Today, Shenzhen Stock Exchange issued a letter of concern to Zotye Auto, requesting that the company will comprehensively deploy vehicle production, power batteries, important parts, car rental, online car-hailing and car after-sales training academies, etc. In the field, whether the introduction of power battery technology and the establishment of a joint venture company is true.
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.
