We learned from the Internet that Hanteng Automobile recently issued an internal notice that Hanteng Automobile will complete bankruptcy and restructuring before April 25, and the first phase of Hanteng Automobile's factory will be sold to Great Wall Motors at a low price. It is reported that Great Wall Motor will take over the first phase of Hanteng Automobile's factory after the bankruptcy reorganization of Hanteng Automobile is completed.
On April 11 this year, Hanteng Automobile underwent industrial and commercial changes, Shangrao Tengjun Technology Co., Ltd. withdrew, and the equity was taken over by Lantu Automobile Co., Ltd., and the shareholding ratio rose to 70.028%. The shareholding ratio of Shangrao Hanteng New Energy Industry Center (Limited Partnership) remains unchanged.
In June 2021, Great Wall Motor's vehicle and parts production base project was officially settled in Jiangxi Shangrao Economic and Technological Development Zone. At this point, Great Wall Motors completed the takeover of the second phase of Hanteng Automobile's factory. However, Hanteng Automobile said in an interview that Great Wall Motors only invested in the purchase of the second phase of Hanteng Automobile's factory and equipment in the factory, and did not participate in the restructuring of Hanteng Automobile.