Recently, a person familiar with the matter broke the news: "Hanteng Automobile has notified internally that the company will complete bankruptcy and restructuring before the 25th of this month. The first phase of Hanteng Automobile's factory will also be sold to Great Wall Motors at a low price. ”
In this regard, the staff of Great Wall Motors said: "At present, we have not received relevant news, and we will implement it as soon as possible." ”
According to the data, Hanteng Automobile Co., Ltd. (i.e. Hanteng Automobile) was established in November 2013, the legal representative is Wang Gendang, jointly funded by Lantu Automobile Co., Ltd., Shangrao Hanteng New Energy Industry Center (Limited Partnership) and Shangrao Tengjun Technology Co., Ltd., with a shareholding ratio of about 61.6246%, 29.972% and 8.4034% respectively.
On April 11, 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.
It is understood that since August 2020, after Hanteng Automobile employees revealed that the company was in arrears of wages, the car company in Shangrao, Jiangxi Province, was plagued by news such as unpaid work stoppage, factory shutdown, and mortgage of production equipment.
In June 2021, Great Wall Motor suddenly announced that Great Wall Motor's vehicle and parts production base project was officially settled in Shangrao Economic and Technological Development Zone, Jiangxi. At this point, Great Wall Motors completed the takeover of the second phase of Hanteng Automobile's factory.
Executives of Hanteng Automobile have said 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.
It is understood that Hanteng Automobile is one of the six major vehicle manufacturers introduced by shangrao economic development zone, with a total investment of 13.7 billion yuan in the local area, two major bases, and a total production capacity of 350,000 vehicles per year. Among them, the total investment of the first phase is 3.7 billion yuan, with a production capacity of 150,000 vehicles, and the total investment of the second phase is 10 billion yuan, with a production capacity of 200,000 vehicles.
People familiar with the matter also said that Great Wall Motor's takeover of the first phase of Hanteng Automobile's factory will be completed after the bankruptcy reorganization of Hanteng Automobile.
Hanteng Automobile has fallen into a crisis so far, has been many rounds of layoffs and personnel voluntarily left, and there are only a few dozen employees who are still left in the factory. "These are all people who are waiting for the company to pay compensation, and most of them are Locals in Shangrao." However, although the company's internal notice completed the bankruptcy restructuring by April 25, it did not specify the follow-up treatment of existing employees.
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