, which has been discontinued for a long time, suddenly announced the latest trend of the resumption of production of the entire vehicle on the evening of October 18.
ST Zotye announced that since the reorganization was completed at the end of 2021, the company has been committed to the resumption of production of automobiles and vehicles. At present, the relevant preparations before resuming production have been basically completed. The company plans to launch the first batch of T300 models to resume production at Yongkang Base on October 20, 2022 and hold a downlink ceremony.
In 2021, due to the lack of working capital, ST Zotye's vehicle production has almost reached a stagnation, and the company's operating income mainly comes from the sales of automobile parts. After completing the bankruptcy reorganization work, promoting the resumption of production of the company's complete vehicles has become an important task for ST Zotye.
In August this year, ST Zotye announced that it had reached a cooperation with the Bishan District Government of Chongqing City, and will invest in the intelligent connected new energy vehicle research and development and production base project in Bishan , and transform and build a production base for new energy vehicle production of 100,000 units per year.
According to the plan at that time, ST Zotye will rent the production line of the former Chongqing Zotye Automobile Industry Co., Ltd. and carry out technical transformation to build a production base for new energy vehicles with an annual output of 100,000 units. In this project, the Bishan District Government fully cooperated with ST Zotye's resumption of work and production and the introduction of new models.
ST Zotye said that this move is to implement the company's plan to resume work and production, and will help the company's research and development and technology accumulation in the side of the intelligent connected new energy vehicle.
In addition, in the 2022 semi-annual report, ST Zotye stated that the company has held several special meetings on resuming production to discuss and solve problems in resuming work and production. At present, the company has completed the designated work of most suppliers of a certain model, and has signed supply contracts, development agreements, etc. with key suppliers. The preparation of documents and parts installation experiments during the resumption of production have been basically completed.
Original title: ST Zotye announced that the first batch of resumed production will be offline soon
Source: Securities Times (excerpt)
