Dreame's Star Auto Hit with $320K Equity Freeze; Company Says It's a Resolved Commercial Dispute

Recently, Starry Plan (Shanghai) Automotive Technology Co., Ltd. added a new equity freeze record amounting to approximately RMB 2.3225 million. The company is part of the Dreame ecosystem, established in January 2025 with a registered capital of RMB 10 billion. Its business scope includes new energy vehicle manufacturing, and it is wholly owned by Starry Plan (Shanghai) Automotive Co., Ltd. The ultimate controller is Yu Hao, founder and CEO of Dreame Technology, who holds a 96.652% stake. Regarding this equity freeze, Starry Plan issued a statement on the evening of May 15, clarifying that the matter stemmed from an ordinary commercial dispute between the company and a supplier. Both parties have since reached a settlement, resolving all related financial disputes. The Shanghai Pudong New Area People's Court has ruled to lift all preservation measures against the company, including the equity freeze. Some enterprise information platforms still display the frozen status due to a delay in data synchronization between the court enforcement system and the business registration system. Starry Auto emphasized that this incident has not affected the company’s normal operations. Public records show that Dreame Technology officially announced its entry into vehicle manufacturing in August 2025, adopting an asset-light model focused on technological R&D and product definition while partnering with established OEMs for production. This year, its "Starry Plan" brand has accelerated progress, making its debut at the Beijing Auto Show and unveiling last month in the U.S. the Nebula Next 01 JET Edition concept car equipped with a dual solid-fuel rocket booster system, claiming a 0–100 km/h acceleration time of just 0.9 seconds. Yu Hao revealed that the current automotive team comprises approximately 1,200 employees, 70% of whom are engaged in R&D across multiple core technology domains of intelligent vehicles.