On July 17, according to the official platform of Alibaba Assets, Hezhong New Energy Automobile Co., Ltd. (the parent company of Nezha Automobile) officially opened the pre-recruitment channel for investors interested in restructuring. The recruitment period is from July 10, 2025 to September 8, 2025. Interested strategic investors can submit pre-registration materials through the Alibaba Asset Platform.
Currently, the platform shows that 14 interested parties have submitted their intentions.
On June 30, the manager of Nezha Automobile's parent company (Hezhong New Energy Automobile Co., Ltd.) issued the "Preliminary Recruitment Announcement of Intended Investors of Hezhong New Energy Automobile Co., Ltd.", announcing the pre-recruitment of intended investors from the public. Intended investors who participate in the registration must provide investment plans including but not limited to investment plans, work and production resumption plans, employee resettlement plans, enterprise operation plans after restructuring, etc.
According to the manager's disclosure, Nezha Automobile will cease production in November 2024. The current production line equipment is operating normally and has certain advantages in resuming production. "Hezhong New Energy still retains more than 400 employees, including the management team and core technical personnel. It has the conditions to continue production and operations, can quickly resume production when external conditions are met, and can effectively maintain its original market resources, industry status and competitive advantages."
