Recent events
Recent events tied to this brand in public sources.
Back to profile7 entries
2026
Xingyu Co. accused of coercive layoffs of 107 new graduates
Xingyu Co. (星宇股份), a listed company, was reported to have pressured 107 of 440 newly hired 2026 graduates into resigning by offering a choice between voluntary resignation or reassignment to frontline workshop positions; the Changzhou Human Resources and Social Security Bureau said on August 25 that the company's methods were simple and blunt and that the company had apologized and suspended its HR director.
2026
Xingyu Co. accused of coercive 'resign or reassign' layoffs of 107 new graduates
Xingyu Co., a listed company, was reported to have pressured 440 newly hired 2026 graduates, with 107 of them terminated through a 'resign voluntarily or be reassigned to frontline workshop work' ultimatum; the company allegedly asked departing employees to cite 'personal reasons' on their resignation certificates. On August 25, the Changzhou Human Resources and Social Security Bureau said the company's methods were 'simple and blunt' and lacked communication, the company apologized, and its HR director was suspended.
2026
Xingyu Automotive accused of mass dismissal of fresh graduates; local HR bureau reports
On August 25, 2026, the Changzhou Human Resources and Social Security Bureau reported on the dismissal of fresh graduates by Xingyu Automotive. The investigation showed the company recruited 440 2026 graduates and terminated labor contracts with 107 of them. The bureau said the company's negotiation methods were simple and blunt and lacked sufficient communication, causing a negative impact. Xingyu apologized and suspended its HR director. The bureau confirmed the company did not improperly receive employment or talent government subsidies.
2026
Xingyu Automotive accused of forcing campus recruits to resign or take factory jobs
Xingyu Automotive (SH601799) was reported to have summoned management-track campus recruits hired about a month earlier and asked them to submit resignation letters marked as voluntary, or be reassigned to frontline workshop operator roles; the company's campus recruit group reportedly shrank from over 400 to about 120 people.
2026
Xingyu Automotive reportedly pressured new graduate hires to resign or take factory roles
Xingyu Automotive (SH601799) was reported to have summoned newly hired master's graduates in management roles about one month after onboarding and asked them to submit resignation applications marked as voluntary, or be reassigned to frontline workshop positions; the campus-hire group reportedly shrank from over 400 to about 120.
2021
Horizon completes $350 million C3 funding round
Horizon announced that it had completed a $350 million C3 funding round, bringing its total C-round financing to $900 million.
2020
Xingyu announces convertible-bond fundraising plan
Xingyu announced a plan to issue up to RMB 1.5 billion in A-share convertible bonds. The proposed proceeds would fund a mold factory, an electronics factory and working capital.