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Longzhou Co., Ltd.: The holding subsidiary Zhongqi Hongyuan has extended its suspension of work and production until November 30, 2025.
Jin10 Data reported on May 29th that Longzhou Co., Ltd. announced in the evening that its holding subsidiary, Zhongqi Hongyuan, had previously suspended operations temporarily from January 1, 2024, due to the slowdown in the new energy bus market and other factors. As the market situation and operating conditions have not shown significant improvement, the suspension of operations has been extended to May 31, 2025. Since Zhongqi Hongyuan’s operating conditions have not shown significant improvement and there are no production arrangements in the short term, the suspension of operations will be extended from June 1, 2025, to November 30, 2025. Zhongqi Hongyuan has no business orders for 2024, and this continued suspension of operations will have a minimal impact on the company’s revenue.