Zotye Begin Independent R&D to be the No.1 of Self-owned Brand

SHANGHAI April 26th, 2017 Gasgoo – Zotye has had three models debut on April 19th at Shanghai Auto Show, namely Zotye T700, T500 and T300. This time, the slogan of Zotye is no longer “Deverse Development”, but “Original”. The topic of its new product launch event is “For Quality·world tye!”, which means Zotye Mtor is to produce competitive products and promote the quality of products and services, with the leadership of the scraftman spirit “To be Various, To Promote the Quality and To be Brand-Maker”.

Mr. Jin Zheyong, chairman of Zotye revealed that, Zotye is to struggle for an annual sales of over 400 thousand units, sales by the end of the 13th Five Year of more than 800 thousand units and an output value of over 80 billion yuan.

It’s not a tough goal. Zotye has already shock independent automakers with sales of 21,593 units this February, which was just 70 thousand units less than Changan Motor, the No.1 of independent automakers with sales of 95.675 units. While for new energy vehicles, Zotye ranked No.1 with sales of 3791 units, which even surpassed BAIC and BYD and accounted for 23% of the overall sales of domestic new energy vehicles.

Zotye T700, T500 and T300 aimed at middle-large sized, compact and small-sized market respectively, which showed the layout of Zotye in SUV segment. For new energy automobile market, Zotye is also to list traditional energy cars for T700, T500 and T300 and new energy cars like Cloud 10 plus, Z500EV and facelifts of existing models in 2017.

Although Zotye has a new topic of “Original”, it hasn’t given up “Deverse Development” completely, but “learn widely from others’ strong points”. For example, Zotye T700, the new middle-large sized SUV which was independent researched and developed claimed by Zotye, is similar with others for many details.