Recent events
Recent events tied to this brand in public sources.
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2021
Zotye selects Jiangsu Shenshang as restructuring investor
Zotye selected Jiangsu Shenshang as its restructuring investor on September 30, 2021, and Zotye and its administrator signed a restructuring investment agreement with it. The agreement set the investment at 2 billion yuan, of which 550 million yuan was paid that day as a performance deposit; the remaining 1.45 billion yuan was due by October 25.
2020
Zotye Auto director says he cannot assure interim report accuracy
Zotye Auto director Lou Guohai said he could not assure the truthfulness, accuracy, and completeness of the interim report, citing substantial uncertainty about the company's ability to continue as a going concern, difficulty obtaining performance compensation from Tieniu Group, and litigation and guarantee matters.
2020
Zotye Auto responds to shareholder bankruptcy rumor and wage arrears
Zotye Auto denied a rumor that its major shareholder was bankrupt and said it had formed a basic solution for employee wages, which would be settled in installments in the near term.
2020
Tieniu Group enters bankruptcy liquidation
Tieniu Group had entered bankruptcy liquidation, according to the article, which reported that the group’s headquarters had confirmed the procedure.
2020
Zotye announces plans for at least two new models
Zotye announced plans to launch at least two new products in 2020, including the B21 midsize SUV.
2020
Zotye launches E200 Pro New Year edition
Zotye launched the E200 Pro New Year edition, a version based on the E200 Pro with software optimizations and upgrades.
2019
Zotye and Ctrip sign strategic cooperation agreement
Zotye and Ctrip signed a strategic cooperation agreement to build a travel mobility platform and related rental and ride services. Zotye will provide 4,000 T600 and T700 vehicles for the initial platform operations.
2019
Zotye reports third-quarter results
Zotye Automobile released its third-quarter results on October 28, 2019, reporting revenue of 361 million yuan, down 88.41% year over year, and a net loss attributable to shareholders of 470 million yuan.
2019
BAK Battery sues Zotye Auto over unpaid supply invoices
BAK Battery sued Zotye Auto and related defendants over a reported unpaid debt of several hundred million yuan. The case was filed on 5 August 2019 and was later treated as withdrawn after the plaintiff failed to fulfill litigation obligations.