Shulou(Shulou.com)11/24 Report--

CTOnews.com reported on September 20 that Aichi had previously fallen into operational difficulties. CTOnews.com reported in July this year that Aichi issued a notice on the establishment of an interim working group on shareholder governance, which included 10 working groups, including the resumption of work and production group, R & D group, overseas group, domestic sales group, strategic investment group, IT group, personnel group and legal group. According to this, Aichi said that "the company will resume work and production."

However, according to time Weekly, a reporter visited and found that Aichi Automobile headquarters, located in Block D of Changyang Chuanggu, 1687 Yangpu District, is now left with only abandoned tables and chairs, a layer of dust has accumulated on the table, and the nameplate of Aichi car has fallen to the ground at will.

Zhang Ming, the former employee of ▲ Tuyuan Weibo, told relevant reporters that Aichi employees involved in resuming work should re-sign a third-party labor dispatch contract. The former employee believes that this change means that behaviors such as employee payroll will bypass the main body of the company and be carried out by the labor dispatch company. Aichi also signed a confidentiality agreement with its employees, requiring them not to disclose the matter to the public.

It is reported that Aichi employees have disclosed earlier this year that Aichi has suspended operations because of a shortage of funds. The headquarters of the company lost power due to arrears of office rent, property charges and utilities, and employees were required to work from home. Moreover, employees' salaries, social security and provident funds have not been paid on time.

Aichi's salary has been abnormal since February this year, when (May 2023) wages for March and April were not settled. The company has only about 1600 employees left, many of whom have left, and the supplier of Aichi has also encountered the problem of arrears of payment.

According to the public information on ▲ Aichi U6, Tuyuan's official website, Aichi was founded in February 2017 and is one of the earlier new car-building brands in China. Founder Fu Qiang once served as head of Shanghai Volkswagen Skoda Division, Executive Vice President of Beijing Mercedes-Benz sales and Marketing, President and CEO of Volvo Automobile China sales Company, and has rich experience in the automotive industry.

Aichi launched its first production model, the Aichi U5, in December 2019, but failed to stir up waves in the market after the launch of the new car, with sales of 2600 and 3011 respectively from 2020 to 2021, according to data. Poor sales also led to year-on-year losses, with operating income of 479 million yuan in 2020 and 686 million yuan in 2021, and net losses of 1.597 billion yuan and 1.623 billion yuan respectively. As of December 31, 2021, Aichi car currency cash was only 54.64 million yuan, and the total debt was 3.359 billion yuan.

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