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FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY . ....
Print HAAH plans to import Chery’s TXL to the U.S., to be sold under the Vantas brand. LOS ANGELES California startup HAAH Motors Holdings is again postponing its promised introduction of aggressively priced Chinese vehicles to the North American market, as well as delaying plans for a U.S. assembly site and Made in America sales pitch. The latest twist in the yearslong journey by HAAH and dozens of franchised dealers comes after the distributor failed to complete its search for available U.S. factory space to assemble crossovers designed by China s Chery Automobile Co. HAAH announced last week that it will instead import fully assembled Chery vehicles next year, pushing its new on-sale timeline to late 2022. It originally said it would launch sales in late 2019. That new delay has some dealers who signed up with an initial $150,000 per sales point worried about the return on their investments. ....
2023 Vantas VX SUV and T-Go Coming to the U.S. The Vantas VX SUV will go on sale in the U.S. in late 2022. HAAH Automotive Holdings and Sicar announced yesterday that they will import Vantas and T-Go vehicles. This is a prelude to HAAH and Shanghai Sicar Automotive Technology manufacturing vehicles stateside. The COVID-19 pandemic delayed their U.S. manufacturing startup. A letter of intent was added to their engineering service agreement. Sicar is a Chery Automobile subsidiary, one of the top Chinese automakers. Sicar has development and engineering capabilities to produce world-class vehicles. HAAH Motors Holdings is a Lake Forest, California-based firm that provides the expertise needed to manufacture, wholesale, and retail vehicles in North America. Together, the combined companies seek to redefine the automotive retail experience. ....