Nezha Auto CEO Zhang Yong has not resigned, and the company continues to adjust its strategy

Recently, news about the resignation of Zhang Yong, CEO of Nezha Auto, has attracted attention. In this regard, the relevant person in charge of Nezha Auto said that Zhang Yong is still working in the company and has not resigned. The company is currently operating well. It is reported that Nezha Auto has been in negative news of layoffs, salary cuts, and strategic adjustments recently. On October 29, the company launched a salary reduction plan for all R&D personnel. On October 30, Nezha Auto announced the launch of an equity incentive plan for all employees, and will take out 5% of its shares (valued at approximately 2 billion yuan) as an incentive. On November 14, the company will carry out large-scale department integration and strengthen the application of AI tools. It is expected that labor efficiency will increase by 40%, operational efficiency will increase by 50%, and operating expenses will be reduced by more than 50%. On November 27, Fang Yunzhou, the founder of Nezha Auto, said that the company has been struggling to survive, but their era needs them to carry it. It is worth noting that Nezha Auto has not announced sales and delivery data for two consecutive months.