According to a report by Chao News, on the evening of June 12th, a "Nezha Automobile Restructuring Statement" circulated online. The person in charge of Nezha Automobile confirmed to the Chao News reporter that the statement was indeed officially released.
Nezha Automobile stated in a statement that this restructuring is an active self rescue action led by the government under the supervision of the Intermediate People's Court of Jiaxing City, Zhejiang Province. The aim is to resolve the debt crisis through legal procedures, introduce strategic investments, optimize management systems, and open up new paths for the sustainable development of the enterprise.
Nezha Automobile also announced that it will jointly invest with domestic and foreign leading industry capital, with funds specifically used for resuming production, technology research and development, and expanding overseas markets. At the same time, it will optimize and restructure the original management team, and introduce senior personnel with management experience in multinational car companies as the new CEO. Currently, the founder Fang Yunzhou serves as the Chairman and CEO of Nezha Automobile.
At the same time, Nezha Automobile promises to continue operating its domestic and international business, and production bases such as Tongxiang will gradually resume work within a few months, prioritizing the delivery of existing orders; Overseas business will not be affected, and major overseas markets such as Thailand, Indonesia, and Brazil will continue to be the focus of development. All Nezha models' after-sales support, OTA upgrades, and parts supply will be prioritized, and the car's infotainment system and app services will continue to operate normally. ”
