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Nezha Auto Insider Clarifies Bankruptcy Rumors: Court Acceptance of Case, But 'Bankruptcy' Status Complex
2025-05-14 /
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Author：小编
On May 14, Shanghai Yuxing Advertising Co., Ltd. filed for bankruptcy reorganization against Nezha Auto's parent company, Hozon New Energy Auto Co., Ltd. The Intermediate People's Court of Jiaxing, Zhejiang Province, accepted the case, which involves a sum of 5.3 million yuan. In response, insiders from Nezha Auto emphasized that this bankruptcy application represents a routine procedural step in the judicial process, and any subsequent rulings will depend on the court's decision. Amidst recent developments, Nezha Auto has experienced a decline in sales, accumulating losses exceeding 18.3 billion yuan, placing the company under significant financial strain.
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