上任才俩月，众泰董事长辞职！

Core Viewpoint - The sudden resignation of Li Lizhong as chairman of Zotye due to personal family reasons raises concerns about the company's stability and future prospects, especially given his short tenure of just two months and the company's dire financial situation [1][3]. Group 1: Leadership Changes - Li Lizhong, a veteran from the Chery system with 21 years of experience, was appointed chairman of Zotye in late October 2023 but resigned on December 29, 2023 [1][3]. - The management team at Zotye is heavily influenced by the Chery system, with several key positions held by former Chery executives, indicating a strategic alignment or takeover [5]. - Following Li's resignation, Zotye has nominated Han Biwen, the current president, as a candidate for the chairman position, suggesting an attempt to maintain continuity in leadership [10][12]. Group 2: Financial Performance - Zotye reported a loss of 223 million yuan for the first three quarters of 2025, with a net asset value of only 19.72 million yuan and a staggering debt-to-asset ratio of 99.41%, indicating a near insolvency situation [5]. - The company has faced severe operational challenges, with only 14 vehicles sold in 2024 and no production of complete vehicles planned for 2025, relying instead on the sale of parts [7]. - Zotye has acknowledged a lack of operational funds, which has hindered its ability to resume vehicle production, leading to a situation where production lines are nearly inactive [7]. Group 3: Market Expectations and Collaborations - Initial market expectations regarding a partnership with Chery have been publicly denied by Zotye, which has further dampened investor sentiment and speculation about potential recovery [10]. - The company's current strategy appears to be focused on managing its existing resources rather than pursuing new vehicle production, raising questions about its long-term viability [7][10].