众泰汽车7亿股二拍流拍，T300产线遭强制拆除

Group 1 - The core issue is the inability of Zotye Auto to sell its assets, with a recent auction of 700 million shares resulting in no bidders, highlighting the company's financial distress [1] - Zotye Auto's subsidiary, Hunan Jiangnan Automobile, faced failed auctions for its T300 model production line and related equipment, leading to a court-ordered demolition by September 15 [1] - Once known for its low-cost imitation of luxury vehicles, Zotye Auto's sales peaked at over 330,000 units in 2016, surpassing newer competitors like NIO and XPeng, but has since faced a dramatic decline in sales and production halts due to a lack of core technology [1] Group 2 - Financial reports indicate that Zotye Auto has incurred significant losses, totaling over 25 billion yuan since 2019, with a debt ratio reaching 97.28% and only 8.725 million yuan in equity remaining for shareholders [2] - The company's automotive operations have been unable to resume due to a lack of operational funds, as stated in the semi-annual report [2]