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Reports emerged on October 30 that Yuanhang, an EV brand owned by Dayun Group, is in trouble. According to the report, the company is suffering from employee loss and is also delaying salary payments.

According to an employee in the R&D Department of Yuanhang, in the chassis section, staff are leaving very fast; there are now only a dozen employees left. Another employee reported that his department had been forced to take a week of unpaid leave.

Furthermore, insiders are reporting that Yuanhang is experiencing cash flow problems and is looking for financing from the local government and other potential investors.
 
Reports emerged on October 30 that Yuanhang, an EV brand owned by Dayun Group, is in trouble. According to the report, the company is suffering from employee loss and is also delaying salary payments.

According to an employee in the R&D Department of Yuanhang, in the chassis section, staff are leaving very fast; there are now only a dozen employees left. Another employee reported that his department had been forced to take a week of unpaid leave.

Furthermore, insiders are reporting that Yuanhang is experiencing cash flow problems and is looking for financing from the local government and other potential investors.

China is free market. The successful ones survive. The failed ones die. The Chinese government does not subsidize anyone.
 

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