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Neta’s future in Brazil uncertain due to bankruptcy in China
Chinese EV brand Neta, which entered Brazil in November 2024, is facing major financial trouble after its parent company Hozon Auto officially entered bankruptcy proceedings in China.
Despite promising a long-term presence in Brazil, Neta has sold only 51 vehicles in the country over seven months. Local operations sh....
Despite promising a long-term presence in Brazil, Neta has sold only 51 vehicles in the country over seven months. Local operations sh....
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