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Zotye Auto's Subsidiary Assets to Be Auctioned for 19.66 Million Yuan, Threatening Production Resumption Plan
1 week ago /
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Author：小编
On July 24, Zotye Auto released a statement revealing that the assembly line and associated equipment of its subsidiary, Chongqing Branch of Hunan Jiangnan Automobile Manufacturing Co., Ltd., are set to be auctioned. This auction, announced by the People's Court of Bishan District, Chongqing, on July 23, stems from judicial enforcement proceedings. Should the auction proceed successfully, Zotye Auto's Chongqing facility will be unable to recommence production as scheduled, potentially having a significant impact on the company's current and future financial performance.
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