FilingReader Intelligence

Zotye Automobile grapples with losses, plans strategic overhaul

April 28, 2025 at 12:35 PM UTCBy FilingReader AI

Zotye Automobile (SZSE: 000980) faces continued financial headwinds, reporting a net loss of CNY 1,000,463,258.24 in its 2024 annual report. To address these challenges, the company's board has approved a strategic overhaul, focusing on product electrification, resource prioritization, and market-driven initiatives.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:000980Shenzhen Stock Exchange
Automotive

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