Investing.com -- Autozi (NASDAQ:AZI) stock surged 31.6% in premarket trading Wednesday after the company’s founder and chairman announced plans to purchase shares worth up to $30 million over the next year.
Dr. Zhang Houqi, who also serves as Autozi’s controlling shareholder, committed to buying company shares incrementally over the next 12 months at $5 per share. The purchase, using personal funds ranging between $10 million and $30 million, demonstrates his confidence in the company’s long-term prospects and will support the execution of Autozi’s three-year strategic plan.
The Chinese automotive supply chain platform operator recently overcame significant capital market challenges, including a near-delisting from Nasdaq. The company received a compliance notice from Nasdaq on January 14, 2026, canceling a scheduled delisting hearing and removing the threat of being dropped from the exchange.
Autozi has unveiled a three-year strategic framework focused on three pillars: achieving profitability, expanding its domestic Chinese operations, and breaking into overseas markets. The company aims to build China’s first nationwide maintenance parts supply chain platform while also establishing a digital cross-border supply chain platform for international markets.
Founded in 2010 by Dr. Zhang, a former Global Vice President of Lenovo Group, Autozi has developed an ecosystem spanning auto parts supply, vehicle supply, and insurance services. The company currently serves more than 100,000 repair shops with annual GMV exceeding RMB 10 billion.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.































