Hengda Faraday trapped employee contract dispute Jia Yue Ting car to stop PPT

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 Hengda Faraday trapped employee contract dispute Jia Yue Ting car to stop PPT


Hengda Faraday Future Intelligent Automobile (China) Co., Ltd. (hereinafter referred to as Hengda Faraday) was affected by the intensification of the contradiction between Hengdas ruler Xu Jiayin and the founder of Faradays future (hereinafter referred to as FF) about the control of FF. Hengda Faraday Future Intelligent Automobile (China) Co., Ltd. (hereinafter referred to as Hengda Faraday) was involved in the dispute of employee

On Oct. 16, FF Chinese employees told major media that Evergrande had asked FF staff from Chinas non-technical departments to sign to Evergrande Faraday. More than 60 employees refused and said they had not received the salary due on Oct. 15. These employees were considering collective labor arbitration.

Facing the accusation of wage arrears, the Faraday side of Evergrande told the First Financial Reporter on October 17 that the more than 60 employees did not sign any labor contracts with Evergrande Faraday, and have not yet reached the companys 20-day salary payment date, there is no stopping salary at all.

A person familiar with the matter said in an interview with the First Financial Reporter on October 17 that the employees who have not yet been paid have signed contracts with Beijing Ruiyu, Shanghai Fatu, France Automobile, Lexus Automobile and other companies, and have not renewed their labor contracts with Hengda Faraday (Guangdong) and other companies with Hengda characters. The contract is for renewal, not renewal. Beijing Ruiyu and Shanghai Fabo are wholly-owned subsidiaries of Evergrande Faraday (Guangdong). The official seals and financial stamps of the two companies refused to be handed over to the company for unified management.

The aforementioned person also mentioned that Faraday Evergrande is willing to settle accommodation and provide a living allowance of RMB 3000 per month for employees who have changed their jobs to Nansha. For those who have changed to Guangzhou, the company has a living allowance of RMB 5000. The contract is not exchanged, nor does it be accepted by negotiation. FF employees in China said that their previous contract with FF China was still valid, and the suspension was for employees who had not signed the Faraday contract with Evergrande. The reason for the non-renewal was the fear that Hengda might resign after the change from Jia Yuetings company to Hengdas company. In the view of some salary-demanding employees, the forced signing of the new labor contract is actually the disguised dismissal of FF employees from the original system in China by Hengda Faraday to ensure the absolute control of FF in China.

In June this year, Hengda officially entered the FF and quickly took over FFs business in China. Evergrande Faraday officially opened its market in Guangzhou on August 14. Meanwhile, it announced its 10-year strategic plan to build five major R&D and production bases in China. After 10 years, the annual production capacity of Evergrande Faraday is planned to reach 5 million vehicles, and a series of multi-model products, such as FF91, FF81, will be oriented to the global market.

However, the plan can not catch up with the change. Hengda Health and FF issued a voice on October 7 and 8, Hengda accused Jia Yueting of breaking the contract to kick Hengda out, FF said Hengda dishonesty, both sides hold a word. FF filed for arbitration at the Hong Kong International Arbitration Centre on October 3, demanding that Evergrande be deprived of its consent as a shareholder in the relevant financing, terminate all agreements and deprive Evergrande of its rights under the relevant agreements. The staff pay is regarded as a partial contradiction under the background of the confrontation between FF and Hengda.

Previously, Ulaeva founder Li Bin and Xiaopeng automobile founder He Xiaopeng had drawn a clear line with Jia Yueting PPT, Li Bin in the first financial interview showed that he was not taking the same road as Jia Yueting.

In the first half of this year, Weilai lost a total of 10.92 billion yuan, but now Weilai has entered the stage of delivery and accelerated the expansion of sales channels in the first and second tier cities, this year the full charge of 10,000 vehicles delivery. Jia Yueting claimed that he had invested tens of billions of dollars in the construction of the car before the breakdown of the LTV capital chain, and later found Hengda when the FF capital chain was strained. According to people close to Evergrande, on May 22 this year, Evergrande paid the initial $800 million in funds, FF quickly ran out. FF then asked Evergrande if it could advance the $700 million it had agreed to pay next year, which became a trigger for the conflict between the two sides. And Jia Yueting burned up a huge amount of money still did not achieve the first electric vehicle production, which was criticized by the industry. Evergrande Faradays original plan to ensure that the FF91 meets the production target on time in the first quarter of 2009 is uncertain as Xu Jiayin and Jia Yueting scrape the shelves, which makes Evergrande Faradays new energy vehicles reach the target of 5 million vehicles in the next decade beyond reach. Source: first financial responsibility editor: Yao Liwei _NT6056

In the first half of this year, Weilai lost a total of 10.92 billion yuan, but now Weilai has entered the stage of delivery and accelerated the expansion of sales channels in the first and second tier cities, this year the full charge of 10,000 vehicles delivery. Jia Yueting claimed that he had invested tens of billions of dollars in the construction of the car before the breakdown of the LTV capital chain, and later found Hengda when the FF capital chain was strained.

According to people close to Evergrande, on May 22 this year, Evergrande paid the initial $800 million in funds, FF quickly ran out. FF then asked Evergrande if it could advance the $700 million it had agreed to pay next year, which became a trigger for the conflict between the two sides. And Jia Yueting burned up a huge amount of money still did not achieve the first electric vehicle production, which was criticized by the industry.

Evergrande Faradays original plan to ensure that the FF91 meets the production target on time in the first quarter of 2009 is uncertain as Xu Jiayin and Jia Yueting scrape the shelves, which makes Evergrande Faradays new energy vehicles reach the target of 5 million vehicles in the next decade beyond reach.