Is Zotye Auto a Domestic or Joint Venture Car?
1 Answers
Zotye Auto is a domestic brand. The Zotye brand itself belongs to an independent domestic brand and has no relation to joint ventures. Joint venture cars refer to vehicles produced by automotive companies jointly established by domestic and foreign automakers. Domestic investment methods include granting land use rights and capital; foreign automakers provide brands, technologies, capital, talents, etc. Joint venture automakers are cooperative products under the aforementioned circumstances. Investment methods for joint venture cars: As the name suggests, these are projects jointly established by Chinese and foreign investors. The Chinese side contributes by granting land and factory usage rights along with capital, while foreign investors provide brands, technologies, capital, talents, etc. Joint venture cars are the products of such cooperative arrangements. Foreign parties supply technology, talent, brands, etc., for domestic assembly, but core technologies remain under foreign control. Zotye Auto manufacturer: Zotye Auto Co., Ltd. is an automotive manufacturing enterprise focused on the R&D, production, and sales of complete vehicles. It owns three major automotive brands: Zotye, Jiangnan, and Junma, with vehicle production bases in Zhejiang, Hunan, Jiangsu, Shandong, and other provinces. Its product lineup covers sedans, SUVs, MPVs, and new energy vehicles, with a sales network spanning major and medium-sized cities across China as well as third- and fourth-tier markets. Its products are also exported to Algeria, Chile, Russia, and other countries and regions.