Following indication that it had closed its Glenmarie facility, Neta Auto Malaysia has provided another update on operational changes through a posting on its Facebook page, following on its announcement in early June regarding restructuring […]
According to reports by CarNewsChina, Neta Auto has resumed full salary payments at its Tongxiang plant in China. This marks a step towards the brand restarting operations as it navigates a bankruptcy restructuring. As part […]
Neta parent firm, Zhejiang Hozon New Energy Automobile has officially entered into bankruptcy proceedings, reported Reuters citing Chinese state broadcaster CCTV. A creditor, Shanghai Yuxing Advertising has last month filed a bankruptcy petition against Hozon […]
Car companies in Thailand which are taking part in the Thai government’s EV subsidy programme are required to repay the subsidies if they fail to comply with the conditions of the subsidies, according to Thai […]
The troubles reportedly surrounding Neta continue, with a news report from China indicating that the electric vehicle maker is reportedly set to commence bankruptcy reorganisation proceedings today, June 12, CarNewsChina reported, citing TMTPost. Supposedly, this […]
Neta Auto Malaysia has posted an official announcement on its Facebook page stating that the company is restructuring. Three weeks ago, it refuted reports of its parent company Hozon Auto entering bankruptcy. “Intro Synergy Bhd, […]
It’s been a rough few months for Neta, the struggling Chinese electric carmaker that’s been in the news plenty of times – and not for the right reasons. The bad publicity will not be welcome […]
Here’s something rather interesting – Toyota is rumoured to be evaluating the purchase of struggling Chinese electric vehicle maker Neta in an attempt to shore up its electrification efforts in the Middle Kingdom, IT Home […]
Financially-challenged Neta has, according to Chinese media, reached a debt-to-equity swap agreement with 134 core suppliers worth over RMB2 billion (RM1.2 billion) so that production can continue, according to a report by CnEVPost. Neta offered […]
According to a report by The Business Times, Neta has shut its first and only showroom in Singapore. This comes around three months after the Chinese brand, which is currently facing financial difficulties, launched in […]
More troubles for Neta – citing Chinese media outlet Leiphone, Car News China reports that the carmaker is purportedly dismantling its entire research and development (R&D) team as its finances worsen, and that some 200 […]
EV maker Neta’s parent company Hozon Auto is considering cutting 400 jobs in Thailand, reports The Nation, as just 6,534 Neta V, V-II and X (pictured) units found Thai homes from January to November 2024 […]
The Neta V has obtained a zero-star safety rating from the New Car Assessment Program for Southeast Asian Countries (ASEAN NCAP), having been the first EV crash-tested at MIROS’ Provisional CRASE Crash Centre (PC3). It’s […]
A Neta V caught fire after hitting a lorry tyre on the PLUS highway, KM 277.6 northbound, in the early hours of Saturday (November 9) morning, with all occupants – a driver and two passengers […]
In January, NexV Manufacturing – a joint venture between glove manufacturer Careplus Group and GoAuto Group – announced that construction on its upcoming electric vehicle assembly plant in the Chembong Industrial Area in Rembau, Negeri […]
