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Rumors that Tesla acquired Zotye Automobile?

March 13 news, a few days ago, a Tesla acquisition of Zotye Automobile news spread online, and even signed and sealed documents appeared. In this regard, Tao Lin, vice president of Tesla's external affairs, today debunked the rumors through her personal Weibo: "naked fake news."

Rumors that Tesla acquired Zotye Automobile?

Tao Lin posted on social platforms that the content of this document is not true, and the signature and official seal are also forgeries, and have been suspected of crimes. This kind of rumor-mongering behavior is a deception to the vast number of netizens. Welcome to us to prove to us who is the concoctor of this document? What is the purpose? We will report the case to the public security organs in a timely manner. Let's resist online rumors together.

It is worth mentioning that before Zotye was rumored to be acquired, in February this year, *ST Zotye issued a clarification announcement on the "Great Wall Motor's acquisition of Zotye Linyi Factory", saying that the company and its subordinate Jiangnan Linyi Branch and Zhuotai Automobile Sales Company have not signed any strategic agreements with Great Wall Motors. The above two companies under the company have stopped production and work for a long time, and the subsequent disposal of the assets belonging to the two companies has not yet been determined.

Rumors that Tesla acquired Zotye Automobile?

In addition, it was learned from Ali Auction Network that the (2021) Yu 05 Break No. 173 Bankruptcy Liquidation Case of Chongqing Zotye Automobile Industry Co., Ltd. accepted by the Chongqing Bankruptcy Court will dispose of the property on the Taobao Ali Auction Bankruptcy Liquidation Platform from 10:00 on March 14 to 10:00 on March 15.

The target is all the land use rights, buildings, turnover materials, etc. of Chongqing Zhongtai located at No. 1 Zotye Road, Bishan, Chongqing, with an appraisal price and a starting price of 1.365 billion yuan, a deposit of 0.68 billion yuan, and an increase of 5 million yuan (and its whole multiple). This auction adopts the method of increased price with a reserve price, and the reserve price is the starting price.

It should be noted that on February 28, *ST Zotye replied to investors that Chongqing Zotye Automobile Industry Co., Ltd. is not a subsidiary of the company.

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