Gisi Automobile learned that according to the Tianyan App, recently, Hechuang Automotive Technology Co., Ltd.(hereinafter referred to as “Hechuang Automobile”) added 7 new pieces of equity freezing information.
The companies whose equity has been executed are GAC Passenger Vehicles (Hangzhou) Co., Ltd., the total amount of frozen equity is 41.
16 million yuan, and the freezing period is from August 15, 2024 to August 14, 2027.
, Data shows that GAC Passenger Vehicles Hangzhou Company was established in December 2021.
The two major shareholders, GAC Passenger Vehicles and Hechuang Automobile, hold 51% and 49% respectively, of which Hechuang Automobile has subscribed approximately 2.
073 billion yuan.
Hechuang Automobile was established in April 2018 and is jointly held by Guangdong Zhutou Intelligent Technology Investment Co., Ltd., GAC Aian New Energy Vehicle Co., Ltd., GAC Group, etc.
Photo source: Tianyan App, the predecessor of Hechuang Automobile was GAC Weilai.
At the end of 2017, GAC NIO signed a contract for cooperation on the project.
Two years later, the Hechuang brand was released, and the first product, Hechuang 007, was delivered in May of the following year.
Then, Wei Lai withdrew his shares.
Currently, Hechuang Automobile has a total of four models on sale, covering multiple markets such as cars, SUVs and MPVs.
However, Hechuang Automobile exploded this year.
Previously, it was reported that some car owners had not mentioned the car for a month or two after booking it.
In addition, Hechuang Automobile was exposed by employees to the news that it was owed wages and would not refund employees and contributions.
It is reported that “follow-up payment” refers to the implementation of employee stock ownership plans by HECHUANG Automobile in batches between 2018 and 2021, forcing more than 50 employees to follow and invest, with a cumulative amount exceeding 100 million yuan.
The sluggish sales are the reason for the poor performance of Hechuang Automobile.
Data shows that from 2022 to 2023, the annual sales of Hechuang Automobile will be less than 20,000 units, failing to achieve a sales scale effect.
Although it is backed by GAC Group, the latter has “biological sons” such as Ai ‘an and Trumpchi.
In fact, Hechuang Automobile does not have many resources.
At a time when market competition is becoming increasingly fierce, Hechuang Automobile’s situation is getting worse and worse, and now its equity in GAC Passenger Vehicles is frozen.
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