China New Energy Automobile Exhibition

Ask for the return of 1.9 billion yuan of subsidies! Evergrande Auto was ordered to stop production and sales! Dongfeng Motor Personnel Change Ambofu Fenghe China Software Headquarters Project landed in Shanghai Jiading, BYD Denza Motor landed in Hong Kong, China, D9 intended to sell for more than 600000 yuan, ideal mega owner revealed that his account was locked, and the official response was 0 1 to request the return of 1.9 billion yuan in subsidies! Evergrande Auto was ordered to suspend production and sales. On the evening of June 11, Evergrande Auto announced at the Hong Kong Stock Exchange that the relevant subsidiaries had recently received a further administrative decision issued by the relevant local administrative departments. The announcement said that the relevant local administrative departments believed that the relevant subsidiaries failed to fulfill their contractual obligations in accordance with the terms of the relevant agreements (mainly including the failure to complete the investment scale, planned capacity and annual sales targets related to the establishment of the Group headquarters, global research and development centers and global production bases in the regions under the jurisdiction of the relevant local administrative departments within the agreed time limit; Failing to build the production base and research and development center, put them into production and complete the research and development of new energy vehicle models on schedule has constituted a breach of contract, and the purpose of the relevant agreement can not be objectively realized according to the operating conditions of the relevant subsidiaries, so according to the provisions of relevant laws and regulations, the processing decisions are as follows: (1) cancel three of the relevant agreements; (2) The relevant subsidiary companies shall, within 15 days from the date of receiving the administrative decision, return to the relevant local administrative departments all the awards and subsidies that have been issued, totaling about 1.9 billion yuan. At the same time, Evergrande Auto said that if the above treatment results were finally implemented, the Group would face the risk that the relevant factory land would be forcibly recovered, and the above ground buildings and equipment would be used to repay the rewards and subsidies, which would then have a significant impact on the financial status and operations of the Company or relevant subsidiaries. In addition, Evergrande Automobile said that its subsidiary, Evergrande New Energy Vehicles (Tianjin) Co., Ltd., had recently received a notice from another relevant department. After checking the maintenance of production access conditions for Tianjin Evergrande's new energy passenger vehicle products, the department proposed three problems that need to be rectified and proposed to order Tianjin Evergrande to stop producing and selling new energy passenger vehicle products, And make rectification. During the rectification period, the department will suspend the acceptance of Tianjin Hengda's new energy passenger vehicle and new product declaration, as well as the electronic information transmission of the new energy passenger vehicle product certificate, and will resume after the rectification is completed and the production access conditions are met through review. In this regard, Evergrande Automobile said that the company attaches great importance to the department's inspection of Tianjin Evergrande, and actively rectifies the problems after its inspection. The company plans to submit the complaint rectification materials to the department before the above deadline. If the above proposed treatment opinions are finally formally implemented, they will have a significant impact on the Group's business performance. The annual report shows that the total revenue of Evergrande Auto in 2023 will be 1.34 billion yuan, of which more than 1.1 billion yuan will come from property sales, and the annual loss will be 11.995 billion yuan. According to statistics, Evergrande Auto has accumulated losses of more than 100 billion yuan, including 56.344 billion yuan in 2021 and 27.664 billion yuan in 2022. As of December 31, 2023, Evergrande Auto had total assets of 34.851 billion yuan and total liabilities of 72.543 billion yuan. It was seriously insolvent and faced huge financial pressure. It is understood that at present, Evergrande Automobile is seriously short of funds, and the factory in Tianjin has been closed since the beginning of the year. However, Evergrande Automobile once said in its annual report that it would spare no effort to introduce strategic investors to actively raise funds to maintain the company's survival and future development plans. With the introduction of strategic investors and the availability of funds, the company plans to continue to promote the development, verification and mass production of Hengchi 5 annual funds and changes, Hengchi 6 and Hengchi 7. On the evening of May 26, Evergrande Auto, a Hong Kong listed company, announced that the joint and individual liquidators are and represent China Evergrande Group (in liquidation), Evergrande Health Industry Group Co., Ltd Acelin Global Limited (collectively referred to as the potential seller) signed a term sheet with an independent third party buyer on May 16. The potential buyer jointly holds 6.348 billion shares of Evergrande Auto, accounting for about 58.5% of all issued shares, that is, potential sale shares. After the signing of the sale and