In the widely watched Shanghai office park of Gaohe Automobile, employees encountered the embarrassing situation of not being able to swipe their cards to enter the park. Employees who had rushed to complete the resignation procedures or pack their belongings were told that they would no longer be able to use their cards to enter the park from that day. This sudden change has triggered speculation and questions about the financial predicament of Gaohe Automobile.
After the news of Gaohe Automobile's financial difficulties, the once rumored support of Saudi investment and partners does not seem to have materialized as scheduled. A source even said that the previous investment news was more like a "story" woven by Gaohe Automobile, but in reality, it is still facing problems such as first-class business demands.
Not so long ago, Gaohe Automobile was one of the high-profile companies in the industry, however, in just one year, the situation has taken an extreme turn. There are rumors that Gaohe Automobile will suspend production for up to 6 months, but whether this news is true and what the reasons behind it are still to be further investigated and understood by the outside world.
According to reports, the front of the Gaohe Park in Shanghai's Pujiang town has been emptied, with staff access restricted and the internal parking lot deserted. At the same time, the collection behavior of the first merchant has once again aroused the attention of the outside world to the financial situation of Gaohe Automobile.
How Gaohe Auto copes with the current predicament and whether it can get out of the predicament is still one of the focuses of the industry and investors.