AutoBeta Home News New Vehicle Industry Report Data Report Industrial Economy

In addition to Weibo, there is also WeChat

Please pay attention

WeChat public account

AutoBeta

Singularity is filed for bankruptcy again!

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

Share

AutoBeta(AutoBeta.net)04/09 Report--

On April 9, Anhui Singularity Intelligent New Energy vehicle Co., Ltd. added a bankruptcy case with 10 applicants, including Zhong Ming, and the handling court was the Intermediate people's Court of Tongling City, Anhui Province. It is worth mentioning that 10 people, including Zhong Ming, applied for bankruptcy liquidation of the company to the Intermediate people's Court of Tongling City, Anhui Province in July 2023, and this is the second time they filed for bankruptcy.

According to the data, Anhui Singularity Intelligent New Energy vehicle Co., Ltd. is a holding subsidiary of Smart car Youhang Technology (Shanghai) Co., Ltd., with a registered capital of 1.35 billion yuan, was established in October 2016. the legal representative is Xu Jun. mainly responsible for the production and manufacture of new energy vehicles.

Earlier, Singularity Automobile R & D Center Co., Ltd. obviously lacked solvency because it was unable to pay off its maturing debts, and the bankruptcy property was insufficient to pay off bankruptcy expenses, so it declared bankruptcy liquidation in December 2023, with a total debt of 7.1983 million yuan. At the time of bankruptcy, the total property was 5614.46 yuan, which was obviously insolvent. It is understood that Singularity Automobile R & D Center Co., Ltd. is a wholly-owned subsidiary of Anhui Singularity Intelligent New Energy vehicle Co., Ltd., established in June 2018, mainly responsible for new energy vehicle products, self-driving technology research and development.

In terms of time, Singularity Motor and Weilai and Xiaopeng Motor were established at the same time, it can be said to be standing on the same starting line, and compared with "Wei Xiaoli", Singularity Automobile also released its first mass production model and self-driving plan earlier, becoming a star car company both inside and outside the industry. In the subsequent development, Singularity Motor has received a total of more than 17 billion yuan in financing.

However, Singularity, which seems to hold a good hand, has always failed to achieve mass production of automotive products. It is understood that Singularity spent a total of 28 billion yuan to build factories in Tongling, Jiangsu, and Zhuzhou, Hunan. At the same time, it also built R & D centers in Beijing, Shanghai, Tongling in Anhui, Silicon Valley in the United States, and Yudu Palace in Japan, but after a meal of operation, Singularity was still parked in the "PPT" phase.

Starting from 2018, Singularity began to go downhill, with new cars delayed to mass production on the one hand and capital problems on the other, resulting in wage arrears. Of course, Singularity Automobile also thought about saving itself and planned to seek funds through Science and Technology Innovation Board's listing financing, but in the end there was no news.

Now, the relevant companies are being filed for bankruptcy, and Singularity has become a company with all kinds of legal risks. It is worth mentioning that the official website of Singularity Automobile can be browsed normally, and the overall design style is not like a company facing bankruptcy. However, the news of Singularity remained three years ago. Meanwhile, as the CEO of Singularity, Shen Haiyin's Weibo stayed on June 25, 2020, with a four-year stop.

At present, the probability of survival of Singularity is extremely low, and the collapse of Singularity is not isolated, but the latest chapter on the survival of the fittest of new energy vehicles. With the misfortune of one new energy car company after another, who will be next?

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat

Views: 0

*The comments in the above article only represent the author's personal views and do not represent the views and positions of this website. If you have more insights, please feel free to contribute and share.

Share To

Network commentsNetwork comments are only for expressing personal opinions and do not express the position of this website

Related

News

Wechat

© 2024 AutoBeta.Net Tiger Media Company. All rights reserved.

12
Report