Hunan Jiangnan Automobile Manufacturing Co., Ltd. (simplified Chinese: 湖南江南汽车制造有限公司; traditional Chinese: 湖南江南汽車製造有限公司; pinyin: Húnán Jiāngnán Qìchē Zhìzào Yǒuxiàn Gōngsī), commonly known as Jiangnan Automobile (simplified Chinese: 江南汽车; traditional Chinese: 江南汽車; pinyin: Jiāngnán Qìchē) is a Chinese automobile manufacturing company established in 2001 and majority owned by Zotye from 2007 onwards, headquartered in Xiangtan. It went bankrupt, entered reorganisation in 2021 and was relaunched in 2022.
History
The company was officially established in 2001 by the Jiangnan Machinery Group, a subsidiary of the state-owned enterpriseNorinco.[1]Zotye acquired a stake in Jiangnan Automobile between 2006[2][unreliable source?] and 2007,[2][3] reorganising it in March 2007. Zotye took a 70% controlling stake[1][3] while the Jiangnan Machinery Group kept a minority 30%.[1] The aim of the Zotye acquisition was to get various production permits from the government.[2][4] The company's production, initially focused on assembling Suzuki Alto-based vehicles, was relaunched in April 2007,[2][3] later also adding Fiat-based models.[4] Jiangnan Automobile assembled mostly Zotye-badged cars such as the Jiangnan TT,[2] the Zotye Z100,[5] the Zotye Z300, the Zotye 5008, the M300, the Zotye Z200HB,[1] the Zotye Yun 100[6] and others.[1]
In November 2021, the company filed for "bankruptcy and reorganisation"[7] as part of a wider restructuring by parent Zotye in order to try stopping its own bankruptcy and liquidation.[8] It was re-established by the end of that year, after Jiangsu Shenshang, the new owner of Zotye, completed its reorganisation process.[9]
In February 2023, news about an upcoming electric microcar by Jiangnan surfaced called the Jiangnan U2. The Jiangnan U2 vehicle body is heavily based on the Ruixiang HOEN O2 or originally, Qingchengshidai.[10]
^ abcde"湖南江南汽车" [Hunan Jiangnan Automobile]. shujubang.com (in Chinese). Archived from the original on 11 May 2019. Retrieved 11 May 2019.
^ abcde"业绩持续下滑 众泰的拿来主义和自主研发都输了？" [The performance continued to decline. Zotye's take-up, independent research and development have been lost?]. sohu.com (in Chinese). Archived from the original on 12 May 2019. Retrieved 11 May 2019.
^"湖南江南汽车制造有限公司召回部分众泰云100汽车" [Hunan Jiangnan Automobile Manufacturing Co., Ltd. recalled some Zotye Yun (Cloud) 100 cars]. sina.com (in Chinese). 3 September 2018. Retrieved 11 May 2019.
^Zhang, Xuelian (5 November 2021). "众泰关联公司 江南汽车被申请破产重组" [Zotye's affiliated company Jiangnan Automobile has filed for bankruptcy and reorganisation]. autohome.com.cn (in Chinese). Retrieved 5 November 2021.
^Jiang, Ninglu (27 October 2021). "众泰汽车发布重整计划草案 下属8家破产子公司纳入清偿范围" [Zotye released the draft for its reorganisation plan and included eight bankrupt subsidiaries in the scope of settlement]. finance.ce.cn (in Chinese). Retrieved 5 November 2021.
^Li, Xing (28 February 2023). "众泰汽车首款全自研纯电动车上市，重庆、永康两大基地已恢复生产围" [Zotye Auto's first fully self-developed pure electric car was launched, and its sites in Chongqing and Yongkang have resumed production]. nbd.com.cn (in Chinese). Retrieved 22 June 2023.
^Li, Na (9 February 2023). "最高续航可达406公里 江南U2官图发布" [Maximum Range Of 406 Kilometers, Jiangnan U2 Official Images Released]. autohome.com.cn (in Chinese). Retrieved 10 February 2023.
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