Once Zotye Automobile can be described as a hit, with the successful reproduction of major luxury brand models, Zotye embarked on the fast track of drinking dove-quenching thirst. Subsequently, several sub-brands developed by the Zotye system, HanTeng, Hanlong, Junma, and Mahayana basically took the same route as Zotye. However, this kind of "copying operation" product strategy did not make Zotye's scenery last for a long time, so we saw that due to the lack of liquidity, the comprehensive overdue of interest-bearing liabilities, the suspension of production and operation, etc., Zotye and its 8 subsidiaries fell into a debt crisis, and Mahayana, Hanteng, Hanlong, etc. were also in a state of near-death.
So, how to deal with these suspended automotive production bases? Many domestic brands "one brother" have become "takeover heroes".
It is understood that after successively "swallowing" the production bases of Hanteng, Hanlong and other Zotye systems, Zotye's own Linyi factory has also recently become the bag of Great Wall Motors. According to autoNavi's map, No. 76 Hongkong Road, Hedong District, Linyi City has become the Linyi branch of Great Wall Motor, which was previously the "world of Zotye". Great Wall Motors only acquires production capacity for Zotye factories and will not participate in the company's deeper level. Great Wall Motor's official statement also said that the signatories for this project are Great Wall Motors and Linyi Municipal Government, and no other third parties are involved.
It is reported that great wall motor Linyi vehicle and parts production base project, the main construction of an annual output of 120,000 vehicle production base, engine and parts production base. In fact, before taking over the Linyi plant of Zotye, Great Wall Motors also took over the Jingmen production base of Cheetah, the second phase of Hanteng's factory and Hanlong's Daye plant, which can obtain an annual production capacity of more than 300,000 vehicles. It should be known that in 2021, Great Wall Motors has set a target of 4 million vehicles per year in 2025, and the idle production capacity of car companies with difficult operations is a further expansion of the company's existing production capacity, which has become the most reasonable explanation for its frequent purchase of factories.
In addition, as the son of Wu Jianzhong, the former chairman of Zotye Automobile, Wu Xiao, after Xiao Xiao, the son of Theodore Electric, succeeded Xiaoniu Electric's Niuchuang Automobile in taking over the Changzhou plant of Mahayana Automobile, BYD Automobile has taken over the Fuzhou production base of Mahayana Automobile. At this point, the two Industrial 4.0 standard automotive technology industrial parks of Mahayana Automobile have been divided. It is understood that BYD Fuzhou New Energy Automobile Industrial Park will put into production Dolphin, Yuan Series, e Series (e2, e3), EQ Series and other pure electric vehicle models, of which the EQ series will be BYD's newly launched A00-class car, which is expected to be named "Seagull", which is basically to compete with Wuling Hongguang MINIEV.
It can be said that the failure of the Zotye family has sounded the alarm for independent brand enterprises, if the automotive industry wants to exist for a long time, it must have its own core technology, can keep up with the development speed of modern science and technology, in order to survive in this fierce battle. Nowadays, the strong merge the weak, and then the strong confront, which is also the inevitable path for China to become an automobile power. And the auto market has never stopped shuffling, and the next butcher knife is still hanging high above the head, always interpreting the most cruel law of survival of the fittest.
It is worth mentioning that on January 5, 2022, Zotye Automobile issued an announcement that *ST Zotye and its 8 subsidiaries have completed the restructuring plan, not only that, Zotye Automobile also applied to the Shenzhen Stock Exchange to revoke the delisting risk warning, and Zotye is back! Only this time, the controller of Zhongtai has become Huang Jihong. This also shows that the "car-making dream" of Wu Jianzhong's father and son has come to an end. At present, Zotye TS5 may be the first model to restart production, and whether it can be recognized by consumers remains to be tested.