Core Viewpoint - The article highlights the financial struggles and operational issues faced by Nezha Auto, including bankruptcy proceedings, tax debts, and declining sales figures, raising concerns about the company's future viability [1][5][12]. Group 1: Bankruptcy and Financial Issues - Nezha Auto's parent company, Hozon New Energy, has entered bankruptcy proceedings, with a case filed by Shanghai Yuxing Advertising Co., Ltd. in the Zhejiang Provincial Jiaxing Intermediate People's Court [1]. - Hozon New Energy has accumulated significant losses, exceeding 18 billion RMB from 2021 to 2023, and has consistently reported negative operating cash flows [13][14]. - The company has recently been reported to owe over 215,000 RMB in taxes, including urban land use tax, stamp duty, and property tax [5][6]. Group 2: Sales Performance - Nezha Auto's sales have seen a significant decline, with 2023 sales dropping to 127,500 units, a year-on-year decrease of approximately 16%, and projections for 2024 further declining to 64,500 units [12]. - In January 2025, the company reported a domestic delivery volume of only 110 vehicles, indicating severe challenges in maintaining market presence [10][12]. Group 3: Operational Challenges - The company has faced multiple operational issues, including app connectivity problems that have affected vehicle control features, attributed to system faults rather than data plan issues [4][7]. - Previous incidents of website outages due to technical issues have raised concerns about the reliability of Nezha Auto's digital infrastructure [9].