Li Auto's wholly-owned subsidiary was listed as a "debtor", with a total execution amount of approximately RMB 35.23 million

Recently, Ideal Auto's wholly-owned subsidiary "Chongqing Ideal Intelligent Automobile Co., Ltd." was listed as a debtor by the Beibei District People's Court of Chongqing, with the total execution target reaching approximately 35.23 million.

It is understood that Chongqing Ideal Automotive Co., Ltd. was established in 2003. It is a designated manufacturer of chassis and complete vehicles approved by the state. Its main businesses include automobile sales, research and development, and sales of accessories such as internal combustion engines.

Data from Qichacha shows that as early as November 11, 2019, Chongqing Ideal Intelligent Automobile Co., Ltd. was listed as a debtor by Beibei District, Chongqing. Just one month later, Chongqing Ideal Intelligent Automobile Co., Ltd. was once again listed as a debtor, which makes us pessimistic about its financial situation.

Public information shows that in December 2018, Ideal Auto invested 650 million yuan to acquire 100% of the equity of Lifan Auto, which is the controlling shareholder of Chongqing Ideal Auto Co., Ltd.

From the fact that Chongqing Ideal Automotive Co., Ltd. was listed as the "person subject to execution" and the previous announcement by Ideal Auto to postpone the delivery of the Ideal ONE 2020 model, it is not difficult to see that Ideal Auto must be facing great financial pressure.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.