Core Insights - Several Chinese electric vehicle companies, including Hezhong New Energy and Jidu Auto, are undergoing restructuring efforts to attract strategic investors and revitalize their operations [1][2] - The revival of bankrupt EV companies is not merely a financial restart but also involves restoring consumer trust, as there are no successful revival cases in the industry yet [1][2] Group 1: Restructuring Efforts - Hezhong New Energy is publicly recruiting management trustees to advance its restructuring process [1] - Jidu Auto has initiated a pre-restructuring program aimed at introducing new strategic investors [1] - WM Motor has relaunched its mobile platform during its bankruptcy restructuring phase [1] Group 2: Challenges and Requirements for Revival - Restoring credibility is essential, focusing on consumer rights and service restoration, including app services and a mature after-sales network [2] - The industry needs to shift from concept-driven products to high-quality models that meet current smart technology demands [2] - Companies must adopt a more measured approach, transitioning from aggressive expansion to a focus on value and sustainable growth [2] Group 3: Recommendations for Industry Improvement - Regulatory bodies should enhance the bankruptcy restructuring framework and consumer rights protection mechanisms [2] - Industry organizations need to strengthen standards and service oversight to fill existing responsibility gaps [2] - Genuine organizational capability reconstruction, user relationship repair, and clear strategic positioning are crucial for companies to successfully re-enter the EV market [2]