Hunan Jiangnan Automobile Manufacturing Co., Ltd., commonly known as Jiangnan Automobile is a Chinese automobile manufacturing company established in 2001 and majority owned by Zotye from 2007 onwards, headquartered in Xiangtan. It went bankrupt, entered reorganisation in 2021 and was relaunched in 2022.
History
The company was officially established in 2001 by the Jiangnan Machinery Group, a subsidiary of the state-owned enterprise Norinco.[1] Zotye acquired a stake in Jiangnan Automobile between 2006[2] and 2007,[2][3] reorganising it in March 2007. Zotye took a 70% controlling stake[1]