Core Viewpoint - Shenzhen Xiangfei Automotive Sales Co., Ltd. has taken over operations of Weima Automotive Technology Group and is actively working to resume production at the Wenzhou manufacturing base, following a court-approved restructuring plan [1][4]. Group 1: Company Restructuring and Operations - Xiangfei Automotive has been approved as the new shareholder and investor for Weima's restructuring, focusing on the rapid resumption of production for the EX5 and E5 models [1][4]. - The company plans to clear supplier debts proportionally and has received multiple forms of support from the Wenzhou government, including financing assistance [1][4]. - A professional team of 143 members has been established to expedite the resumption of operations, with an initial investment of 1 billion yuan planned for equipment upgrades and supply chain recovery [5][6]. Group 2: Future Development Plans - Weima Automotive has outlined a three-phase development plan from 2025 to 2030, aiming for production and sales targets of 10,000 to 20,000 units in 2025-2026, and 100,000 units by 2030, with projected revenues of 120 billion yuan [4][5]. - The company intends to launch over 10 new models across various vehicle categories, including electric and range-extended vehicles, while expanding into Southeast Asia and the Middle East [4][5]. - Xiangfei Automotive emphasizes stable and growing orders for suppliers, with commitments to prioritize existing suppliers and optimize costs collaboratively [4][5]. Group 3: Financial Background and Market Context - Weima Automotive's bankruptcy restructuring was initiated in December 2023, revealing total assets of 3.988 billion yuan against liabilities of 20.367 billion yuan [5][6]. - The restructuring plan anticipates over 10 billion yuan in continued investment from strategic investors, aimed at debt repayment and operational continuity [6]. - The competitive landscape in the electric vehicle market is intensifying, raising questions about the feasibility of Weima's ambitious plans [6].
曾负债超200亿元,知名车企宣布:马上复产!
Mei Ri Jing Ji Xin Wen·2025-09-06 16:51