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Zotye has been out of the public eye for six or seven years. It can be said that in any article about failed Chinese car companies, the name Zotye can be seen. However, Zotye is not only alive, it actually made a profit of 16.81 million yuan in the first three quarters of this year. Don't you find it infuriating.
On November 5th, Zotye announced that the Wink Y01 International Right-Hand Drive version, a small pure electric car developed specifically for the overseas market, has officially rolled off the production line, with mass production and delivery planned for early 2027. The former pioneer of copycat cars, now surprisingly going overseas to sell electric cars.
How prosperous was Zotye back then? In 2016, it sold 330,000 units, relying on imitating the appearances of brands like Porsche, Audi, Volkswagen, etc., sales surged continuously. In 2018, sales dropped to 154,800 units. In 2019, it dropped again to 116,600 units. In 2020, production basically stopped.
In 2021, Jiangsu Shenshang participated in Zotye's bankruptcy reorganization, investing about 2 billion yuan. In October 2022, the Zotye T300 rolled off the production line again in Yongkang, Zhejiang. In 2023, the Jiangnan U2 pure electric car was launched. Unfortunately, although production resumed, sales never recovered.
In 2024, Zotye's complete vehicle business still did not pick up, and in 2025 it basically stopped work. But Zotye was not idle; under its umbrella are Hefei Yiheng, Jinma Technology, and Jinmen Door Industry. These companies have been operating automobile body panels, instrument panels, wiring harnesses, and security doors.
That's right, Zotye Automotive has mainly relied on selling automobile parts and security doors to maintain income these years. Revenue in 2025 was 521 million yuan. Although there was an annual loss of 367 million yuan, at least the company is still operating, and production bases and complete vehicle manufacturing qualifications have not all been lost.
More interestingly was 2026. In the first three quarters of this year, Zotye's revenue was 296 million yuan, net profit attributable to shareholders was 16.81 million yuan, and it actually turned losses into profits.
It turns out Zotye shrank its business in the first half of the year, cancelled some inefficient companies and production sites, and obtained about 200 million yuan in compensation benefits, plus about 30 million yuan in non-operating income from litigation settlements. In other words, although the cars were not sold, they first made the book profit positive by handling historical legacy assets.
However, this new car is really not just casually drawn in an effect diagram. The Wink Y01 is developed based on the Zotye S pure electric small car platform. Length 3,912 mm, width 1,745 mm, height 1,545 mm, wheelbase 2,520 mm. Size is between BYD Seagull and Dolphin.
This car adopts a four-wheel four-corner layout, closed front fascia, triangular headlights, through-type LED light strip, and flush door handles. Power, battery capacity, range, and price are not yet announced, but the appearance has absolute unique distinctiveness, copying no one.
Zotye targets the Indian and Indonesian markets with this car. In July of this year, a KD cooperation agreement was signed with India's Kaly Emotors, planning to build a local assembly project with an annual production capacity of 30,000 sets. At the same time, a strategic cooperation agreement was signed with Indonesia's BPKN, preparing to expand to Southeast Asia.
Zotye's goals are not small. By the end of 2026, it aims to sign agents in 25 countries, and in the long term, enter 55 countries globally. However, currently this car has not formed sales, and whether funds can be secured is also an issue. The cars have indeed been built, whether they can be sold depends on next year.