purchase agreement and subject to its terms and conditions, it is hereby proposed that 3.145 billion potential shares for sale (accounting for about 29.0% of all issued shares on the date of this announcement) will be acquired immediately, and 3.203 billion potential shares for sale (accounting for about 29.5% of all issued shares on the date of this announcement) It will become the subject of an option exercisable by the potential buyer within a certain period after the date of the sales agreement. It is worth mentioning that Evergrande Auto also mentioned in the announcement that Evergrande Auto has also learned that the term sheet mentions the conclusion of a credit agreement, according to which the potential buyer will provide Evergrande Auto with a credit amount to finance the continuous operation and development of the Group's electric vehicle business. Evergrande Auto said that the term sheet is not legally binding, except for confidentiality, transaction restrictions, regulatory laws and jurisdiction and other provisions. The sales agreement and credit agreement have yet to be further negotiated and finalized by both parties, so the final terms of the sales agreement and credit agreement may be different from those listed in the term sheet. 0 2 Official announcement! Personnel changes of Dongfeng Motor Corporation On June 11, according to the official website of Dongfeng Motor Corporation, Dongfeng Motor Corporation ushered in personnel changes again. From the officially released leadership team structure chart, we can see that the leadership of Dongfeng Motor Group has added two more people, including Liu Yanhong, director and deputy secretary of the Party Committee of Dongfeng Motor Group Co., Ltd., and Peng Yuanpu, deputy general manager and member of the Standing Committee of the Party Committee of Dongfeng Motor Group Co., Ltd. According to public data, Liu Yanhong has a very rich work experience. She once served as the Deputy Director of the Party School Office of the Shiyan Municipal Party Committee, the Director of the Teaching and Research Section of Party History and Party Construction of the Shiyan Municipal Party School, the Chief of the Organization Section of the Party School of the Shiyan Municipal Party Committee, the Vice Chairman of the Shiyan Women's Federation, the member of the Standing Committee of the Shiyan Zhushan County Party Committee, the head of the Organization Department, the Deputy Director of the Foreign and Overseas Chinese Affairs Office of the Hubei Provincial Government, the member of the Standing Committee of the Enshi Prefecture Party Committee Director of the Organization Department, Deputy Director of the Organization Department of the CPC Hubei Provincial Committee, Secretary of the Party Leadership Group of the Human Resources and Social Security Department of Hubei Province, Secretary of the Party Leadership Group of the Civil Service Bureau of Hubei Province, Director of the Human Resources and Social Security Department of Hubei Province, etc. Peng Yuanpu also has a wealth of work experience, having served as a director of Guoji Automobile Co., Ltd., secretary of the Party Committee of YTO Group Co., Ltd., chairman and secretary of the Party Committee of China Automotive Industry Import and Export Co., Ltd. It is worth mentioning that the leadership of Dongfeng Company has been adjusted many times since 2024. On March 27, Dongfeng Motor announced that Zhou Zhiping was appointed as the director, general manager and deputy secretary of the party committee of Dongfeng Motor Group Co., Ltd., and removed from his post as the deputy general manager and member of the standing committee of the party committee of China First Automobile Group Co., Ltd. On April 30, Huang Yong, Secretary of the Party Committee and Executive Deputy General Manager of FAW Toyota, was transferred to Dongfeng Motor Corporation as Deputy General Manager of Dongfeng Motor Group Co., Ltd. At present, the leadership of Dongfeng Motor Group consists of nine members, Yang Qing, Zhou Zhiping, Liu Yanhong, Zhang Zutong, You Zheng, Feng Changjun, Huang Chuan, Huang Yong and Peng Yuanpu. Dongfeng Motor Group Co., Ltd. is one of the leading enterprises in China's automobile industry. Its brands include independent brands and joint venture brands. Among them, joint venture brands include Dongfeng Nissan, Dongfeng Honda, Dongfeng Infiniti, DPCA, and independent brands include Dongfeng Landu, Dongfeng Fengshen, Dongfeng New Energy, Dongfeng Fengxing, etc. 0 3 Ambofu Fenghe China Software Headquarters Project landed in Shanghai Jiading on June 12. According to the official WeChat message of "Shanghai Jiading", Ambofu Fenghe China Software Headquarters Project will be landed in Shanghai International Automobile City Information Industrial Park. It is reported that Fenghe Software will strengthen cooperation with Chinese chip suppliers, vehicle manufacturers, etc. through this project, jointly develop solutions suitable for the Chinese market "China Core", promote the localization chip strategy, and realize the sustainable and healthy development of China's automobile industry chain. design sketch; Photo source: According to Shanghai Jiading, Fenghe Software Co., Ltd. was founded in 1981 as an intelligent interconnection system software provider with branches in 20 countries. In December 2022, Ambofu completed the acquisition of 100% stake in Fenghe Software Company with about 25.2 billion yuan, and Fenghe Software Company became a wholly-owned subsidiary of Ambofu. In 2023, the total