As the price war in China's electric vehicle market is increasingly fierce, China Electric Vehicle start -ups Weimar Automobile applied for bankruptcy review.
Comprehensive Finance and Reuters reported that the information network of bankruptcy and reorganization of Chinese enterprises in China shows that Weimar Automobile is applying for bankruptcy and reorganization on Monday (October 9). The applicant is Weimar AutomobileEssenceA Shanghai court is dealing with the bankruptcy application.
Before that, Weimar Automobile had 21 executed information, and the total amount of the execution exceeded 100 million yuan (RMB, the same below, about 19 million yuan), of which Weimar Automobile was recently one of them.The date of execution information is October 8th, and the implementation target is only 5,216 yuan.
In addition, there are multiple equity frozen information in Wima Automobile.Not long ago, Suzhou Weima Smart Travel Technology Co., Ltd. held the company's 6 billion stake in the company, and the frozen period was from September 27, 2023 to September 26, 2026.
Weimar Automobile is one of the first new vehicle manufacturers in China to achieve production delivery. It has been called "new forces of the new forces" with Weilai Automobile and Xiaopeng Automobile.Weimar Automobile delivered a total of 16,900 electric vehicles in 2019, second only to Weilai Motor's 20,000 600 vehicles.Wima's EX-5 models have become the top model for new automotive car companies for many consecutive months for many consecutive months.
But after that, Weimar Automobile stabbed again and again, and sales increased.Beginning in the second half of 2022, Weimar Automobile has frequently reported negative news such as salary reduction, production suspension, ownership of the headquarters building, and dealers' large -scale retreat.
A document previously circulated on the Internet showed that Weimar Automobile was accused of arrears of 248 employees for no reason from February to May from February to May.The Social Security Bureau makes administrative decisions.
Data from the Federation of Federation show that in 2022, Weimar Automobile has paid less than 30,000 units. By this year, the value has returned to zero.According to the prospectus issued by Weimar Motor in June last year, in the three years of 2021, Wima's annual losses have doubled to 8.2 billion yuan.
Weimar Automobile tried to be listed in Hong Kong last year, but announced failure; in January this year, Weimar Automobile tried to log in to the Hong Kong Stock Exchange by reverse acquisition of Apollo, a Hong Kong stock listed company, but eight months laterDeclaration failed.
In September this year, the U.S. -listed company Happy Motors announced the signing of non -binding mergers and acquisitions with Weimar Motors, plans to issue a certain number of new shares, and buy 100%equity held by Weimar Automobile shareholders.But one month later, Wima chose to enter the bankruptcy review process.
