Zotye Auto Appoints Han Biwen, Former Chery Executive, as New Chairman

[Personnel Change] Zotye Auto has elected Han Biwen, former senior executive at Chery, as its new chairman. His predecessor, Li Lizhong, resigned after only two months in office due to personal family reasons.

Key Development: Han Biwen Takes Over as Chairman of Zotye, with Extensive Experience Across Chery Group and New Energy Vehicles

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  Han Biwen joined Chery Automobile in 2001 and held various roles including Director of the Manufacturing Center and Vice President. He also previously led the manufacturing systems of Chery Jaguar Land Rover and Qoros Auto.

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  After leaving Chery in January 2024, he joined Skywell New Energy as Co-CEO in April 2024, became President of Zotye in November 2025, and was officially elected Chairman on January 14, 2026.

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  His predecessor, Li Lizhong (former Chairman of Chery New Energy), assumed the role on October 30, 2025, and resigned on December 29, 2025, serving less than two months.

Key Financials: Zotye Reported Revenue of RMB 419 Million and Net Loss of RMB 223 Million in First Three Quarters of 2025

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  The company reported revenue of RMB 419 million in the first three quarters of 2025, an increase of 8.98% year-over-year, but still posted a net loss attributable to shareholders of RMB 223 million, remaining unprofitable.