HS code impact on trade finance

List of the contents of this article:

• 1, The reason for the collapse of Zhongtai Automobile
• 2. List of bankruptcy of domestic automobile enterprises
• 3, What does it mean to collapse the car
• 4. Who is looking for the car manufacturer's three-in-ware

The reason for the collapse of Zhongtai Automobile

1. The brand went bankrupt, so there are no 4s stores in the country. Zhongtai's operation difficulties, lack of funds, stagnation of production and operation, lack of key internal control functions, lack of personnel in key positions, a large number of employees leaving or absent from duty, unable to operate the organization normally, major defects in the internal control environment, and lack of internal supervision, resulting in the collapse of the enterprise.

2. The bankruptcy of the parent company of Zhongtai Automobile is that the main reason for the bankruptcy is that Zhongtai Automobile's revenue and profits have begun to decline sharply, and the sales volume of automobiles have begun to decrease significantly in the entire automobile sales market, which has led to the capital chain of Zhongtai Automobile becoming very tight, which has become bankruptcy. When it comes to Zhongtai Automobile, I believe the vast majority.

3. Due to capital problems, Zhongtai Automobile's production line and products have basically stopped production. Zhongtai Automobile cannot pay off due debts, and it obviously lacks solvency, but it still has reorganization value. Therefore, it is proposed to pre-reorganing the company. During the reorganization period, Zhongtai needs to re-recruit investors, otherwise it will enter Bankruptcy liquidation.

4. According to relevant people, due to capital problems, some production lines and products of Zhongtai Automobile have basically stopped production, resulting in a loss of about 900 million yuan in net profit in the current period. Zhongtai Automobile said that in the second half of the year, due to the shortage of liquidity, the production lines that have been discontinued are likely to continue to be discontinued.

List of bankrupt domestic car companies

Byte was established in 2017, and its first model M-Byte was launched in 2022.However, under the influence of the disruption of the capital chain and internal management problems, Baiteng declared bankruptcy in August 2022. Lvchi Automobile Founded in 2008, Lvchi Automobile is one of the earliest automobile enterprises in China to enter the field of new energy.

On November 13, Dongfeng Yulong Automobile Sales Co., Ltd. applied for bankruptcy liquidation proceedings in the Zhejiang court.

In July, Guangzhou Yutu Electric Vehicle Technology Co., Ltd. went bankrupt and liquidated, and the property and equipment were publicly sold by the People's Court of Panyu District, Guangzhou.

The bankrupt automobile enterprises in this place are as follows: Wuhan Zhongou Automobile Manufacturing Co., Ltd.: The enterprise was established in 2004 and is a Sino-foreign joint venture commercial vehicle manufacturer, but due to fierce market competition, it was announced to stop production in 2015.

But turning over the history of Huali Automobile, it is hard for you to imagine that a long-established car company with a history of more than 50 years of car manufacturing can be reduced to such a cheap sale. Let's start from the beginning. In 1965, the predecessor of Huali Automobile, Tianjin Automobile Manufacturing Factory, was established, and in 1983, it was officially identified as the first batch of microcar production bases by the state.

What does it mean to collapse the car

1. In this way, maybe you have no concept. Let me give a few examples of prices: in Congo, the price per liter of oil is about $1, the monthly income of ordinary workers is $150-300, and the salary of local skilled workers in Chinese enterprises is $300-500. (Foreman nature), local skilled workers in European and American enterprises earn 1,000 dollars a month. The car toll is 3 dollars per 100 kilometers.

2. When it comes to car bankruptcy, for automobile enterprises, it means closing factories, stopping the production and sales of new cars, and the corresponding car 4S stores will also be closed, which will also have a great impact on the owners who have bought these bankrupt brand cars before. Because after buying a car, the 4S store of this brand is generally responsible for after-sales maintenance.

3、Secondly,HS code impact on trade finance for car owners, the inability of bankrupt car companies to provide normal quality assurance and service support, including after-sales service, has also been affected, resulting in the inability to maintain and repair the vehicle normally. At the same time, bankrupt car companies may not be able to provide accessories, parts, etc. of the original brand products, and the increase in costs will bring inconvenience.

4. There are many kinds of this third party, which may be a professional automobile after-sales brand, or it may be undertaken by other automobile enterprises. If the bankrupt brand is a joint venture, it may also be the responsibility of the previous foreign-funded parent company. Who will do the follow-up after-sales service will be clearly written in the final announcement of the bankrupt car company.

5. Secondly, product quality problems are also one of the reasons for the bankruptcy of Lufeng Automobile. According to media reports, in 2015, Lufeng Automobile was exposed to safety hazards in its models.For example, some consumers reported that during the driving process, some parts of Lufeng cars will be abnormally damaged, causing the vehicle to lose control and other problems.

6. Yundu Automobile: Yundu Automobile was established in 2015, but in the absence of core technology and competitiveness, the company's capital chain was seriously broken. Although Yundu Automobile has not yet admitted that it has gone bankrupt, the company has long been insolvent and completely stopped.

Who to find for the three-guarmanty of automobile manufacturers to go bankrupt

According to the provisions of the responsibility for repair, replacement and return of household automobile products, if the automobile manufacturer goes bankrupt, the three-guarante responsibility of the automobile shall be implemented in accordance with relevant laws and regulations, and generally borne by the manufacturer. Follow-up responsibility. According to the relevant legal provisions, if the operator goes bankrupt, merges, separates or changes, its three-guarantee liability shall be implemented in accordance with relevant laws and regulations.

Which department is the complaint about the car three-guarante? If you have any problems with the purchase of a three-party car, you can complain to the local consumer association or the administrative department for industry and commerce. If it has not been resolved, you can directly go to the court to sue for justice.

According to the regulations on the liability for repair, replacement and return of household automobile products, if the automobile manufacturer goes bankrupt, the three-guarante liability of the automobile shall be implemented in accordance with the relevant laws and regulations, and the manufacturer shall generally bear the follow-up responsibility. The law stipulates: "Regulations on the Liability for Repair, Replacement and Return of Household Automobile Products".

If your car has not passed the three-guaranty period and the manufacturer has gone bankrupt, you can directly find the corresponding three-electric supporting manufacturers. Generally, the three-electric systems they match are all taken out.

You can go to the car quality network to make a complaint. The car quality network isAt present, it is the largest automobile complaint acceptance and disposal platform in China, and it is also an important data provider of the product defect management center under the State Administration of Quality Inspection. After the complaint on the car quality website, the manufacturer will contact you, and the administrative department may contact you according to the description of the complaint.