On May 15, according to Tianyancha App, Hezhong New Energy Automobile Co., Ltd. recently experienced a new equity freeze, amounting to RMB 20 million. The individual subject to this execution is Fang Yunzhou, the founder of Neta Auto. The freeze is set to remain in effect until May 12, 2028, and is being enforced by the People's Court of Tongxiang City, Jiaxing City, Zhejiang Province. Furthermore, the company has undergone a bankruptcy review application, and there are multiple records of individuals subject to execution, consumption restrictions, and equity freezes.
