Reported on January 7, 2026, Thailand’s Excise Department is preparing legal action to track NETA’s assets following the company’s withdrawal from Thailand, a Ministry of Finance source said.
The department is set to sue Chinese EV maker NETA to recover government subsidies and enforce bank guarantees from Bangchan G

On June 12, the Jiaxing Intermediate People’s Court of Zhejiang Province ruled to accept the bankruptcy reorganization case of Hozon New Energy Automobile Co., Ltd. (Hozon Auto), the parent company of Neta Auto, and appointed three law firms as joint administrators to oversee the process.
To expedite Hozon Auto’s ban

Reported on June 25, 2025, Thailand’s Excise Department revealed that the situation involving Neta Thailand is under close watch, with continuous discussions being held involving the department and relevant parties.
NETA's parent firm in China, Zhejiang Hozon New Energy Automobile Co., Ltd., has initiated bankruptcy

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

On May 15, 2025, Neta Auto Malaysia addressed false rumors circulating online about the bankruptcy of its parent company, Hozon Auto. The company clarified that the issue stems from a debt dispute involving a creditor, YuXing Advertising, which filed a bankruptcy application, a standard legal procedure in such cases.

According to information on the National Enterprise Bankruptcy Information Disclosure Platform (NEBIDP) website dated May 13, Hozon New Energy Automobile Co., Ltd. (Hozon Auto), the parent company of Neta Auto, is facing a bankruptcy review filed by Shanghai Yuxing Advertising Co., Ltd. with the Jiaxing Intermediate

On May 15, 2025, Neta Auto Thailand issued a statement to clarify false rumors regarding the bankruptcy of its parent company, Hozon Auto.
The company explained that a creditor, Yuxing Advertising, had filed a court petition to assess Hozon Auto’s financial status due to a debt dispute. This is a routine legal proces

Reported on April 15, 2025, Neta Auto Thailand remains unfazed by new U.S. auto tariffs and plans to boost its investment in Thailand, which serves as its export hub for Southeast Asia.
While the company didn’t reveal the revised investment figure, it confirmed it will exceed the previous estimate of THB 5 billion.
N

Reported on March 25, 2025, Neta Auto Thailand confirmed its commitment to its EV manufacturing plan in Thailand, aiming to resume full production in June.
During April and May, the company will focus on clearing its debts with suppliers and dealers.
At the press day of the 46th Bangkok International Motor Show, the

On March 19, 2025, Neta Auto Thailand announced that recent rumors spreading "the company dismissing R&D Team and other propaganda are false information.
Currently, Neta Auto is promoting further cost reduction and efficiency enhancement through optimization of organization and procedures. 
The company added that for

On January 22, Neta, a Chinese electric vehicle manufacturer, inaugurated its first dealership in Rio de Janeiro, Brazil, and announced plans to begin local production by 2026 under a CKD (completely knocked down) assembly model to reduce taxes.
The company is in talks with established manufacturers in Goiás, São Pau

Reported on December 26, 2024, Chinese EV manufacturer Hozon Auto is reportedly considering cutting 400 jobs in Thailand as part of its business restructuring plan.
Its Thai subsidiary, Neta Auto Thailand, produce Neta EVs at the Bangchan General Assembly (BGAC) plant in Bangkok to produce Neta EVs. The 400 job cuts

On November 13, Neta Auto announced the opening of pre-sales for its X and Aya models in Brazil.
The Aya is available in two versions, Comfort and Luxury. Both are equipped with a permanent magnet synchronous motor delivering 95 hp and 15.3 kgfm of torque, powered by a 40.7-kWh battery with a 6.6-kW charging capacity

On November 8, 2024, Neta Auto Thailand announced that Neta X EV secured the top-position in Thailand’s electric SUV segment in October 2024 as its registrations reached 570 units.
According to the company, since Neta brand was officially introduced in Thailand in 2022, over 20,000 Neta cars have been delivered to th

On November 1, multiple sources reported that MojaEV will supply 100 NETA V electric cars to taxi drivers in Nairobi, Kenya. The first 20 NETA V’s have already been delivered, remaining will be delivered before the end of this year. MojaEV plans to deliver 500 vehicles by the middle of next year.  MojaEV is a new ene

On October 21, the Chinese brand Neta Auto decided to delay its start of operations in Brazil by two months.
This delay is due to legal and bureaucratic procedures that have taken longer than expected by the OEM. The new estimated start date of operations in Brazil is November 1, 2024, as the company plans to have th

On October 9, NETA Auto, a leading player in the global new energy vehicle industry, launched its globally popular model, NETA X, in Uzbekistan, marking the company's entry into the Central Asian market. It also delivered the first batch of vehicles to customers alongside the launch.
The NETA X boasts a stylish desig

On September 27, 2024, NETA Auto Indonesia held the “Grand Launch of NETA X - Xperience Tech With EV" event, announcing that it is priced from IDR 428 million (OTR Jakarta). 
Officially introduced locally at the GIIAS 2024 event in Jakarta, this intelligent 5-seater EV boasts a large dimension for a medium SUV class,

On September 20, Neta Auto announced that it signed a strategic cooperation agreement with BTG Pactual, Latin America’s largest investment bank, and its Sertrading trading company, securing BRL 1 billion in funding on September 18. 
The funding will be allocated to import services, the development of charging infrast