Core Viewpoint - LeEco has publicly accused Nanjing Zhongdian Panda Home Appliances Co., Ltd. of serious quality issues and debt evasion in a letter dated October 13, marking a significant escalation in their ongoing dispute since 2019 [4][5]. Group 1: Quality Issues - LeEco highlighted that the defect rate for two 43-inch models produced by Nanjing Zhongdian Panda reached approximately 80%, significantly exceeding the industry standard of less than 2% and violating the contractual quality standard of 1.8% [5][6]. - The collaboration between LeEco and Nanjing Zhongdian Panda began in 2019, resulting in the production and delivery of 390,000 televisions with a total cooperation amount of 430 million RMB [4][5]. Group 2: Debt Evasion Tactics - LeEco accused Nanjing Zhongdian Panda of employing various tactics to evade debt, including delaying processes, transferring assets, and dismissing employees, which hindered any negotiation channels [5][6]. - Following a court ruling that required Nanjing Zhongdian Panda to compensate LeEco 14.95 million RMB, the company allegedly changed its name to Nanjing Jingye Home Appliances to avoid liability [5][6]. Group 3: Broader Implications - LeEco's public letter serves as a warning about the loss of credibility among state-owned enterprises and the difficulties faced by small and medium-sized private enterprises in protecting their rights [4][6]. - The letter raises three critical questions regarding Nanjing Zhongdian Panda's bankruptcy proceedings, including whether registered capital was fully contributed, the management of state-owned asset value, and the fairness of related party transaction pricing [6].