China's NEV sales performance didn't continue to deteriorate last week, despite the beginning of the year usually is a low point for sales.
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The Neta model, codenamed EP41, will be the third shooting-brake style model launched by a Chinese EV maker after the Zeekr 001 and the Nio ET5 Touring.
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Last month, a Chinese media outlet reported that Tesla was planning to restart the third phase of its Shanghai factory, possibly focusing on a $25,000 model.
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The LS6 went on sale in October 2023 and is a Tesla Model Y competitor.
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The Model S and Model X are not produced locally in China, and they have had expected delivery dates of the first quarter of 2024 for the past few months.
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As the global war for NEV market share intensifies, the company could get an edge through its joint venture with US-European auto giant Stellantis.
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