Core Viewpoint - The company, Zotye Automobile, announced on September 1 that its subsidiary, Hunan Jiangnan Automobile Manufacturing Co., Ltd., Chongqing Branch, had its T300 vehicle assembly line and related equipment forcibly dismantled by the Chongqing Bishan District People's Court, leading to uncertainty regarding the company's ongoing operational capabilities [1] Summary by Relevant Categories Company Situation - Zotye Automobile's subsidiary has lost the ability to resume production of its first model, the T300, this year due to the dismantling of its assembly line [1] - The company is currently unable to meet the conditions necessary for resuming operations in 2023 [1] Operational Risks - The company faces ongoing uncertainty regarding its ability to continue operations, indicating potential risks to its business continuity [1]
众泰汽车:下属公司资产被强制执行,今年已无法复工复产