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Nezha Automobile has been sued by the Nanning Industry Investment Automobile Industry Group over a dispute related to a sales contract, involving eight affiliated companies. Due to the inaccessibility of three of these companies, the court resorted to public announcement to serve legal documents. Nanning Industry Investment Automobile holds a guaranteed debt of 3.44 billion yuan from Nezha Automobile, and three affiliated companies have provided equity pledge guarantees. Furthermore, Nezha Automobile's parent company, Hozon New Energy, has initiated bankruptcy reorganization. The court has appointed an administrator and scheduled the first creditors' meeting to be held online on September 12, 2025. Creditors are required to declare their claims by August 31, 2025.
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