Chery abandons acquisition of Nezha Automobile

Chery Automobile once intended to acquire Nezha Automobile for 6 billion yuan, but failed to reach an agreement due to price differences. Six months later, Nezha Automobile's situation deteriorated and Chery said it was no longer interested. Nezha Automobile faced financial difficulties, management trust crisis, supply chain problems and strategic mistakes in overseas markets. Chery focused on its own new energy transformation and listing plan. This incident reflects the different paths and challenges faced by new forces and traditional automakers in the new energy transformation.