Nezha Automobile's parent company is pre-recruiting potential investors with a restructuring intention, claiming to have the conditions to continue production and operation.

On July 17, according to the official website of Alibaba Assets, Nezha Automobile's parent company, Hezhong New Energy Automobile Co., Ltd., has initiated the pre-recruitment of investors for restructuring on the Alibaba Assets platform, and has been accepting pre-registration materials from strategic investors since July 10. The announcement states that the restructuring manager institutions are Zhejiang Haihao Law Firm, Zhejiang Zhicheng Law Firm, and Shanghai Junyue Law Firm, and the accepting court is the Intermediate People's Court of Jiaxing City, Zhejiang Province. The managers stated that in order to expedite the bankruptcy restructuring process of Hezhong New Energy, effectively activate assets, maximize the value of the debtor's assets, and protect the legal rights and interests of all parties as much as possible, they are recruiting potential investors for the case from the society through market-oriented and rule-of-law methods to reasonably allocate resources and fully recognize and leverage the operating value of company assets. The managers stated in the announcement that Hezhong New Energy has been shut down since November 2024 for eight months now. The production line equipment is still operating normally, and there are still over 400 employees, including management team and core technical staff, with the conditions to continue production and operation.