Who bought Zotye Automobile?

Zotye Automobile was acquired by Jinma, and the purchase price was lower than Zotye's current valuation. It is said that there is a premise that Jinma shares can get a lower purchase price, that is, Jinma shares must spend 2 billion yuan to develop new energy technologies. Zotye brand can be said to be an outstanding representative of independent automobile brands in China. Although the brand is small, it is now a household name. Originally established in 2003, it won six "first" honors in the field of new energy vehicles in China. The news of the acquisition may make some old riders depressed, or it may be a good thing. After all, the Golden Horse Group is still very strong. It is a major instrument panel and other auto parts, and also one of the largest instrument panel manufacturers in China. It also includes the production of many other accessories. If Jinma cooperates with Zotye, it may really be a good thing. The parts produced by Jinma can be directly used by Zotye Automobile, and the after-sales problem is estimated to be very good, which is still worth looking forward to. Million car purchase subsidy