Nezha Auto's parent company Hezhong New Energy has initiated the intention of restructuring and is pre-recruiting potential investors.

On July 17, according to Alibaba's assets, Nezha Automobile's parent company Hozon New Energy Automobile Co., Ltd. officially opened the pre-recruitment channel for restructuring investors. Starting from July 10, 2025, interested strategic investors can submit pre-registration materials through Alibaba's asset platform. Previously, on June 12, the Jiaxing Intermediate People's Court accepted the case of Hozon New Energy's bankruptcy and restructuring, and on the same day appointed Zhejiang Haihao Law Firm, Zhejiang Zicheng Law Firm, and Shanghai Junyue Law Firm as the joint administrators of Hozon New Energy. On June 18, the case was transferred to the Tongxiang People's Court in Zhejiang Province by the Jiaxing Intermediate People's Court.