否认步步高与奇瑞“借壳”重组传闻 董事长闪辞众泰汽车前景蒙尘

Core Viewpoint - The sudden resignation of Li Lizhong, the chairman of Zotye Automobile, raises concerns about the company's future direction and adds uncertainty to its already challenging operational situation [2][4]. Company Leadership Changes - Li Lizhong resigned from his positions as chairman and director of Zotye Automobile due to personal family reasons, just two months after his appointment [2][4]. - Han Biwen, who also has a background in Chery, has been nominated as a non-independent director candidate for the ninth board of directors [2][3]. Financial Performance - Zotye Automobile reported a significant decline in sales, with only 14 vehicles sold in 2024, a 98.74% decrease year-on-year, and a production volume of 0 vehicles [5]. - The company's 2025 semi-annual report indicated an operating income of 280 million yuan, a 12.61% increase year-on-year, but a net loss of 148 million yuan, a 41.78% increase in losses compared to the previous year [5]. Market Speculation and Strategic Value - There were rumors about a potential collaboration between Zotye, Chery, and the BBK Group, which were denied by both Zotye and Chery [3][7]. - Despite its challenges, Zotye is seen as having strategic value due to its dual production qualifications for fuel and electric vehicles, established sales networks, and production capabilities [6][7]. Debt Management - Zotye reached a debt settlement agreement with two banks, involving over 400 million yuan, which is viewed as a crucial step to mitigate short-term repayment risks and support operational recovery [9].