Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2018
Burned through billions without mass production; long-term wage arrears lead to dishonest debtor listing and CEO spending limit
Singulato Motors' capital chain broke at the end of 2018, and it had long defaulted on employee wages; employees launched large-scale arbitration, and suppliers applied for bankruptcy reorganization of affiliated companies. CEO Shen Haiyin was subject to a high-consumption restriction due to enforcement over unpaid wages. In 2024, the company was listed as a dishonest judgment debtor for failing to pay about RMB 79,000 in wages, and the court terminated enforcement proceedings because there were no assets to execute. Dishonest listing; enforcement terminated.