According to Miyoshi, the first execution notice was issued by the People's Court of Yong'an City, Fujian Province on June 7 2022 requiring Core Power to pay RMB13.6 million.
Singapore-listed parts maker Miyoshi has announced that Core Power (Fujian) New Energy Automobile, a China-based entity in which it holds a 42% stake, has received three separate court orders to pay a total sum of RMB60.8 million.
Core Power was set up to make electric cars but has become dormant.
