Hozon Auto starts seeking potential investors 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 bankruptcy reorganization process for effective revitalization of assets and maximiza...

News  Updated at: 2025/07/04

NETA Thailand under Excise Dept.’s close watch amid parent firm uncertainty 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 proceedings, prompting concerns over potential impac...

News  Updated at: 2025/06/26

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 showed instability earlier this year when its website and social media ...

News  Updated at: 2025/06/25

BYD, Proton, Tesla lead Malaysia’s EV Registrations (by brand) in January – May 2025 Reported on June 11, 2025, data from the Malaysian Road Transport Department (JPJ) revealed the top 20 electric vehicle (EV) brands registered in Malaysia between January and May 2025. BYD remained at the top with 4,355 units registered, followed by Proton with 3,399 units of the eMas 7 (excluding 233 units exported). Tesla came in third with 1,810 units, ahe...

News  Updated at: 2025/06/12

BYD and Proton dominate Malaysia’s EV Registrations (by brand) in Jan–Apr 2025 Reported on May 14, 2025, data from the Malaysian Road Transport Department (JPJ) showed the top 20 EV brands registered in Malaysia between January and April 2025.  BYD led the market with 3,207 units registered, followed by Proton with 2,537 units of the eMas 7. Tesla came in third with 735 units, ahead of BMW with 587 units, Denza with 395 units, XPeng with 380...

News  Updated at: 2025/05/20

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

Neta plans to ramp up EV investment in Thailand; Unfazed by new U.S. auto tariffs 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. Neta currently produces right-hand-drive BEVs at ...

News  Updated at: 2025/04/21

JPJ: Malaysia’s top 20 EV registrations (by brand) in Q1/2025 revealed; BYD, Proton, Tesla lead charge Reported on April 11, 2025, the data released by the Malaysian road transport department (JPJ) revealed the top 20 EV brands registered in Malaysia in the first 3 months of 2025.  BYD led the market with 2,159 units registered, followed by Proton with 1,738 units of the eMas 7. Tesla secured third with 627 units, while BMW landed in fourth wi...

News  Updated at: 2025/04/15

Six Chinese brands to enter Brazil in 2025 On March 25, during the Quatro Rodas Forum "Brazil-China Connection" in São Paulo, industry leaders and Chinese automakers discussed the growing presence of Chinese car brands in Brazil. At least six new Chinese brands including SAIC (MG), GAC, Geely, Leapmotor, Omoda & Jaecoo, and Foton are entering the market in 2025 in the light vehicle segment.  Brands like Caoa Chery, BYD, GWM, Neta, Zeekr, and JA...

News  Updated at: 2025/04/05

46th Bangkok International Motor Show themed "The Talk of Sensuous Automotive" runs from March 26 to April 6 From March 26 to April 6, 2025, Thailand's 46th Bangkok International Motor Show (46th BIMS) will be organized under the theme concept of "The Talk of Sensuous Automotive" (Press Day/VIP Day: March 24-25). International automotive brands joining the show included Aion, Audi, Aston Martin, BMW, BYD, Changan (Deepal / AVATR), Farizon, Ford, ...

News  Updated at: 2025/03/24

BYD, Proton, Tesla lead Malaysia’s EV registrations (by brand) in first 2 months of 2025 Reported on March 10, 2025, the data released by the Malaysian road transport department (JPJ) showed the top 20 EV brands registered in Malaysia in the first 2 months of 2025.  BYD took the top place with 1,139 units registered, followed by Proton with 1,001 units of the eMas 7. Tesla ranked third with 456 units, followed by BMW (311 units), XPeng (155 un...

News  Updated at: 2025/03/13

China Passenger Car Association analysis of production, sales volumes for February 2025 The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, and MPVs, excluding minivans) for February 2025. China passenger car production and sales volumes in February 2025 Retail February retail sales volumes of passenger cars totaled 1.386 million units, reflecting a year-over-year (y/y) ...

News  Updated at: 2025/03/12

Wuling signs MOU with PT PLN’s subsidiary for EV charging stations in Indonesia Announced on February 22, 2025, PT PLN (Persero), through its subsidiary, PT Haleyora Power, signed an MOU with PT SGMW Motor Indonesia (Wuling) to provide easy home charging services for Wuling EV owners within a maximum of 7 days from the date of submission, accelerating development of the EV ecosystem in Indonesia. The signing of the MoU was carried out on the si...

News  Updated at: 2025/02/25

JPJ: BYD, Proton, BMW lead Malaysia’s EV registrations (by brand) in January 2025 Reported on February 12, 2025, the data released by the Malaysian road transport department (JPJ) showed the top 20 EV brands registered in Malaysia in January 2025.  BYD topped the list with 505 units registered, followed by Proton with 421 units of the eMas 7. Third is BMW with 230 units, followed by Zeekr (101 units), Xpeng (81 units), MG (53 units), GWM (43 u...

News  Updated at: 2025/02/18

China Passenger Car Association analysis of production, sales volumes for January 2025 The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, and MPVs, excluding minivans) for January 2025. China passenger car production and sales volumes in January 2025 Retail January retail sales volumes of passenger cars totaled 1.794 million units, reflecting a year-over-year (y/y) decr...

News  Updated at: 2025/02/12

Singapore Motorshow 2025 features over 160 vehicles from 31 auto brands On January 9, 2025, the Singapore Motorshow 2025 officially opened its doors to the public.  Running until January 12, this year’s event features over 160 vehicles from 31 leading automotive brands, including a record-breaking showcase of electric and hybrid models, which make up over 70% of the lineup.  Among the highlight models at the show were Audi Q6 e-tron, the all-...

News  Updated at: 2025/01/15

JPJ: BYD, Tesla, BMW lead Malaysia’s EV registrations (by brand) in 2024 Reported on January 8, 2025, the latest data shared by the Malaysian road transport department (JPJ) showed top 20 EV brands registered in Malaysia in 2024. The number of registrations of the top two EV brands in the list already surpasses 13,000 units, which include BYD’s 8,570 registrations and Tesla’s 5,137 registrations. BMW ranked third in the list with 1,975 unit...

News  Updated at: 2025/01/09

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

November vehicle sales in Thailand down 31.3%, production down 28.2% (detailed report) According to the Federation of Thai Industries (FTI), November vehicle sales in Thailand decreased 31.3% year over year (YoY) to 42,309 units from the same period in 2023. In the first 11 months of 2024, vehicle sales were 518,659 units, a decline of 26.7% YoY.  According to data compiled by Toyota Motor Thailand (TMT), by maker sales in November, Toyota (incl...

News  Updated at: 2024/12/27