ZOTYE(SZ:000980) Zhi Tong Cai Jing·2025-09-01 12:32Core Viewpoint - Zhongtai Automobile (000980) announced that its subsidiary, Hunan Jiangnan Automobile Manufacturing Co., Ltd. Chongqing Branch, has had its T300 vehicle assembly line and related equipment auctioned by the Chongqing Banan District People's Court, with both the first and second auctions failing to attract buyers. The court has initiated forced execution to dismantle the assembly line and equipment, indicating that the company will not be able to resume production of the T300 model this year, leading to uncertainties regarding its ongoing operational capabilities [1]. Summary by Relevant Categories - Company Operations - The T300 vehicle assembly line and related equipment are subject to judicial auction, which has failed twice [1] - The company is unable to resume production of the T300 model this year due to the dismantling of its assembly line [1] - Legal and Financial Implications - The Chongqing Banan District People's Court has begun forced execution to dismantle the assembly line and equipment [1] - The company faces risks related to its ongoing operational capabilities due to the inability to produce its first model this year [1]