Since 1 and 20 19, Zotye Automobile has been sued by employees, dealers and suppliers. Affected by negative news, Zotye Auto's share price hit a new low. As of the close of 202 1 1 15, Zotye Motor's share price was quoted at 1.39 yuan.
2. Since 202112, *ST Zotye has disclosed the announcement of abnormal stock trading for four consecutive times because of the rising stock price.
According to China Business News:
202 1 1 14, official website, Linyi Municipal Bureau of Commerce, Shandong Province, announced that the cooperation project between Baoneng Automobile Group Co., Ltd., a subsidiary of Baoneng Group, and Linyi Zotye has entered the substantive negotiation stage.
Baoneng Group attaches great importance to the project investment in Linyi and regards Linyi as a strategic investment city in industrial layout. Linyi City has set up a special class office to promote Baoneng Project.