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Zotye Auto announced that the company plans to reach a settlement with the company's subsidiary Zotye New Energy Vehicle Co., Ltd. and its Changsha branch, Hunan Jiangnan Automobile Manufacturing Co., Ltd. Xingsha Manufacturing Co., Ltd. and Xiangtan Andaotuo Auto Parts Co., Ltd. and sign a “Debt Settlement Agreement”. According to the agreement, after receiving a payment of 6 million yuan from Zotye New Energy, Xiangtan Andaotuo will release the remaining debt repayment obligations, and the debt-debt relationship between the two parties will be terminated. This settlement will help the company resolve historical debts, restore the credit system, and prevent assets from entering the enforcement stage.

Zhitongcaijing·07/17/2026 11:41:25
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Zotye Auto announced that the company plans to reach a settlement with the company's subsidiary Zotye New Energy Vehicle Co., Ltd. and its Changsha branch, Hunan Jiangnan Automobile Manufacturing Co., Ltd. Xingsha Manufacturing Co., Ltd. and Xiangtan Andaotuo Auto Parts Co., Ltd. and sign a “Debt Settlement Agreement”. According to the agreement, after receiving a payment of 6 million yuan from Zotye New Energy, Xiangtan Andaotuo will release the remaining debt repayment obligations, and the debt-debt relationship between the two parties will be terminated. This settlement will help the company resolve historical debts, restore the credit system, and prevent assets from entering the enforcement stage.