Tao Lin denied rumors of Tesla's acquisition of Zotye on social media
It is also from January 2021 that the rumors that Zotye will be reorganized began to circulate from nowhere, and a series of gold owners such as Xiaomi, Weilai and Baoneng were successively matched by shareholders in addition to Tesla. In March 2021* ST Zotye issued the "Announcement of Abnormal Fluctuations in the Company's Stock Trading and Suspension Verification", which announced that the cumulative increase in the closing price of Zotye shares from January 12, 2021 to March 10, 2021 was 205.26%, and the cumulative turnover rate was as high as 89.88%, during which it touched the abnormal fluctuations in stock trading, so Zotye will conduct a suspension verification of abnormal fluctuations in stock trading, and the suspension time will resume trading from the opening of the market on March 11 to the announcement of disclosure verification.
www.tmtpost.com/kegu/view/price?code=usTSLA.OQ" class="stock" > Tesla
Xiaomi, Weilai and Baoneng are not investors in this pre-restructuring (source: Zotye Announcement)" / >