Zotye Auto's first half performance forecast: revenue of 220 million to 270 million, net profit loss of 290 million to 390 million

Zotye Auto announced its performance forecast for the first half of 2024, with operating income expected to be between 220 million and 270 million in the first half of the year, and a net loss attributable to shareholders of the listed company of between 290 million and 390 million. On June 27, Zotye Auto signed an exclusive distribution agreement with Algeria's SARL AI Auto. According to the agreement, SARL AI Auto is Zotye Auto's exclusive agent dealer in the Algerian automobile market. During the agreement period, the two parties agreed that SARL AI Auto's annual sales volume will be 30,000 vehicles/year, and plans to continue to increase at an annual growth rate of 20%. The models sold will cover T300, T500, T600, T700, Z700, Z360 and pickup trucks and other models.