IM Motors has issued a statement addressing recent false rumors of dealer collapses in multiple regions, clarifying that the situation involves an isolated delivery case triggered by a funding chain break at an authorized dealer in Kunming due to private lending. Since July 18, certificate issuance and vehicle deliveries have gradually resumed, and all orders for normal car buyers are expected to be completed by this weekend. The dealer involved is Yunnan Kunming Zhihe Yuexing Automobile Sales and Service Co., Ltd., whose financial problems also affected vehicle delivery operations of its related entity, Zhuhai Zhihe Yuexing Automobile Sales and Service Co., Ltd., in the Zhuhai area. IM Motors set up a special task force on July 7 and stationed personnel on site the following day. As of July 17, customer communication and situation assessment were largely completed, with IM Motors delivery centers taking over after-sales services in both Kunming and Zhuhai. The company stressed that its nationwide channel operations remain stable, with 26 new stores opened across the country in June and July, and there is no situation of collapses in multiple regions. It has also secured relevant infringement evidence and will pursue legal liability in accordance with the law.
SAIC Motor Corp LtdDealer funding issues in Kunming and Zhuhai disrupt deliveries, potentially hurting SAIC's IM Motors sales and brand reputation.
The dealer's private lending caused a funding chain break, leading to delivery disruptions and financial problems.