Zotye Auto: Wholly-owned subsidiary Shenzhen Kangshen Body restarts production and work.

Zotye Motors announced that its wholly-owned subsidiary, Zhejiang Shenkang Automobile Body Mold Co., Ltd., resumed work and production on March 18, officially resuming production operations. This resumption of work and production is conducive to improving the company's parts supply system, laying a supply chain foundation for the research and development of new platforms and the production of new vehicle models. However, the resumption of work and production at Shenkang's car body is still in the early stage, and it will take time to ramp up production capacity and coordinate the supply chain, and the stability of production operations still needs to be verified. In addition, the company currently faces significant financial pressure and debt burden, and there is a significant level of uncertainty in fully resuming the entire vehicle business.