revenue of Fenghe Software Company will be about 1 billion yuan. At present, Ambofu has set up Ambofu Central Electric (Shanghai) Co., Ltd. and Ambofu Electrical System Co., Ltd. in Anting. Ambofu Fenghe Software Co., Ltd. will act as the software center of Ambofu to promote the development of Ambofu in the automotive software industry. The report also said that the gathering of Ambofu manufacturing center and software center in Anting will help enterprises better adapt to and grasp the opportunities in the Chinese market and improve their performance in the Chinese market. According to the prediction of Ambofu, according to the current 30% business share of Ambofu in the Asia Pacific (mainly in China) market, it is estimated that by 2030, the total market value of Ambofu's Chinese auto software market will reach 12.9 billion yuan, and the auto software industry where Ambofu Fenghe Software Company is located is expected to have explosive growth. 0 4 BYD Denza has landed in Hong Kong, China, and D9 intends to sell for more than 600000 yuan. On the evening of June 11, Denza officially landed in Hong Kong, China, and Denza D9 intends to sell for 660000 to 750000 Hong Kong dollars (currently equivalent to about 613-609700 yuan). Denza Motor said that the first Denza flagship store in Hong Kong, China, is located in the Kowloon Bay Auto Business District and will open at the end of June. Picture source: Denza D9, 2024 models of Denza, was launched on March 6 this year. The selling price range of DM-i models was 3398-449800 yuan, and the selling price range of EV pure electric models was 3798-469800 yuan. The car's configuration has been comprehensively upgraded, including Nappa leather seats, wood veneer and suede ceiling, seat ventilation and heating, zero gravity seats, ten point massage, cold and warm refrigerators and other luxury configurations. It is worth mentioning that D9 also launched the Pioneer collar version with a price of 600600 yuan, and added "Kuangdami" interior color and a number of luxury configurations. In addition to Denza D9, Denza N7 and N8 are currently on sale. However, this time, Denza has not announced whether these two models will be launched in Hong Kong, China, and the corresponding price has not been announced. In addition, Denza Z9 GT, as a new member, made its debut at this year's Beijing Auto Show. Based on previous news, this car is a global model, which will not only be sold in the Chinese market, but also enter the international market, with the overseas price of more than one million yuan. 0 5 The ideal Mega owner revealed that his account was locked. The official response was that recently, a netizen posted on the social networking platform that his ideal car and vehicle account was locked, resulting in his inability to operate his vehicle. At the same time, a screenshot of the account locked by the community administrator and unable to log in was sent. The owner said that the car he bought was full price, and he didn't make any improper remarks. For the locking of the vehicle account, the owner also sent several questions about the locking of the vehicle. For example, what causes the number blocking, why the community administrator has the authority to block the ideal owner's mobile phone number, why the community associated account will affect the owner's mobile phone Bluetooth key unlocking operation of the vehicle and other issues. As soon as the matter was sent out, many netizens discussed it on the Internet. As soon as the matter was sent out, many netizens discussed it on the Internet. A netizen commented that the mobile smart car control is the selling point of the brand in product promotion, and consumers have already paid for this service. Is it possible to lock the car when you say it is locked? If there is anything the blogger has done, it is good to ban the community speaking function. No matter what, he has no right to lock the account. Mobile phone unlocking is a selling point and should have the highest control over it. In addition, some netizens pointed out that there must be a reason for the account being closed, and it will not be closed for no reason. If you are blocked for no reason, it is an ideal car control problem. You will not be blocked alone. This probability is similar to winning a prize. If you are blocked, you can use the key to achieve all functions of driving. For the follow-up of this matter, the car owner also announced the response of the ideal official customer service on the social platform. The official customer service said that the ideal car app will detect some abnormal behaviors of community users, such as multiple car friend accounts in a short time. In order to protect everyone's privacy and account security, the system will determine that there may be risky behaviors, and will temporarily suspend the login of the APP account. The main car control account will not be suspended. It is understood that the vehicle involved in this incident is the ideal mega, which was launched on March 1 this year. The new car is positioned as a pure electric MPV, with a price of 559800 yuan. Ideal Mega was once regarded by Ideal Car as an important incremental model to achieve the annual sales target of 800000 vehicles. At that time, the official expected monthly sales of new vehicles to reach 8000 vehicles. However, the launch of new vehicles was affected by malicious P charts, which affected the sales of ideal Mega. According to the data, the sales volume of the ideal MEGA in the first month of listing was 3229, and only 1145 in April.