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Hawtai

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2018

    Wage Arrears, Production Halt, Bond Defaults; Controller Zhang Xiugen Arrested

    Since 2018, Huatai Automobile has owed wages to more than a thousand employees, halted production, and been accused of sales falsification; in 2019, bonds including “16 Huaqi 02” defaulted, with debt of about RMB 29.4 billion; in 2021 it was twice subject to bankruptcy reorganization applications, and in 2022 actual controller Zhang Xiugen was arrested on suspicion of illegally transferring and reselling land-use rights. The total amount subject to enforcement exceeded RMB 4 billion.

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