When talking about the reasons for the performance loss, Zotye Automobile said that after the company resumes production of complete vehicles in 2022, the complete vehicle business is still in the recovery stage. Coupled with the impact of the new crown epidemic, the production and sales of complete vehicles during the reporting period were not large, and the sales revenue total is lower. At the same time, the company plans to accrue a total of about 200 million to 300 million CNY in asset impairment provisions and bad debt provisions, so the company’s overall performance in 2022 will be a loss.

Zotye Automobile stated that the company’s non-recurring profit and loss value in 2022 has changed greatly compared with the 2021 non-recurring profit and loss value because the company’s 2021 non-recurring profit and loss value includes debt restructuring income of about 1.998 billion CNY.

In October last year, Zotye Auto rolled off the first batch of re-produced T300 models at Zhejiang Yongkang Base and held a roll-off ceremony. The overseas version of Zotye T300 officially rolled off the production line.

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In response to the matters mentioned in the rumors of a “comprehensive layout of vehicle production, power batteries, important components, car leasing, online car-hailing and after-sales training academies, and opening up the upstream and downstream of the industry”, Zotye Automobile called it a complete vehicle Production enterprises are normal medium and long-term development plans or visions. At present, the company’s complete vehicles and some parts and components have already started production, but due to the resumption of production and production, the production and sales volume is relatively small, which has no significant impact on this year’s operating performance.

Zotye Auto said that the power batteries, car rental, online car-hailing and car after-sales training academies mentioned in the rumors have not been substantially implemented, and there is no clear plan at present, and the specific implementation time is yet to be implemented. Uncertainty.

In addition, in response to “the company will introduce advanced power battery technology from overseas companies and establish a joint venture company, the two parties are currently negotiating further and confirming the location of the battery factory. The specific information of the company cannot be disclosed, but it can be confirmed that we Zotye Auto said that the rumors are not true, and the company has not introduced advanced power battery technology from overseas companies and established a joint venture.

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The Shenzhen Stock Exchange also required Zotye Auto to analyze the proposed introduction of power battery technology based on the sources, partners, intellectual property cooperation methods, core technical indicators and comparison with the power battery of the CATL. Advanced, whether the basis for more advanced technology than the CATL is sufficient, whether the relevant statements are objective and fair, and whether there are misleading statements.

The letter of concern pointed out that some media recently reported that Zotye Auto insiders said in an interview that the company “will fully deploy the fields of vehicle production, power batteries, important parts, car leasing, online car-hailing and car after-sales training academies to open up the industry. Upstream and downstream” “introduce advanced power battery technology from overseas companies and set up joint ventures” “battery technology is more advanced than the CATL”. On November 3 and November 4, Zotye Auto’s stock price rose continuously.

Previously, Zotye Motors announced on October 20 that the overseas version of the T300 model officially rolled off the production line. Zotye Automobile said at that time that 2022 is the first year after Zotye Automobile’s reorganization, and the offline of the overseas version of the T300 marks the official resumption of production of Zotye Automobile, which was pressed the pause button.

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▲ Source: Zotye Auto

Zotye Automobile said that 2022 is the first year after Zotye Automobile’s reorganization, and the offline of the overseas version of the T300 marks the official resumption of production of Zotye Automobile, which was pressed the pause button.

According to reports, the overseas version of the T300 launched this time is a compact SUV developed based on the i-AFA platform. The overall outline and appearance are consistent with the T300. At the same time, the 2023 T300L will also be introduced to the domestic market simultaneously.

The Zotye T300 is a small SUV, which was previously priced at 45,900-93,800 yuan. Earlier this month, ST Zotye said on the investor interactive platform that the company’s vehicle business was suspended for the first two years. T300 is one of the company’s re-production models, and the production quantity will be implemented according to the company’s business plan.

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