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Nezha Auto's State-Owned Shareholders Initiate Moves to Oust Fang Yunzhou, Potentially Shifting Control
2025-05-28 /
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Author：小编
Nezha Auto's founder, Fang Yunzhou, could relinquish control of the company as state-owned shareholders within its parent firm, Hozon New Energy, prepare to convene a board meeting aimed at his removal. Additionally, another state-owned shareholder is pushing for the company's bankruptcy and reorganization. Recently, Fang Yunzhou and former CEO Zhang Yong faced court-ordered equity freezes amounting to RMB 20 million and RMB 40.5 million, respectively. Hozon New Energy is grappling with several challenges, including operational losses, debt problems, and a crisis of market trust.
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