Zotye Auto Announces New A0-Class Model Enters Mass Trial Production; Shares Surge with Two-Day Deviation Exceeding 20%

On September 9, 2026, Zotye Auto issued an announcement. According to the announcement, the company's stock price saw a cumulative deviation in closing price increases exceeding 20% over two consecutive trading days—September 8 and September 9, 2026—constituting abnormal stock trading volatility as defined by the rules of the Shenzhen Stock Exchange. The announcement stated that the company is advancing the resumption of production and operations in its vehicle manufacturing segment, and its new A0-class model has officially entered the pilot mass-production phase. This model primarily targets overseas markets and, as of now, has not generated any sales. The company currently faces funding pressures, and sustained capital investment will be required for subsequent mass production and market launch. On September 7, Zotye Auto held its fourth extraordinary general meeting of shareholders for 2026, at which three non-independent directors were elected. On its investor relations platform, Zotye Auto indicated that development work on its new self-developed vehicle models is progressing steadily. A staff member from Zotye Auto’s securities affairs representative office stated via telephone that the election of non-independent directors at the shareholders’ meeting has no direct correlation with the recent rise in the company’s stock price. Additionally, the company plans to launch new vehicles within 2026. On the evening of August 28, Zotye Auto released its 2026 interim financial report. For the reporting period, the company recorded revenue of RMB 190 million, a year-on-year decrease of 32.08%. Net profit attributable to shareholders of the listed company amounted to RMB 803.9 million, compared to a net loss of RMB 1.48 billion for the same period last year, representing a year-on-year increase of 154.36%.