On March 13, Tao Lin, Tesla's global vice president, said on Weibo that Tesla's acquisition of Zotye Automobile was "naked fake news."
According to a "Letter of Commitment" quoted by Tao Lin on Weibo, "The content of this document is not true, the signature and official seal are also forged, and it has been suspected of committing a crime." 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. In the document, the seal of Tesla (Shanghai) Co., Ltd. was stamped, and the payment was "Zhu Xiaotong", and Zhu Xiaotong was the president of Tesla Greater China.
Previously, on March 10, some investors asked *ST Zotye a question, and recently circulated a letter of commitment signed by the Zhejiang Provincial Market Supervision and Administration Bureau and Zhejiang Zotye Automobile Co., Ltd. before obtaining approval procedures, not engaging in relevant business activities before obtaining approval procedures, and the stamp stamped at the place of payment was Tesla (China) Co., Ltd., and the signer was Zhu Xiaotong. Is this document authentic? If it is a fake document, please debunk the rumors so as not to mislead investors! In this regard, the secretary of the board of directors of *ST Zotye responded: "The company has not heard of the signing of a letter of commitment with the Zhejiang Provincial Market Supervision and Administration Bureau".
Zotye Automobile was once a leader in China's own brand, with a leather gauge, in 2016 to create a sales performance of 333,100 units. However, due to the lack of core technology, the rupture of the capital chain, the stagnation of production and operation, and many other problems, Zotye Automobile and its subsidiaries fell into a debt crisis in 2020, and the production and sales of the whole vehicle stagnated. According to the data, Zotye Automobile has the production qualification of fuel vehicles and new energy vehicles, and has production bases in Zhejiang, Hunan, Hubei, Shandong, Chongqing and Guangxi.
On June 9, 2021, because Zotye Automobile was unable to pay off its debts as they fell due, and there was a clear possibility of incapacitated, the court ruled to accept the reorganization in accordance with the law. On October 9, 2021, the restructuring investor of Zotye Automobile was finally determined to be Jiangsu Shenzhen Commercial. On October 27, 2021, Zotye issued an announcement that the 2 billion yuan of restructuring funds have all been in place, and the funds will be used to pay the reorganization costs, pay off debts, and use the advantages of industrial synergy to help Zotye Automobile restore the national sales network as soon as possible. On December 28, Zotye received the Civil Ruling from the Jinhua Intermediate People's Court, which confirmed the completion of the implementation of the reorganization plan of Zotye Automobile.
Previously, Zotye released a new operation plan for restructuring, mentioned that the company will take the policy of "vigorously developing new energy vehicles and intelligent vehicles" as the guideline: short-term plans to restore and optimize the traditional automobile business, layout of the online car and micro-electric vehicle market, etc.; long-term plan to build a brand matrix in the form of acquisitions and joint ventures, and layout the high-end new energy vehicle market. For participating in the restructuring of Zotye, Jiangsu Shenzhen Shang said that in order to obtain the production qualification of the whole vehicle, the production and sales of the whole vehicle.
According to the data, Jiangsu Shenzhen Commercial Was Incorporated on September 29, 2020, the legal representative is Huang Jihong, and the wholly-owned controlling shareholder is Shenzhen Shenzhen Commercial Holding Group Co., Ltd. (hereinafter referred to as Shenzhen Commercial Group). In 2019, Huang Jihong led shenzhen business group to lead the restructuring business of the huge group of the largest automobile dealer, and became the actual controller of the huge group. At present, the chairman and legal representative of Zotye Automobile have been changed to Huang Jihong.
It is worth mentioning that during the restructuring period, Zotye Automobile's stock price soared, rising by 394% in 2021, climbing from the lowest 1.14 yuan to the highest 9.94 yuan. However, after the completion of the reorganization plan, Zotye's stock price has undergone a correction, currently 3.8 yuan / share, with a total market value of 19.26 billion yuan, up and down in the past two trading days, or affected by the acquisition of Zotye by Tesla. According to the financial forecast, it is expected to achieve operating income of 800 million to 900 million yuan in 2021, and the net profit attributable to the mother is 400 million to 600 million yuan, and the loss is reduced by 96.3% -94.45%. Zotye Automobile said that if it goes well, the company will apply to the Shenzhen Stock Exchange to revoke the delisting risk warning after the release of the annual report, and the shell is expected.
As for Tesla, the current monthly production capacity of Tesla's Shanghai factory is basically maintained at the level of 50,000 vehicles, and it is difficult to have a breakthrough, and Tesla's demand in overseas market is getting higher and higher, so it is constantly rumored that various factories have been built and production lines have been acquired. Previously, on February 12, the "Liaoning Release" public account, which was certified as the "General Office of the People's Government of Liaoning Province", pushed an article titled "Shenyang Dadong District "Five Grasps" and Strive to Be the Vanguard of Revitalization and Development", which appeared in the article: "Combined with the urban renewal of the Wenguan area, open up the industrial development space, and lay the foundation for the landing of major new energy vehicle projects such as Tesla." Because it is released by the official media, and the article mentions keywords such as "Tesla" and "new energy vehicle project landing", many media interpret it as "Tesla's second factory in China will settle in Dadong District, Shenyang City". However, according to Sina Technology, Tesla China responded that "this is false news", and the relevant source "Liaoning Release" has also deleted the article, and the settlement of Tesla's second factory in China has become a mystery again, but there is no doubt that Tesla has begun to plan to build a second factory in China, as for which city, there is no accurate information. However, some netizens believe that although the current Zotye Automobile has no technology to speak of, and Tesla's production capacity is far from meeting the demand, if it can acquire the Zotye factory, perhaps the capacity problem can be alleviated.
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