On May 13, Shanghai Yuxing Advertising Co., Ltd. filed for a bankruptcy review of Hezhong New Energy Automobile Co., Ltd., a subsidiary of Nezha Automobile. The Intermediate People's Court of Jiaxing, Zhejiang Province, has accepted the case. Hezhong New Energy will now undergo a legal review process to ascertain whether it meets the criteria for bankruptcy. Currently, the specifics of the case remain undisclosed.
