Zotye Auto issued an announcement on abnormal stock trading on the evening of September 14, saying that the cumulative deviation in closing price gains exceeded 20% over two consecutive trading days on September 11 and September 14, 2026. The company's share price has strengthened notably recently, posting a 4 limit-ups in 5 days pattern over the past five trading sessions, and closed at the daily limit again on September 14 at 2.33 yuan per share. Zotye Auto said in the announcement that after verification, its recent operations are normal, there have been no major changes in its internal or external operating environment, and neither the company nor its largest shareholder has any undisclosed material matters. Regarding market attention on its vehicle business progress, the company said it is fully advancing the resumption of work and production in its vehicle segment, with phased progress achieved across various tasks. The new A0-class model has officially entered the batch trial production stage. The model is mainly targeted at overseas markets, and there is uncertainty in regulatory certification, channel development, and market demand in target markets. As of now, no sales have been formed. The company also said it still faces certain funding pressure, and subsequent mass production and market launch will require continued capital investment. There is uncertainty over whether funding will be in place, which may affect the overseas sales progress of the model. A reporter learned from Zotye Auto that the first trial-produced body-in-white of the Wink Y01 international version, the S03, has successfully rolled off the line. In the next stage, the company will strictly follow project plan milestones and product quality control standards to advance trial production tasks and accelerate the implementation of the model's overseas launch layout.
Zotye Automobile Co LtdCompany faces funding pressure; mass production and launch require continued capital investment with uncertainty over whether funding will be in place
