Zotye Auto
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| Limited company | |
| Industry | Automotive |
| Founded | 14 January 2005 |
| Founder | Ying Jianren (应建仁) |
| Headquarters | Yongkang, Zhejiang, China |
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Key people
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Wu Jianzhong (吴建中) (Chairman) |
| Products | Automobiles |
| Parent | Zotye Holding Group |
| Website | zotye.com |
Zotye Auto (Chinese: 众泰汽车; pinyin: Zhòngtài Qìchē; officially Zotye International Automobile Trading Co., Ltd.) is a privately owned Chinese automobile manufacturer based in Yongkang, Zhejiang, China. It is owned by Zotye Holding Group and was established in 2005.
Zotye was founded on 14 January 2005 by Zotye Holding Group. Previously, Zotye had contracts to only export automotive parts but increased its production to complete cars to take advantage of the expanding Chinese automotive market. In 2005, because of their reputation as a reliable partner, Zotye established contracts for sales subsidiaries in 10 different countries.
Since 2005, Zotye has expanded its automobile lineup and production numbers. The first model of the brand was a small SUV, the Zotye RX6400, later renamed to Zotye Nomad. The Zotye Nomad bears a remarkable resemblance to the Daihatsu Terios (see also Automotive industry in China).
Zotye's total revenues in 2006 were 2.88 billion RMB (about €290 million).
In 2008, Zotye began exporting the Zotye Nomad, the export name for the 2008 which was launched in China in 2006 as a rebadged Daihatsu Terios. In 2010, Zotye released the Zotye 5008 which is a facelifted Zotye 2008 for the Chinese domestic market. It is still sold as the "Nomad" but also as the Zotye Hunter in various export markers, and also in India as the Premier Rio. Together with LUIS Motors GmbH, Zotye has developed an electric version of the Zotye 5008 for the European market, where it is sold as the "Luis 4U". Zoyte also supplies CKD kits of Nomad to Premier Limited in India to sell a version of this car as Premier Rio, powered by a Peugeot TUD5 diesel engine. Nomads are also sold in South Africa and Latin America. Following a new restyling, it is now marketed as the Zotye T200.
Zotye has an ambitious plan for developing electric cars. It started leasing 5008EVs in Hangzhou in 2010.
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Wikipedia