Risk warnings could not stop Zotye from hitting the daily limit 70 times, but it still failed to find a buyer.

Zotye, the "Porsche" that once relied on the "tape measure department" to help countless young people realize their "luxury car dream", is now on the road of restructuring.

August 10 is the deadline for the recruitment of restructuring investors for *ST Zotye (000980.SZ), but as of press time, Zotye Auto has not released any information on the registration of restructuring investors. Due to the unclear progress of the recruitment of restructuring investors, *ST Zotye's stock price opened high and fell yesterday. It hit the daily limit at the opening in the morning, and then fell rapidly in the afternoon, closing at 7.41 yuan, a decrease of 0.13%.

The entire automotive industry is paying attention to the issue of Zotye's restructuring investors. There have been rumors that automakers such as Tesla and Great Wall may reorganize Zotye, but it turned out that they were all groundless.

In January, Zotye Auto disclosed information about its pre-reorganization investors, with Shanghai Zhiyang Investment Co., Ltd. and Hunan Zhibo Equity Investment Fund Management Co., Ltd. emerging. However, in May and June, the two companies successively Suspension and Termination The relevant investment projects of Zotye Auto.

Last month, Zotye Auto re-launched its recruitment for restructuring investors. The "commitment conditions" for applicants are: participate in the restructuring with a consideration of no less than 2 billion yuan, obtain the qualification of restructuring investor, and after becoming a controlling shareholder, continue to inject funds and resources into Zotye Auto to help Zotye Auto grow and develop in the vehicle manufacturing industry.

It can be seen that Zotye Auto has not changed its ambition to grow in the vehicle manufacturing industry, but it is still unclear whether any company will invest in and restructure Zotye in the future.

It is worth mentioning that in the past year, Zotye Auto, which has been operating at a loss, has achieved 70 daily limit increases in the secondary market. Despite facing warnings such as "uncertainty in its ability to continue operations" and "the risk of delisting of its stocks" on many occasions, it has continued to rise, with an incredible performance.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.