China auto — popular cars and design: Zotya
Zotye was founded on 14 January 2005 by Zotye Holding Group. Previously, Zotye had contracts to only export automotive parts but increased its production to complete cars to take advantage of the expanding Chinese automotive market. In 2005, because of their reputation as a reliable partner, Zotye established contracts for sales subsidiaries in 10 different countries.
Since 2005, Zotye has expanded its automobile lineup and production numbers. The first model of the brand was a small SUV, the Zotye RX6400, later renamed to Zotye Nomad. The Zotye Nomad bears a remarkable resemblance to the Daihatsu Terios (see also Automotive industry in China).
Zotye’s total revenues in 2006 were 2.88 billion RMB (about €290 million).