On December 16, Zotye Auto made an announcement stating that it had recently obtained a "Letter of Intent for Pre-Approved Credit" from Zhejiang Yongkang Rural Commercial Bank Co., Ltd. Yongkang Rural Commercial Bank has expressed its intention to provide the company with a comprehensive pre-approved credit facility amounting to RMB 500 million. This credit line is primarily intended to support the company's operational activities and alleviate its temporary financial strain. Previously, Zotye Auto encountered challenges stemming from capital shortages and overwhelming debt burdens. In September 2020, the company received a notification from the court concerning the acceptance and registration of its pre-reorganization petition. In 2021, despite Jiangsu Shenshang's injection of RMB 2 billion in reorganization funds, the company's financial situation failed to show signs of improvement. In recent years, Zotye Auto has witnessed sluggish sales, a persistent decline in operating revenue, and has been entangled in numerous lawsuits and equity fluctuations.