According to news on the morning of June 13, after Fang Yunzhou, founder and CEO of Nezha Automobile, was surrounded by employees in the office on June 11 to ask for salary, a "Nezha Automobile Restructuring Statement" leaked out yesterday evening, and was eventually confirmed by Nezha Automobile as an internal document.
According to the statement, Hezhong New Energy Automobile Co., Ltd. ("Hezhong New Energy"), the parent company of Nezha Automobile, has entered the reorganization process. This reorganization is an active self-rescue operation led by the government under the supervision of the Intermediate People's Court of Jiaxing City, Zhejiang Province. It aims to resolve the debt crisis through legal procedures, introduce strategic investments, optimize the management system, and open up a new path for the sustainable development of the enterprise.
It is reported that the managers of Nezha Automobile will unite domestic and foreign leading industrial capital to jointly invest in the company, and the funds will be used exclusively for resumption of production, technology research and development and overseas market expansion. At the same time, the original management team will be optimized and reorganized, and the new CEO will be a senior person with management experience in multinational automobile companies to promote the professionalization of the governance structure.
In addition, Nezha Automobile's domestic Tongxiang and other production bases will gradually resume work within a few months, giving priority to ensuring the delivery of existing orders, and achieving a stable transition of the dealer system through financial support. Overseas business will not be affected and will continue to operate normally. After the investment is completed, it will further increase investment in overseas markets, especially major overseas markets such as Thailand, Indonesia, and Brazil, which will continue to be the focus of Nezha Automobile's development.
