Colove Motorcycle has officially addressed a series of rumors circulating online regarding the company's financial stability and internal management. The manufacturer explicitly denied claims that dealers are abandoning the brand, that the company has downsized from 120 employees to just two, or that it is facing imminent collapse.
The company also refuted allegations concerning its former key figure, Zhang Xue. Reports suggesting that Zhang was forced out, that the company is begging for his return, or that management disparaged his technical contributions were dismissed as false. Colove emphasized that Zhang Xue made significant contributions to the brand's development.
To address the spread of misinformation, Colove Motorcycle stated that it began filing police reports in June regarding each wave of rumors. According to the company, law enforcement authorities have investigated these claims, resulting in the detention of several individuals for spreading defamatory and fabricated information.
Colove acknowledged that the brand has faced challenges and made mistakes in the past, which it is actively working to correct. The company maintained that it does not view itself as being in opposition to Zhang Xue or other domestic motorcycle brands, noting that both parties publicly expressed mutual support earlier this spring.
