IM Motors Authorized Dealers Flee Amid Channel Crisis

[Channel Crisis] Authorized IM Motors dealers in multiple regions have abruptly shut down and disappeared. The automaker has pledged to cover losses but progress remains slow.

Core Development: IM Motors Commits to Advance Funds to Redeem Certificates of Conformity, Case-by-Case Verification Required

In response to sudden store closures and unresponsive management in Kunming, Zhuhai, Shanghai, and other locations, IM Motors has established a dedicated task force to advance funds to redeem Certificates of Conformity for customers who have fully paid for their vehicles but not yet received the certificates—the cost to be borne by the manufacturer. On July 17, Jiao Qiao, Senior Director of Brand and User Experience, stated that orders confirmed as valid will be honored, though time is needed to clarify facts.

Key Figures: Over 200 Owners Affected; Involved Outlets Share Same Investor

The incident involves substantial sums, with approximately 200+ vehicle owners facing delivery or vehicle registration obstacles. Some buyers were lured into paying full price with promises like “receive a 50,000 RMB rebate for delayed delivery,” only to find their payments misappropriated. Store closures in Yunnan and Zhuhai were orchestrated by the same investor, with the collapse triggered by a broken capital chain.

Industry Impact: Employee Protests Compound Owner Anxiety; Compliance Procedures Under Scrutiny

Employees at implicated outlets have also launched protests over unpaid wages spanning several months. IM Motors stresses that resolution must involve coordination with regulatory and judicial authorities to ensure all procedures remain fully compliant and lawful, preventing further disputes—yet numerous owners report no tangible progress to date.