Is Zotye Group a private enterprise or a state-owned enterprise?

Zotye Holding Group, established in 2003, is a private enterprise with the core business of complete vehicles, engines, molds, sheet metal parts, transmissions and other key automobile parts. It has become one of the fast-growing private automobile manufacturing enterprises in China, and won the titles of "World Peace Contribution Award", "China Low-carbon Outstanding Contribution Enterprise", "China Excellent Demonstration Unit Award", "China Excellent Innovative Enterprise" and "National Honorary Star".