Bankruptcy case filed against Neta's parent company
The post Troubled Neta Auto faces potential bankruptcy rather than Toyota acquisition appeared first on CarNewsChina.com.
Category: Neta
Toyota reportedly considers acquiring struggling Neta Auto to accelerate China EV plans, while Neta seeks rescue from financial collapse and production halt
The post Toyota eyes acquisition of troubled Neta to boost China EV push, report says appeared first on CarNewsChina.com.
Chinese EV startup Neta faces mounting troubles as dealers gather at its factory demanding payment for undelivered vehicles and compensation for losses
The post Neta Auto faces escalating crisis as dealers protest at factory gates appeared first on CarNewsChina.com.
As suppliers surround headquarters demanding payment and employees work at half salary, the troubled Chinese EV maker pins its survival hopes on Thai market expansion
The post Neta Auto secured credit line from Thailand in bid to survive appeared first on CarNewsChina.com.
Neta has struck a debt-for-equity swap deal with 134 core suppliers worth more than 2 billion yuan ($275 million) in preparation for resuming production, according to local media.
For details, please visit CnEVPost.
Notably, some employees have complained online that while staff are receiving minimum wage, the company continues to pay for expensive housing rentals for its executives.
The post Neta Auto faces financial crisis, dismantles R&D amid supplier protests appeared first on CarNewsChina.com.
Neta reportedly obtained 818.8 million USD in investments. The company paid dalayed salaries and focused on overseas markets.
The post Neta reportedly received 818 million USD injection – to double overseas sales appeared first on CarNewsChina.com.
Neta sold nearly 30,000 cars overseas in 2024, with overseas sales channels growing to 184.
For details, please visit CnEVPost.
Neta Auto officially made its debut at the Singapore Motor Show and officially announced the Neta X and Neta AYA models in Singapore
The post Neta enters Singapore market with two compact SUVs appeared first on CarNewsChina.com.
Neta launched the Neta X and Neta Aya in Singapore today and secured 52 orders in the morning.
For details, please visit CnEVPost.