Zotye Group, located in Yongkang City, Zhejiang Province, which is known as "the capital of hardware" and "the hometown of all kinds of work", was formerly known as Tieniu Group, and its predecessor was Yongkang Great Wall Machinery Hardware Factory, which was founded by its chairman on 1992.
It should not be underestimated that this small factory was quickly merged into Tieniu Group, a private limited liability company with a registered capital of1.01.800 million yuan on February 20th, and was renamed as Zhongtai in 2005. So far, Zotye has established business groups with total capital exceeding 2 billion, such as Huangshan Jinma Co., Ltd. (listed company), Kaide Automobile Co., Ltd., Tieniu Technology Co., Ltd., Jinda Door Industry Co., Ltd., Mold Processing Center Co., Ltd., Tieniu Electromechanical Co., Ltd., Jinma Automobile Industry Co., Ltd., Chongqing Tiehong Machinery Co., Ltd. and Shanghai Tieniu High-tech Co., Ltd.
Corresponding to capital expansion is the expansion of business scope. From the initial hardware to automobile sheet metal parts and automobile molds, Zotye's business has covered many fields such as automobile, automobile and motorcycle instruments, electromechanical, door industry, real estate, tourism, information engineering, import and export, etc.
It is not difficult to see that the auto parts business has always been Zotye's main business, and the greater temptation and layout began to appear after 2003.
Zotye Holding Group, established in 2003, is a modern private enterprise group with R&D as its core business and development direction, and manufacturing key automobile parts such as complete vehicles, engines, molds, sheet metal parts and transmissions as its main business.
It has four advanced production lines of stamping, welding, painting and final assembly at home and abroad and a vehicle dynamic performance testing line.
At present, the Group has become one of the fastest-growing private automobile manufacturing enterprises in China, one of the high-tech enterprises in Zhejiang Province, one of the key cultivating enterprises in the equipment manufacturing industry, and an outstanding representative of Zhejiang Province's efforts to build an advanced manufacturing base.