On September 5, according to Sky Eye Inspection, Evergrande Hengchi New Energy Vehicle (Shanghai) Co., Ltd. added a new bankruptcy review case.
The applicant was Zhengtai Electric Co., Ltd., and the handling court was the Third Intermediate People’s Court of Shanghai City.
Photo source: Screenshot from Tianyancha official website.
It is reported that Evergrande Hengchi New Energy Vehicle (Shanghai) Co., Ltd. was established in 2018 and is a member of Evergrande New Energy Vehicle Investment Holding Group.
At present, Evergrande Automobile is facing severe financial and operational pressure.
On August 30, Evergrande Automobile released its 2024 interim report showing that the company’s net loss in the first half of 2024 further expanded to 20.
256 billion yuan, exceeding the whole of last year.
its liabilities reached 74.
35 billion yuan.
and its cash and cash equivalents were only 39 million yuan.
During the reporting period, the Group’s revenue was RMB 38 million, and its gross profit was RMB 2 million.
the total net loss was RMB 20.
257 billion, a year-on-year increase of 194.73%. In terms of new energy vehicle sales, it was announced that as of June 30, 2024, Evergrande Automobile has delivered a total of 1429 new energy vehicles, and will continue to cooperate with cooperating agents and Huasheng and Bosch automobile maintenance chain brands to provide users with comprehensive maintenance, guarantee and services.
, Evergrande Automobile stated that during the reporting period, based on the group’s financial situation, it actively took measures to arrange for some personnel to take vacations to further reduce operating costs.
But at the same time, the company still said that it will go all out in the future and introduce strategic investors to actively raise funds to maintain its future development plan.
In addition, Evergrande Automobile also announced that it will continue to promote the research and development of new platforms and new models based on market demand, provide users with “more forward-looking smart electric vehicle products that integrate scientific and technological aesthetics”, and promote and improve the manufacturing level of the Tianjin manufacturing base.
Ensure high-quality production and delivery.
In addition, Evergrande Automobile will further expand sales channels and explore overseas markets.
It is worth mentioning that the above-mentioned introduction of strategic investors actively raises funds to maintain existing and future development plans.
As of now, there has been no substantive progress.
On August 26, Evergrande Automobile announced on the Hong Kong Stock Exchange that discussions between potential sellers, potential buyers and the company are still in progress, but the potential sellers and potential buyers have not yet entered into a purchase and purchase agreement, and the potential buyers and the company have not yet entered into a credit agreement.
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