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Some shares of a new force have been frozen!

2024-05-27 Update From: AutoBeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)03/03 Report--

"Automotive Industry concern" from the sky to check the information, on December 4, Tianji Automotive Technology Group Co., Ltd. added four pieces of equity freeze information, the executees are Tianji Automotive Technology Group Co., Ltd. And Zhejiang Electric Automobile Technology Co., Ltd., the frozen equity amounts are 50 million RMB, 389 million RMB, 389 million RMB and 10 million RMB respectively. 4, the total amount of frozen equity is 838 million yuan. The freeze period is from December 4, 2023 to December 3, 2026. The enforcement courts are the people's Court of Cixi City, Zhejiang Province and the people's Court of Yuecheng District, Shaoxing City.

According to the public data of Tianyan investigation, Tianji Automotive Technology Group Co., Ltd. was established in June 2015. it was formerly known as Zhejiang Electric Automobile Technology Co., Ltd., with Zhang Hailiang as its legal representative, with registered capital and paid-in capital of 879.8511546 million yuan. Is an enterprise mainly engaged in science and technology promotion and application service industry. The largest shareholder of the company is Changsha Tianji New Energy Industry Investment Fund Partnership (limited partnership), with a shareholding ratio of 24.625%.

At present, there are 8 cases of equity freeze in the company, 1 case of final capital, the total amount of execution is 50.3614 million yuan, and all are unfulfilled; 2 cases are executed, the total amount of execution is 76.9405 million yuan.

As early as April this year, it was revealed that the factory had stopped production and employees' wages would be paid according to the minimum standard. The notice shows that due to the influence of the company's funds and production and sales plans, some positions in the company have implemented the policy of suspending production and work since April 1, 2023. During the period of suspension of work and production, the social security of employees shall still be declared in accordance with the original base. After the first payment cycle, the relevant employees will pay living expenses in accordance with the local minimum wage until the company resumes production. During this period, employees can find new employment opportunities on their own and leave voluntarily.

Tianji Automobile, formerly known as Electric Cafa car, was established in 2015 as a sub-brand incubated within Letv Automobile. In 2017, Zhang Hailiang, then CEO of Letv Automobile, entered the electric coffee car and launched the first model of electric coffee EV10, which was regarded as the veteran brand among car manufacturers at that time, focusing on the mini electric vehicle market. Later, in order to enter the high-end market, the electric car changed its name to Skyline Automobile, and factories were built in Changsha, Hunan, Shaoxing, Zhejiang, and Nanning, Guangxi, with a total planned production capacity of 220000 vehicles, which is also the advantage of Skyline over other new domestic car-building powers. however, the road of Skyline Automobile's transformation is not smooth.

At the Guangzhou Auto Show in 2018, Skyline's first production model, the Skyline ME7, was unveiled as a medium-and large-scale pure electric SUV. The car was originally scheduled for delivery in the first quarter of 2020, but several delays eventually went on sale in September 2020, priced between 21.88 yuan and 289800 yuan.

So far, Skyline has a total of pure electric car ME7 and extended range hybrid ME5 two models, but its sales are far less than "Wei Xiaoli". According to the retail data of the Federation of passengers, the cumulative sales of Skyline cars in 2022 is 3016, which is less than the monthly sales of Wei Xiaoli. The cumulative sales from January to April this year were 359 vehicles, and no sales data have been available since then.

According to previous media reports, Skyline car Shaoxing stopped production last year, while the Nanning factory and Qingdao factory did not actually put into production, that is to say, in fact, only the Changsha factory was actually put into production, but the Changsha factory was also shut down in April this year, meaning that Skyline's national production base has also been completely shut down.

With the reform of the automobile industry, the new forces of car building are facing "life and death speed", and this year is a year of accelerated reshuffle for car manufacturers. If car companies do not have the products they can produce, it may only be a matter of time before they are eliminated.

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