Why Has Zotye Auto Completely Suspended Sales?
1 Answers
Due to extremely low sales. The company faced operational difficulties as a result of a precipitous decline in revenue, profits, and sales volume. Below is relevant information about Zotye: 1. Introduction: Zotye Auto is an automobile manufacturing enterprise focused on the R&D, production, and sales of complete vehicles. 2. Brand Scope: Since 2016, Zotye Auto achieved annual sales exceeding 300,000 units for two consecutive years. Currently, the company has established four R&D centers in Hangzhou, Chongqing, Yokohama (Japan), and Turin (Italy), forming three major technical platforms (A, B, L) and creating "six" firsts in China's new energy vehicle sector.