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Has Hanteng Motors gone bankrupt?
Hanteng Automobile did not go bankrupt.
Jiangxi Hanteng Automobile Co., Ltd. is a vehicle manufacturing enterprise that produces traditional automobile-powered vehicles and new energy vehicles. It was established in November 2013 and is located in the beautiful Shangrao, Jiangxi. It is committed to global quality standards, making a good car that Chinese people love.
Hanteng Automobile has an initial investment of 3.7 billion yuan, covering an area of ??422 acres and a construction area of ??100,000 square meters. It has an annual production capacity of 100,000 sets of passenger cars and its main industrial business is Revenue reached 8 billion yuan. The second phase is planned to cover an area of ??1,000 acres. After completion, the annual production capacity of passenger vehicles will be increased by 200,000 units, with main business income of 20 billion yuan.
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