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Is Zotye closed down? Why are there no 4s stores in China?
The brand went bankrupt, so there are no 4s stores in the country.
Zotye Automobile has difficulties in operation, lack of funds, stagnant production and operation, lack of key functions of internal control, lack of personnel in key positions, a large number of employees leaving or not on duty, abnormal organizational operation, major defects in internal control environment and lack of internal supervision, which leads to the closure of enterprises. Zotye automobile is short of liquidity, and the whole vehicle production is almost at a standstill. The status of the company's recent suspension and semi-suspension of vehicle business has not changed.
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