WM Motor forced to execute 2245 million RMB, executed 26 times on the same day Is it in dire straits?

WM Motor forced to execute 2245 million RMB, 26 times in one day Is it in dire straits?

【Phoneauto News】On October 13th, Phoneauto noticed that according to the information displayed on the Tianyancha App, on October 11th, Weimar Automobile Technology Group Co., Ltd. added 26 pieces of information about executed individuals, with a total execution amount of more than 22.45 million yuan, involving disputes over technical service contracts, sales contracts, equity transfer disputes, and other cases. The executing courts include Shanghai Qingpu District People’s Court and Chengdu Longquanyi District People’s Court.

Weimar Automobile

According to public information, Weimar Automobile Technology Group Co., Ltd. was established in May 2012, with SHEN HUI as its legal representative and a registered capital of 6 billion yuan, fully owned by Suzhou Weimar Smart Travel Technology Co., Ltd. Recently, the company’s application for bankruptcy review has attracted attention. According to the risk information on Tianyancha, the company currently has more than 40 pieces of information about executed individuals, with a total execution amount exceeding 130 million yuan. In addition, there are also restrictions on consumption orders and multiple equity freeze information.

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Weimar Automobile forced to execute 22.45 million

In the earlier years, as a member of the domestic new energy vehicle forces, Weimar Automobile achieved good market performance. However, due to a series of reasons such as increasingly fierce market competition, the company’s operating conditions gradually deteriorated. In the first half of 2023, there was news that Weimar Automobile was unable to pay employee salaries and the factory was shut down. In October of this year, there were also bloggers who revealed that a large number of Weimar car owners complained that the supporting software “Weimar Intelligent Travel” and “Xiao Wei Travel” Bluetooth keys and remote control functions were not working, showing network anomalies, suspected to have been shut down in the background.

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