Neta Auto Malaysia clarifies parent firm status, local operations unaffected 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.  Neta Auto Malaysia confirmed that its local operatio...

News  Updated at: 2025/05/19

Hozon Auto faces bankruptcy review 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 People’s Court of Zhejiang Province. Established on October 16, 2014, Hozon Auto, with a regist...

News  Updated at: 2025/05/16

Neta Auto Thailand reaffirms continued operations amid parent company rumors 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 process and does not mean the company is bankrupt. Hozon Au...

News  Updated at: 2025/05/15

Hozon Auto (Neta) reportedly planning to cut 400 jobs in Thailand 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 are said to include employees of both Neta Auto Thailand and BGAC...

News  Updated at: 2025/01/03

related plant that will shut down to start operations as early as March 2026. The company will import automotive parts from China for a while and then will gradually increase the ratio of procurement of parts made in Japan. Apatech Motors, which has a plan to import and release the “NETA” EV of Hozon Auto New Energy Automobile Co., Ltd., an emerging Chinese EV maker, is aiming to become a fabless EV maker that plans and develops EVs and outso...

News  Updated at: 2024/11/15

Apatech Motors to release Hozon Auto’s Neta “Aya” EV in Japan in spring 2025 Apatech Motors Corporation (Shinagawa Ward, Tokyo), an electric vehicle (EV) importer agent, will release Hozon Auto New Energy Automobile Co., Ltd.’s China-made EV in Japan in the spring of 2025. The company plans to market the Neta brand Aya SUV mainly for companies. It will sell the EV through its direct sales channel, and will also solicit sales partners. In ...

News  Updated at: 2024/10/28

Neta Auto launches new Neta S shooting brake sedan On August 25, Neta Auto launched the new Neta S mid-to-large-size shooting brake sedan. The model is available in two range-extended and four battery electric variants, with prices ranging from CNY 159,900 to CNY 209,900. The range-extended variants are powered by a 1.5L high-efficiency Hozon range extender, a single rear 200kW/330Nm permanent magnet synchronous motor (PMSM), an RWD system, and a...

News  Updated at: 2024/08/27

-orders for a shooting brake edition of the Neta S mid-to-large-size intelligent sedan. The new model is available in three range-extended variants, with prices ranging from CNY 175,900 to CNY 209,900. The battery electric variants are yet to be unveiled. The Neta S shooting brake is powered by the Hozon Super Range Extender 2.0 system, a 200kW high-performance permanent magnet synchronous motor, and a 43.88kWh ternary lithium battery, delivering...

News  Updated at: 2024/08/15

Neta Auto selects Wind River Linux to develop its intelligent domain controller XPC-S32G for software-defined vehicles Wind River, a subsidiary of Aptiv, announced that Neta Auto has used Wind River Linux to develop its Hozon supercomputing XPC intelligent domain controller XPC-S32G for software-defined vehicles. As the center of the main communication network within intelligent software-defined vehicles, the Hozon XPC-S32G can enable secure cro...

News  Updated at: 2024/07/23

Neta Auto temporarily halts retail operations in Turkey On July 16, multiple sources reported that Hozon Neta Auto has temporarily suspended its retail operations in Turkey due to the GSR2 regulations.  GRS Automobility, which represented Hozon Neta, also transferred a significant number of employees to different units in the group companies. Though GRS Automobility is actively discussing manufacturing and investment opportunities with Neta Auto...

News  Updated at: 2024/07/17

Hozon Auto files for IPO with HKEX According to multiple press releases dated June 26, Hozon New Energy Automobile Co., Ltd. (Hozon Auto), the parent company of Neta Auto, has filed for IPO (initial public offering) with the Hong Kong Exchanges and Clearing Limited (HKEX). Neta Auto’s prospectus shows that the automaker achieved a 2023 revenue of CNY 13.555 billion, a 2023 loss of CNY 6.867 billion, and a 2021 to 2023 aggregate loss of CNY 18.3...

