CATL applies to freeze GAC FCA's 12.5 million yuan property

Recently, the non-litigation property preservation review rulings of CATL New Energy Technology Co., Ltd., GAC Fiat Chrysler Automobile Co., Ltd. and others were made public. The incident is roughly "CATL applied to freeze GAC FCA's 12.5 million yuan in property", and the specific content is as follows:

The document shows that the applicant CATL New Energy Technology Co., Ltd. requested to freeze the bank deposit of 12.5 million yuan of the respondent GAC Fiat Chrysler Automobile Co., Ltd., or to seize or detain other properties of the same value. The relevant departments reviewed and determined that the applicant's application complied with the policy provisions and made a ruling for implementation.

It is reported that not long ago, GAC FCA filed for bankruptcy and reorganization, which triggered dealers to defend their rights. GAC Group responded that it actively supports the handling of GAC FCA's claims and debts in accordance with laws and regulations, and will explore reorganization measures to utilize its assets and resources based on market-oriented principles and company development needs, and strive to safeguard and protect the legitimate rights and interests of all parties.

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