Nezha Auto is in financial crisis, parent company Hozon New Energy is sued for contract dispute

Hozon New Energy Automobile Co., Ltd. and its subsidiary Hozon New Energy Yichun Branch were sued by A-share company Evert to the People's Court of Yuanzhou District, Yichun City, Jiangxi Province for failing to pay 48.195 million yuan on time. Nezha Auto, as the main brand of Hozon New Energy, was once the sales champion among new forces, but now faces serious financial difficulties.