Zotye Auto Denies Rumors of Production License Suspension

[Corporate Update] Zotye Auto clarified that its production license has not been suspended, stating that related reports are false.

Key Development: Zotye's Credentials Remain Legally Valid

Zotye Auto explicitly confirmed it remains listed in the Ministry of Industry and Information Technology's (MIIT) "Catalogue of Road Motor Vehicle Manufacturers," under announcement directory number 149, with its vehicle production license legally valid and effective.

Key Data: Rumors About Eight Automakers Lack Evidence

Multiple media outlets reported that eight automakers—FAW Xiali, Brilliance Auto (independent brand), Leopaard, Lifan, Huatai, BAIC Yinxiang, and Haima Automobile—were removed from the catalogue. However, verification against Announcement Batch No. 408 (released on June 11) revealed no such records, and the original source cited, Automobile Business Review, did not publish this information.

Industry Impact: False Credentials Rumor Triggers Market Misinterpretation

The misinformation briefly topped Weibo’s automotive trending topics, highlighting the industry’s acute sensitivity to the survival status of weaker automakers and exposing gaps in fact-checking within information dissemination chains.