Automotive Industry Concerns learned from the eye of the sky that Guanzhi Automobile Co. has added a number of new information on the executors, with a total of more than 33.84 million yuan of the subject matter of the execution. Among them, on April 3, Guanzhi Automobile added three new executor information, the execution subject matter were 11803864.0 yuan, 13191331.0 yuan, 8500154 yuan, the execution court for the Intermediate People's Court of Suzhou; on April 4, the new executed subject matter was 349,961 yuan, and the execution court was the People's Court of Shanghai Pudong New Area.
In fact, since entering 2023, Guanzhi Automobile Co. Ltd. has been constantly increasing the information of the executed. From January 1, 2023 to April 7, 2023, Guanzhi Automobile's executor information has increased by 61 items. As of this writing, the history of Guanzhi Automobile is 267 executed cases, and the total amount executed is 1.031744592 billion yuan.
In addition, the company also has a number of default executors (old scoundrels), restriction of consumption order and final case information, the total amount of unfulfilled more than 200 million dollars, of which 10 default executors, the proportion of unfulfilled is 100%; restriction of consumption order is 200; 229 legal proceedings, the total amount of the case is 517.4845453955 million dollars, the identity of the plaintiff/appellant 1225.5064 million dollars, the identity of the defendant/appellee 5.0522947555 million dollars.
At the end of March, a number of media reports said that the production base of Guanzhi Automobile is in a state of shutdown, which is located in Changshu Economic and Technological Development Zone, and the research and development department located in Shanghai has been withdrawn, and since last year, Guanzhi Automobile has been included in the consumer blacklist by Shandong Province Automobile Circulation Association, and now there are no Guanzhi Automobile sales outlets in Jiangsu, Zhejiang, Shanghai, Anhui and other places. In addition, in May 2022, the judicial auction platform also appeared a number of Guanzhi automobile auction related information, in December 2022, Anhui Wuhu Economic and Technological Development Zone People's Court issued an auction notice, the subject of the Guanzhi Automobile Co., Ltd. of the automobile production line equipment, the starting price of about 123 million yuan, the industry that the Guanzhi automobile production line are auctioned by the court, not far from the complete bankruptcy. Since then a large number of Guanzhi 7 new car appeared in the judicial auction platform waiting for the auction, which came from Shandong, Zhejiang, Hubei, Henan, Chongqing and other regions of the seized car.
Guanzhi Automobile is Baoneng's brand, the earliest from Chery, in 2007 Chery Automobile and Israel Group *** with the creation of Chery Quantum Automobile Co. 2011 Guanzhi Automobile brand was created and high hopes, Chery Automobile Chairman Yin Tongyue once said, "Audi is the idol of Guanzhi Automobile, Guanzhi Automobile to do China's Hyundai. " At that time, the first model of Guanzhi Auto competitors targeting the Volkswagen Sprint, and in the period of 2014-2016, Guanzhi Auto has launched the Guanzhi 3 five-door version, Guanzhi 3 urban SUV, Guanzhi 5 SUV and Guanzhi 3 GT *** counting four models, but due to the Guanzhi Auto market sales performance is dismal and constant losses (2014-2016 net loss of 2.2 billion yuan, 2.5 billion yuan and 1.9 billion yuan, three-year cumulative loss of 2.2 billion yuan, 2.5 billion yuan and 1.9 billion yuan, respectively). billion and 1.9 billion yuan in 2014-2016, a cumulative loss of more than 6 billion yuan in three years) became Chery's outcast, and was eventually acquired by Baoneng Group.
In December 2017, the "rich and powerful" Baoneng Group strategically invested in Guanzhi Automobile to become a major shareholder, forming a tripartite shareholder holding of Baoneng, Chery Automobile, and Quantum.At the beginning of 2018, Baoneng Group acquired 51% of Guanzhi's shares for 6.63 billion yuan, formally becoming the controlling shareholder of Guanzhi Automobile. In January 2019, Baoneng again purchased 12% of Quantum's shares for 1.56 billion yuan, increasing Baoneng Group's shareholding in Guanzhi to 63%. The arrival of Baoneng Group brought a short-lived glory for Guanzhi Automobile, data show that the sales of Guanzhi Automobile in 2018 were 63,200 units, a year-on-year increase of 320%, of which the highest increase in sales in a single month was 400%, the reason is that this year's sales were mainly derived from the Baoneng through the associated car leasing company for Guanzhi to take an order for 95,000 units, and therefore Guanzhi Automobile's sales soon took a big drop.
At that time, Yao Zhenhua, the head of Baoneng Group, had also announced that he would invest heavily in Guanzhi Automobile, putting aside 50 billion yuan for the development of new Guanzhi Automobile products and launching 26 new models in 2022. However, the ideal is always beautiful, but the reality is not so. After experiencing a high moment in 2018, the sales of Guanzhi Automobile soon took a big drop. Data showed that the sales of Guanzhi Automobile fell to 22,700 units in 2019, a year-on-year decline of 63.4%, and in 2020, Guanzhi Automobile released the Guanzhi 7 new car, but also failed to reverse the decline, and the sales of that year fell to 13,100 units again. By 2021, Guanzhi Automobile, facing internal staff turnover, external suppliers and dealers rights, sales losses and many other factors, its sales again cut, Guanzhi Automobile sales of only 5,200 units in 2021, the average monthly sales of less than 450 units.
In November 2022, a document titled "Execution Ruling Letter of Changshu Municipal People's Court of Jiangsu Province" showed that Changshu Municipal People's Court issued a query notice to financial institutions, network payment institutions, insurance institutions, securities institutions, real estate registration departments, vehicle registration departments and market supervision departments through the network execution search and control system, and analyzed the property query and found that Guanzhi Automobile only had deposits under its name of 2651.30 yuan, at the same time, the real estate as well as vehicles of Guanzhi Automobile have been seized by dozens of rounds.
And Guanzhi Automobile's "big gold owner" Baoneng Automobile is also difficult to protect itself, 2021 Baoneng Automobile due to financial problems, has been exploded "manufacturing base stopping work", "layoffs ", "cut employees' social security", "shut down" and many other issues, and since then it is mired in liquidity crisis, facing financial products overdue, debt defaults and other difficulties, had to be through the reduction of equity held by listed companies, Pledging shares, disposal of assets and other ways to continue to recoup funds.
A few days ago, shenzhen yintong qianhai financial assets trading center in its official website released two with baoneng related debt investment announcement, the content involves baoneng's assets will be disposed of, respectively, for baoneng real estate entrusted loan debt and baoneng automobile trust loan debt, including shenzhen longgang baoneng science and technology park and so on a number of mortgages and pledges, involving more than 7.6 billion yuan of debt. As of press time, the history of Baoneng Automobile Group executors for 55 cases, the total amount of executed 5.251476096 billion yuan.
Today, whether it is Baoneng Automobile or Guanzhi Automobile has been a chicken feather situation, in the executor of the information continues to increase, the production line was auctioned as well as lawsuits and other negative news, Baoneng Automobile or Guanzhi Automobile in the future, we have no way of knowing, but in the highly competitive automotive industry, the survival of the fittest, the survival of the fittest is an inevitable trend in the market, the follow-up of the Baoneng Automobile and Guanzhi Automobile whether to turn around or leave it to the test of time. The company's success in the automotive industry is a result of the market's inevitable trend.
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