Nezha Automobile faces bankruptcy crisis, Toyota Sankyo once intended to invest

Nezha Auto has recently fallen into financial difficulties, and its new Shanghai headquarters was forced to close due to employee wage demands. Although it was previously reported that Toyota Sankyo Co., Ltd. had planned to invest in and sign a strategic cooperation agreement with Nezha Auto, this investment may not be realized due to internal conflicts in Nezha Auto and the upcoming bankruptcy proceedings. Toyota Sankyo is a Japanese chemical company and has no direct relationship with Toyota Motor.