crashtimeracing| Without paying more than 70,000 yuan in wages, he became a "launder", and the singularity car burned out tens of billions but could not build a car

Interface journalist 丨 Wei Yonglong

On May 22, according to the China Executive Information Disclosure Network, Zhiche Youxing Technology (Shanghai) Co., Ltd., a affiliated company of Qidian Automobile, was listed as a person subject to breach of trust for violating the property reporting system. determined by the effective legal documentscrashtimeracingThe obligation shows that this execution involves a labor arbitration case, and the company should pay the applicant Li Moumou a wage difference of 7.7%.crashtimeracingMore than 90,000 yuan.

Currently, the total amount outstanding by the company exceeds 1crashtimeracing.300 million yuan. In addition, the company and its legal representative Shen Haiyin were restricted from high consumption.

Founded in December 2014, Singularity Motors is one of the earliest new car-building forces in China. It was born in the same year as Xiaopeng and Wei Lai, four months earlier than the ideal. Its founder Shen Haiyin served as Vice President of 360 and Jinshan Software Group. Vice President, under the wave of Internet car building at that time, once shouted the slogan of "Use Xiaomi's model to build China's Tesla."

Shortly after its establishment, Singularity Automobile received capital attention. Investors included Intel, Qihoo 360, Lenovo Star, Taoyun Capital, etc., with a financing amount of up to 17 billion yuan.

In 2017, Singularity Motors announced the debut of its first mass-production model, the iS6, and plans to be mass-produced by the end of the year. Since then, the mass production time of this car has been delayed and has not yet been launched. An electric scooter called "Blue Shark" is the only product in mass production at Singularity today.

Singularity Automobile, which had a lot of financing in hand, was not short of money at first, but it was unable to build a car until it became a "laxity".

In 2016, Singularity Automobile announced that it would settle in Tongling, Anhui Province, investing 8 billion yuan to build a factorycrashtimeracing; In 2018, Singularity Automobile announced an investment of 15 billion yuan to build a Suzhou production base; in the same year, Singularity Automobile announced an investment of 5 billion yuan to build an electric commercial vehicle base in Zhuzhou, Hunan. None of the three bases has been built so far.

In addition, Singularity has also deployed R & D centers in Beijing, Shanghai, Tongling, Anhui, Silicon Valley in the United States, Utsunomiya in Japan and other places. Roughly estimated, the construction cost of the above-mentioned factories and R & D centers deployed by Singularity Motors has exceeded 30 billion yuan.

At the end of 2018, Singularity Motors began to be exposed to problems such as the rupture of the capital chain, arrears of employee wages, and mass departures of employees. In July 2023, the Intermediate People's Court of Tongling City, Anhui Province disclosed an announcement showing that Singular Automobile had been applied for bankruptcy review. A number of affiliated companies have been listed as persons subject to execution, persons subject to breach of trust, and have received restricted consumption many times.

The official website of Singularity Motors is still accessible normally, but the most recent update stayed in July 2020.

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