Nezha Auto founder and CEO Fang Yunzhou's equity is frozen

Recently, the equity of Fang Yunzhou, the founder and new CEO of Nezha Auto, was frozen. The company involved is Hozon New Energy Automobile Co., Ltd. The amount of frozen equity is 19.86 million yuan, and the freezing period is from December 18, 2024 to December 17, 2027. The incident was executed by the Tongxiang Municipal People's Court.