Core Viewpoint - Evergrande Auto has received a court ruling from the Tianjin Binhai New Area People's Court, which has accepted creditors' bankruptcy and liquidation petitions against its wholly-owned subsidiary, Evergrande New Energy Vehicle (Tianjin) Co., Ltd [4] Group 1 - The registered capital of the relevant subsidiary is RMB 4.1 billion, and it owns the manufacturing base for smart mobility products in Tianjin, which has suspended production since January 2024 [4] - The Guangzhou Planning and Natural Resources Bureau identified a piece of land as idle since June 9, 2021, due to corporate reasons, and has taken legal action based on the Idle Land Disposal Measures [4] - With the Tianjin factory's assets entering bankruptcy liquidation, both of Evergrande Auto's major vehicle manufacturing bases will be stripped, making the resumption of production increasingly unlikely [4]
恒大汽车：天津工厂破产清算呈请被法院受理