---
title: "SinoHytec faces lawsuit seeking RMB 194 million over vehicle procurement contracts"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293351374.md"
description: "Beijing SinoHytec faces a civil lawsuit in Foshan filed by Foshan Feichi over alleged unpaid vehicle procurement contracts. The claim seeks approximately RMB 194 million plus interest from May 11, 2026, at a 50% premium to the 1-year LPR. The plaintiff also seeks to hold SinoHytec jointly liable for its unit Tangshan Qianchen’s obligations and demands defendants cover court fees. SinoHytec is seeking legal advice and expects no material impact on daily operations."
datetime: "2026-07-21T13:42:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293351374.md)
  - [en](https://longbridge.com/en/news/293351374.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293351374.md)
generator: "portal-rs"
---

# SinoHytec faces lawsuit seeking RMB 194 million over vehicle procurement contracts

-   Beijing SinoHytec faces a civil lawsuit in Foshan, Guangdong, filed by Foshan Feichi over alleged unpaid vehicle procurement contracts. \* The claim seeks about RMB 194 million from its unit Tangshan Qianchen, interest from May 11, 2026 at a 50% premium to the 1-year LPR. \* The plaintiff also seeks to hold SinoHytec jointly liable for Tangshan Qianchen’s obligations, with defendants to cover court acceptance fees. \* The group is seeking legal advice, with no material impact on daily operations expected as of the announcement date. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Beijing SinoHytec Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260721-12251604), on July 21, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**