Qoros Auto Faces Multiple Challenges including Tax Arrears and Enforcement
TapTechNews August 1st news, on July 31st, Qoros Auto Co., Ltd. had a new tax arrears announcement. The taxes in arrears include urban maintenance and construction tax, property tax, stamp duty, personal income tax, consumption tax, and urban land use tax. The tax authority is the State Taxation Administration of Suzhou City. The total amount of tax arrears is more than 42.52 million yuan.
In May 2022, the Shandong Provincial Automobile Distribution Association released a 'Consumer Warning on the Qoros Brand Automobile', which mentioned that several car owners complained about the lack of 4S shop maintenance and repair. The Shandong Provincial Automobile Distribution Association included the Baoneng Qoros auto brand in the consumer blacklist.
Qoros Auto Co., Ltd. is an automobile manufacturer established in 2007, with design centers, technical centers, and engineering R & D centers established in Munich, Germany, and Shanghai, China. It has a total of five models. Information shows that in 2017 and 2019, Baoneng acquired the equity of Qoros Automobile at 6.63 billion yuan and 1.56 billion yuan respectively. After the acquisition was completed, Baoneng's shareholding ratio in Qoros Automobile rose to 63% and became the controlling shareholder. The shareholding ratios of Chery and Kenon are 25% and 12% respectively. However, according to media reports, after being acquired by Baoneng Automobile, the sales of Qoros Automobile plummeted. In 2021, the annual sales of Qoros Automobile were only 5,200 units.
I Home noticed that on July 30th, Qoros Auto Co., Ltd. was forcibly executed for more than 107 million yuan due to a housing lease contract dispute. Up to now, Qoros Automobile has more than 30 pieces of information on the person subject to enforcement, and the cumulative amount of enforcement has reached more than 740 million yuan.
In addition, The enterprise status of Hangzhou Chengmao Investment Co., Ltd. has recently changed from being in existence to being revoked and not cancelled. This company was established in April 2017, with the legal representative being Sun Li and the registered capital of 2.5 billion yuan. The business scope includes industrial investment, investment management, investment consultation, enterprise management consultation, import and export of goods and technologies, etc., and is jointly held by Wuhu Xinzhi Investment Center (Limited Partnership) and Baoneng New Energy Automobile Group Co., Ltd.
The foreign investment information shows that Hangzhou Chengmao Investment Co., Ltd. holds 63% of the shares of Qoros Auto Co., Ltd. and is its largest shareholder. This company currently has multiple pieces of information on the person subject to enforcement and equity freeze, and the total amount of enforcement exceeds 4.7 billion yuan.