On May 14, the topic of "Nezha Auto was filed for bankruptcy" became a hot search on Weibo. In response, Nezha Auto said, "We need to see clearly the applicant. It was an advertising company that filed the application to the court, not Nezha Auto. This is the power that the company should have. At present, we have not filed for bankruptcy. Don't believe in rumors, don't spread rumors." "This news itself is a misunderstanding." A source close to Nezha Auto told Yinshi Finance, "The company is indeed in a difficult situation at the moment, and the top management is still seeking self-help." According to him, there are projects under negotiation, but no one can say for sure before they are implemented.