On July 17, according to the official website of Alibaba Assets, Nezha Auto's parent company Hozhong New Energy Automobile Co., Ltd. (hereinafter referred to as "Hozhong New Energy") started pre-recruiting potential investors for restructuring on the Alibaba Assets platform, and began accepting pre-registration materials from strategic investors from July 10. The announcement shows that the restructuring administrators are Zhejiang Haihao Law Firm, Zhejiang Zicheng Law Firm, and Shanghai Junyue Law Firm, and the court accepting the case is the Jiaxing Intermediate People's Court of Zhejiang Province. The administrator said that in order to advance the bankruptcy restructuring process of Hozhong New Energy as soon as possible, effectively revitalize assets, maximize the value of the debtor's assets, and safeguard the legitimate rights and interests of all parties as much as possible, through market-oriented and legal methods to reasonably allocate resources, fully identify and give play to the operating value of the company's assets, it is now pre-recruiting potential investors for this case from the society. The administrator stated in the announcement that Hozhong New Energy has been shut down since November 2024, and it has been 8 months since then. At present, the production line equipment is operating normally, and more than 400 employees including the management team and core technical personnel are still retained, and the conditions for continuing production and operation are met.