On May 14, the hashtag "Nezha Auto Bankruptcy Application" surfaced on Weibo's trending topics. In response, Nezha Auto clarified that it was a separate advertising company, not Nezha Auto itself, that had filed for bankruptcy, a move that is within the company's legal rights. Nezha Auto emphasized that it has not initiated any internal bankruptcy proceedings and urged the public to refrain from believing or spreading unverified rumors. According to insiders close to Nezha Auto, while the company is currently facing challenges, its executives are actively seeking self-rescue measures. Negotiations are ongoing for potential projects, though none have been finalized as of yet.