News  Updated at: 2024/07/01

Neta Auto launches its first integrated gateway domain controller with three tech giants On June 5, Neta Auto launched the Hozon Supercomputing XPC-S32G, its first integrated gateway domain controller, with NXP, Jingwei Hirain, and Wind River. The product will make its debut in the new Neta S to be launched in the second half of 2024. Developed with the evolvable EEI (electronic and electrical information) architecture of the Shanhai platform, th...

News  Updated at: 2024/06/07

Neta Auto launches new Neta L range-extended SUV On April 22, Neta Auto officially launched the new Neta L midsize range-extended family SUV, which is available in four variants. Prices range from CNY 129,900 to CNY 159,900. The Neta L is based on the Shanhai platform and equipped with the new in-house developed Hozon Range Extender 2.0 system. The vehicle is powered by a 30kWh or 40kWh lithium-iron phosphate battery, delivering respective CLTC e...

News  Updated at: 2024/04/26

Neta Auto to receive CNY 5 billion investment from investment institutions On April 15, Neta Auto signed a joint agreement on the high-quality development of Hozon Auto, its parent company, with three investment institutions from Tongxiang, Yichun, and Nanning. According to the agreement, all parties will jointly provide Hozon Auto with an investment amounting to not less than CNY 5 billion. They will coordinate relevant resources to support Hozo...

News  Updated at: 2024/04/18

Neta Auto sees 400,000th production vehicle, first Neta L SUVs roll off production line On March 25, Neta Auto announced that its 400,000th production vehicle and the first Neta L SUVs recently officially rolled off the production line at Hozon New Energy Automobile Co., Ltd. in Tongxiang. Positioned as a family vehicle for young people, the Neta L is available in battery electric and range-extended variants, of which the latter is expected to em...

News  Updated at: 2024/03/27

Neta Auto unveils official images of new Neta L midsize SUV On March 18, Neta Auto unveiled official images of the new Neta L midsize SUV. The Neta L comes standard with a full-stack in-house developed Hozon Range Extender 2.0 and a CATL 40kWh battery, with a feeder fuel consumption of 4.85L/100km. It is equipped with configurations such as an integrated thermal container with an operating temperature range of minus 6 degrees Celsius to 50 degree...

News  Updated at: 2024/03/20

Neta Auto enters Mexico with three EVs On February 23, the entry into the Mexican market of Neta Auto, a company belonging to Hozon New Energy Automobile of Chinese origin, was announced. Neta auto will enter Mexico through the marketing of 3 fully electric vehicles: Neta GT, a sports vehicle that accelerates from 0 to 100 km/h in 3.7 seconds; Neta U, a subcompact SUV with aprox 500 km of autonomy, CATL liquid cooled battery, among other features...

News  Updated at: 2024/02/27

Auto Guangzhou 2023: Neta Auto launches Shanhai Platform 2.0 On November 17, at the Auto Guangzhou 2023, Neta Auto officially launched the Shanhai Platform 2.0 with upgrades in the following five areas: 1.       Platform. The Hozon Skateboard Chassis Platform, which consists of the EEI central electrical architecture, the XPC super computing platform, a CTC (Cell to Chassis) battery system, 400V and 800V platforms, and a full drive-by-wire ...

News  Updated at: 2023/11/27

Neta Auto, China starts export to Turkey On October 29, multiple sources reported that Neta Auto, the EV brand of Hozon Auto, has started exporting its cars to Turkey. Neta U crossover will be offered for sale in Turkey for the first time. The car has a CLTC range of 501 km. Based on multiple sources...

News  Updated at: 2023/11/01

for BEV buyers, special excise tax rates, and completely built units (CBU) import tariff reductions. Combined, these benefits translate to a remarkable reduction of up to €6,000 in BEV prices and have led to an explosive interest from various OEMs in participating in the BEV programme. Last year, Hozon Auto debuted NETA, a Chinese brand focusing on affordable BEV models. In August 2022, China's top-tier BEV maker, BYD, joined the ranks, creatin...

News  Updated at: 2023/10/12