Another Chinese electric vehicle manufacturer is in danger; The Yuanhang brand is facing serious financial problems. reports carnewschina.com.
According to an employee in Yuanhang’s R&D department, workers began to leave the company. Another employee reported that his department had to take a week of unpaid leave.
Additionally, insiders report that Yuanhang is experiencing cash flow problems and is seeking funding from the local government and other potential investors.
Yuanhang responded to this information by saying that the company was in the process of restructuring. It is currently in the transition phase and will resume normal operations once all processes are completed.
Before that, representatives of the HiPhi car brand had filed for bankruptcy.
One of Yuanhang’s newest models is the H9 electric sports crossover. The all-wheel drive crossover is equipped with electric motors with a peak power of up to 500 kW (680 hp). Maximum torque – 800 Nm. The vehicle can accelerate from zero to 100 km/h in 3.5 seconds. Three battery options are available: 98 kWh, 120 kWh and 150 kWh, corresponding to a range of 650, 840 and 950 kilometers.
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