IT House reported on April 17, according to the “Science and Technology Innovation Board Daily”, a Yundu Automobile related person responded, “We stopped production mainly because of battery problems. Now the new supply has been determined, and production is expected to resume in two months. “Previously, there were media reports that Yundu Motors had stopped production in February this year due to a broken capital chain.
It is reported that Yundu Automobile was established on December 4, 2015. Its main business includes design, research and development, production, processing, sales and after-sales service, consulting services of new energy vehicles and auto parts; new energy vehicle leasing; new Technology development, technical services, technical consultation, and technology transfer of energy vehicles and information software.
IT House has reported that Haiyuan Composites previously announced that it would transfer 11% of its shares in Yundu New Energy Automobile Co., Ltd. to Zhuhai Yucheng Investment Center Limited Partnership.
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