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After the Shanghai company was filed for bankruptcy, a new force became a discredited person.

2024-06-17 Update From: AutoBeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)12/06 Report--

According to the China Executive Information publicity Network, Aichi Automobile Co., Ltd. has been listed as the executor of bad faith by the Shangrao County people's Court for refusing to perform the settlement agreement without good reason. The information of the case process shows that the above execution involves a patent contract dispute case, and the applicant is Huajin United Patent and Trademark Agency Co., Ltd., and Aichi Automobile was executed for 45779 yuan as a result of the case. Based on this, Aichi Automobile and its legal representative Zhang Yang are restricted from high consumption and consumption behaviors that are not necessary for life and work.

According to Tianyan investigation, there are currently three cases in which Aichi Motor has been executed, with a cumulative execution amount of 18.5576 million yuan, and 21 legal proceedings, most of which are related to service contract disputes and sales contract disputes. Earlier, Anji Automotive Logistics (Shanghai) Co., Ltd. applied for bankruptcy liquidation with the Shanghai No. 3 Intermediate people's Court on the grounds that Aichi Automobile (Shanghai) Co., Ltd. was unable to repay its due debts and obviously lacked solvency.

According to the data, Aichi Automobile was founded in February 2017. the legal representative is Zhang Yang, with a registered capital of about 868 million RMB. It is jointly owned by many shareholders, such as Ningbo Meishan bonded Port area Kaijiu Investment Management Co., Ltd., Huzhou Aochi Investment Partnership (Limited Partnership), Ningbo Meishan bonded Port area Mending Investment Co., Ltd., and so on.

Founded by Fu Qiang, who once held important positions in FAW-Volkswagen, SAIC Volkswagen Skoda, Beijing Mercedes-Benz and Volvo, Aichi is headquartered in Shanghai Changyang Valley Creative Industrial Park and its production base is located in Shangrao, Jiangxi Province. it was one of the first new power companies in China to achieve mass production and delivery, and it acquired the qualification to build cars independently through the acquisition of Jiangling Holdings. And access to Ningde era, DiDi and other well-known companies investment, cumulative financing of more than 10 billion.

The Aichi U5 is the first production car of Aichi, which was officially put on the market in December 2019 with a price of 19.79-292100 yuan. Unlike other new powers, Aichi has focused its development on overseas markets. It has set up an electric sports car research and development center and factory in Germany, as well as an overseas division and an European sales company in Munich. However, for Aichi, which is more focused on overseas markets, it has not made eye-catching achievements, resulting in a lack of voice either at home or at home.

Since the beginning of 2023, Aichi Automobile has been in production and operation difficulties. Because the capital chain is broken, Aichi Automobile employees are unable to get their wages on time, and the Creative Industry Park in Changyang Valley in Shanghai is forced to move out because of long-term rent arrears. As a result, the factory in Shangrao, Jiangxi has stopped production for a long time. Under this background, Aichi car is in arrears for a long time, and more and more suppliers take it to court, and even apply for bankruptcy.

On July 21, Aichi issued a notice on the appointment of the company's CEO and CFO. Aichi Automobile said that Zhu Xiaohua was appointed as the CEO of the company, responsible for the daily operation and management of the company, the appointment date is from July 18, 2023, and Tang Meiyu is appointed as the company's financial director, responsible for the financial management of the company, the appointment date is from July 18, 2023.

At the same time, Aichi Auto employees also received a notice on the establishment of an interim working group on shareholder governance sent by the Human Resources Department. The "notice" shows that in order to promote the healthy development of the company, rectify the company's business operations, and resume daily operation, the company's shareholders' meeting approved the establishment of a temporary working group on shareholder governance, with Zhu Xiaohua and Fu Qiang as the leaders of the interim working group on shareholder governance, responsible for the operation and management of the company. In addition, Aichi will set up working groups such as the work resumption group, the R & D group, the overseas group, the domestic sales group, the fuse financing group, the IT group, the personnel group, the finance group, the legal group, and the general affairs group.

The above two notices are intended to promote Aichi to resume production and return to the auto market, but so far there is no sign of resuming production and operation, but the Shanghai company has been filed for bankruptcy liquidation and Aichi has become the executor of bad faith. In the long run, how to solve the problem of capital chain, how to protect the rights and interests of related parties, and how investors exit safely, this is still an insurmountable problem in front of Aichi.

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