On August 12, the China Enforcement Information Disclosure Network released information showing that Hezhong New Energy Automobile Co., Ltd., a company affiliated with Nezha Automobile, was listed as a dishonest person subject to execution by the Guangzhou Haizhu District People's Court for violating the property reporting system, and the company's performance status was all unfulfilled.
In addition, according to Qichacha information, on August 11, Hezhong New Energy Automobile Co., Ltd. was listed as a person subject to execution for breach of trust (Lao Lai), and the related judicial case was an exhibition contract dispute. It can be seen from the case process information that the company was previously executed for 57,594 yuan due to this exhibition contract dispute case.
It is reported that Hezhong New Energy was established on October 16, 2014, with a registered capital of 2.84 billion yuan. In terms of industrial layout, the two-wheel drive pattern of "domestic deep cultivation + overseas expansion" is adopted. In 2022, Nezha Automobile sales topped the list of new forces, but since then it has plummeted. Since 2024, the company has owed more than 6 billion yuan in payments to suppliers, and has been involved in many judicial cases and the amount of execution is huge. On May 13, 2025, Hezhong New Energy Vehicle Co., Ltd., a company affiliated with Nezha Automobile, was filed for bankruptcy review by Shanghai Yuxing Advertising Co., Ltd. and officially entered bankruptcy proceedings on June 19.
In July of the same year, Hezhong New Energy Automobile Co., Ltd., the parent company of Nezha Automobile, launched a pre-recruitment of investors interested in restructuring. Interested strategic investors can submit pre-registration materials through the Alibaba Asset Platform starting from July 10. According to the Alibaba Asset Platform, 66 interested parties have submitted their intentions and are still being recruited.