After the suspension of work and production, Tianji Automotive Technology Group was executed for violating regulations

News on July 12, according to the latest data, Tianji Automotive Technology Group Co., Ltd. has recently been listed as a dishonest person (Lao Lai) for violating the property reporting system. The company has a relationship with Dianka Auto Parts Manufacturing (Cixi ) Co., Ltd. involves an execution target of more than 50.36 million yuan, which has not yet been fulfilled.

Zhang Hailiang serves as the legal representative and chairman of the board. Tianji Automotive Technology Group Co., Ltd. was established on June 23, 2015. The company's registered capital is approximately RMB 879.85 million, and its shareholders include Shanghai Electric Technology Venture Capital Co., Ltd., Xingzheng Investment Management Co., Ltd., Changsha Tianji New Energy Industry Investment Fund Partnership (Limited Partnership) and many other companies. The business scope covers computer and network technology development, computer system services, car rental, car sales, electrical equipment sales, transportation equipment sales and other fields.

According to the editor’s understanding, in March this year, Tianji Automobile fell into a crisis of wage arrears and factory shutdown. The company's employees once reported to the management that the company was in arrears with wages for two months and urgently needed 750 million yuan in financing. According to some media reports, Tianji Automobile issued an internal suspension of work and production notice, saying that taking into account the company's current financial situation and production and sales plans, some positions will be suspended from April 1, 2023. During the shutdown period, the company promises to continue to pay employees' social security and provident funds on time, and pay wages according to the standard in the first wage payment cycle. After more than one wage payment period, it can only provide the minimum working standard living allowance until the company returns to normal. Production. This move has brought certain protection to the lives of employees.

However, according to the latest information on the persons subject to execution for dishonesty, Tianji Automotive Technology Group Co., Ltd.’s property reporting violations resulted in it being listed as the person subject to execution for dishonesty, and the subject amount of the relevant execution cases was as high as 50.36 million yuan. At present, the company has not fulfilled its relevant responsibilities. This situation has brought great pressure and uncertainty to the company's future development, and has also had a considerable impact on investors and employees.

As an automotive technology company, Tianji Automotive Technology Group Co., Ltd. faces difficult challenges and fierce competition. It is expected that the company can quickly resolve its financial difficulties, resume normal production, and achieve stable future development.

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