it would reduce its 15 per cent stake in Renault. In the face of foreign media interviews, French Finance Minister Luno Lemerre said: "We can reduce the government's stake in Renault." As long as we have a stronger auto industry at the end of the process and a stronger alliance between the two major carmakers Nissan and Renault, this will not be a problem. " France, as Renault's largest shareholder, owns 15% of Renault.

  Renault Nissan the government 2019-06-09
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  Jia Yueting's bankruptcy reorganization was forced to be postponed, and only 20% of the creditors agreed to the bankruptcy plan.

  On October 11, Jia Yueting submitted a monthly document on personal bankruptcy reorganization to the Delaware bankruptcy court. According to Jia Yueting's bankruptcy plan, creditors are required to vote on November 8, 2019 whether to agree to the bankruptcy plan. If 90% of the creditors agree, the bankruptcy reorganization will be carried out in accordance with the current plan. Recently, according to documents released by the Delaware bankruptcy court, only 23% of the creditors agree with Jia Yueting's bankruptcy reorganization plan, so Jia Yueting needs to withdraw the bankruptcy plan currently submitted and postpone the voting period. Jia Yueting can continue to modify the bankruptcy plan, and the court will hold a hearing on December 18.

  Jia Yueting goes bankrupt 2019-11-10