On September 8th, Zotye Auto's stock price soared to its daily limit shortly after the market opened, reaching RMB 1.84 per share and pushing the company's total market capitalization to RMB 9.278 billion. The previous day, Zotye Auto convened its fourth extraordinary general meeting of shareholders for 2026, during which a proposal to elect three non-independent directors was thoroughly reviewed and subsequently approved. Concurrently, Zotye Auto revealed on an investor relations platform that the research and development of its new, self-developed vehicle models are advancing steadily.

In response to these developments, a representative from Zotye Auto's securities affairs department clarified that there is no direct correlation between the election of non-independent directors at the shareholders' meeting and the subsequent surge in stock price. The representative emphasized that the stock price increase is a spontaneous market reaction influenced by a multitude of factors. Furthermore, while the company does have plans to introduce new models within the year, these initiatives are currently still in the planning phase.