Zotye Motors was investigated by the China Securities Regulatory Commission and has suffered losses totaling RMB 25 billion for seven consecutive years.

last night,Zotye Automobile issued an announcement stating that the company received a "Notification of Case Filing" issued by the China Securities Regulatory Commission. Due to suspected violations of information disclosure laws, the China Securities Regulatory Commission decided to file a case against the company. The document number is Securities Regulatory Case No. 01120260029.. The announcement did not specify the specific violations of this case, but the company had previously disclosed penalties.

In March this year, the Zhejiang Securities Regulatory Bureau issued a warning letter to it: On December 21, 2025, the company had an overdue restructuring debt of 69.4611 million yuan, which was delayed for more than a month before being disclosed to the public, violating the timely information disclosure regulations. The then chairman, general manager, and board secretary were all held accountable.

The company's external statement is that the current vehicle production and operation maintain normal operation, and it will fully cooperate with regulatory inspections during the investigation phase and disclose progress in a timely manner in accordance with regulations.

From a fundamental perspective, Zotye’s operations continue to be under pressure:It suffered losses for seven consecutive years from 2019 to 2025, with a total cumulative loss of more than 25 billion yuan. In 2025, only 1,208 vehicles were built and only 14 vehicles were sold throughout the year. In the first quarter of 2026, revenue was 74.7619 million yuan, a year-on-year decrease of 24.29%. It still lost 82.0099 million yuan in a single quarter, and the company's asset-liability ratio was close to 99%.

At the same time, the company's senior executives frequently resigned. On June 30, Wang Yi'an applied to resign as vice president of Zotye Automobile. On June 20, Xu Mingzhe applied to resign from the company's ninth board of directors and other related positions due to personal work adjustments. The management stability was insufficient.

In the secondary market, the stock closed up 4.09% on the day of the announcement, with a closing price of 1.78 yuan, and a total market value of less than 9 billion yuan.