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On November 5, Zotye held the off-the-line ceremony for the Wink Y01 international right-hand drive version at its final assembly workshop in Yongkang, Zhejiang. This model is also the first all-new model to roll off the production line after the company's Zotye complete vehicle business was suspended for many years.
Wink Y01 is positioned as a compact pure electric vehicle, planned for mass production and delivery in early 2027. However, the Wink Y01 will not be sold domestically; its target markets are South Asian and Southeast Asian countries such as India and Indonesia.
The Wink Y01 has a length of 3912 millimeters and a wheelbase of 2520 millimeters, belonging to the A0 class.
According to reports, the exterior design of the Wink Y01 comes from the VC model of Light Orange Era. Light Orange Era obtained 500 million yuan in Series A funding in March 2022, after which it received no new financing, ceased operations in 2024, and declared bankruptcy in 2025. Zotye took over this exterior design scheme and applied it to its own S pure electric compact car platform.
Two overseas agreements support the production line. At the end of June 2026, Zotye reached a cooperation agreement with Indonesia's BPKN, planning to start local production first in SKD semi-knocked-down form; in July, Zotye signed a KD factory agreement with India's Kaly Emotors for an annual production capacity of 30,000 sets. Zotye will export in the form of knocked-down parts to India, where the partner will assemble locally.
The KD mode refers to exporting knocked-down parts and local assembly, while the SKD mode refers to semi-knocked-down assembly. According to Zotye's planning, the company aims to complete agency agreements in 25 countries by the end of 2026, with long-term coverage of 55 countries.
From Zotye starting resumption of production this March to the new car rolling off the line in November, it took eight months.
On March 18, the wholly-owned subsidiary Shenkang Body resumed work; on September 3, the Yongkang base paint shop completed the paint tank injection, which is the link with the greatest modification difficulty and longest cycle among the four major processes; on September 9, Zotye convened the SOP mobilization meeting; on September 22, the first batch of small-batch trial production vehicles rolled off the line, Chairman Han Biwen arrived on site to start the first vehicle, and the four major processes of stamping, welding, painting, and final assembly were all connected. From the mobilization on September 9 to the right-hand drive version rolling off the line on November 5, it took Zotye less than two months.
However, this off-the-line does not equal mass production yet. Zotye stated that the new car still needs to complete complete vehicle performance calibration, multi-round reliability testing, process optimization, and supply chain verification. The mass production time and overseas launch progress are both uncertain, and it is not expected to have a major impact on the company's current performance.
Zotye also stated that the Wink Y01 international version has not yet generated sales as of now. The company's subsequent mass production and market launch require continuous capital investment, and the situation of funds availability is uncertain.
It is reported that Zotye was founded in 2003. In 2016, sales once reached 330,000 units. The SR9 was called BaoshiTai in the market because its appearance was close to the Porsche Macan. In 2019, Zotye had a net loss of 11.19 billion yuan. The parent company TieNiu Group subsequently went bankrupt, and the company entered reorganization. At the end of 2021, Jiangsu Shenshang took over the company for about 2 billion yuan, but the complete vehicle business failed to recover, and annual sales dropped from 502 units all the way to 14 units, with production falling to zero in 2024. In 2025, Zotye resumed production, with an annual production of 1,208 units, but sales were still only 14 units.
According to statistics, Zotye's revenue in the first three quarters was 296 million yuan, a year-on-year decrease of 29.31%; net profit attributable to the parent company was 16.81 million yuan, non-recurring net profit loss was 246 million yuan, and the loss expanded by 41.68%.
The report also mentioned that the company received the CSRC "Filing Notification" on July 10, and was filed for investigation due to suspected violations of information disclosure laws and regulations. As of the date of the report disclosure, the final investigation conclusion has not been received.
