When did Hechuang Automobile go out of business?

Not closed down. According to the content published on the enterprise search APP, Hechuang Automobile Technology Co., Ltd. has undergone industrial and commercial changes recently, and Shanghai Weilai Automobile Co., Ltd. withdrew from the ranks of shareholders, with a shareholding ratio of about 4.46% before withdrawal. At the same time as Weilai withdrew, Hechuang Automobile added another shareholder-Yaoyu Investment Holding Co., Ltd. ..

Hechuang Automobile, formerly known as Guangzhou Automobile Weilai, was established in April 20 18. It was a joint venture between Guangzhou Automobile Group and Weilai Automobile at the beginning of 20021. After Liao Bing, the founder and CEO, said goodbye, Li Bin, the chairman of Weilai Automobile, also withdrew from Guangzhou Automobile Weilai and no longer served as the legal representative of Guangzhou Automobile Weilai. Guangzhou Automobile Weilai was officially renamed Hechuang Automobile.

Li Bin was ridiculed as the worst boss in the automobile circle before he got the investment from Hefei government and settled his headquarters in Hefei in 2020. The operating difficulties of Weilai Automobile at that time can be imagined. However, with the support of Hefei government, the overall market of Weilai Automobile rebounded in an all-round way, not only the market performance continued to improve, but also the market value soared. At this stage, Weilai Automobile certainly doesn't have much energy. If it is invested in the joint venture project it participated in before, it will first share the operational risks with Changan Weilai and then share the operational risks with GAC Weilai. Li Bin chose to retire quickly. After all, these so-called joint ventures have no bright future. According to the sales data released by the Association, in July, the cumulative sales volume of Hechuang vehicles was less than 500, of which Hechuang Z03 sold 444 vehicles and Hechuang 007 only sold 7 vehicles.