NETA to invest $40 million in Hong Kong Science Park (HKSP) for new HQ and R&D.
NETA, which was introduced overseas one year ago, has now been officially established and launched in Indonesia at the Gaikindo Indonesia International Auto Show (GIIAS) 2023 exhibition.
While the penetration rate of new energy vehicles in China will no doubt continue to grow in 2023, domestic manufacturers are accelerating their exploration of the Thai market.
As the new year commences, China's top electric vehicle manufacturers have been announcing their delivery volume for the final month and entire year of 2022, a challenging period marked by repeated pandemic-induced lockdowns and supply chain shortages.
NETA Auto, a Chinese new energy vehicle brand, released a promotional poster for a new car model on December 13.
Qin Lihong, co-founder and president of NIO, said at a media communication meeting held on December 12 that NIO had an advantage in the sales volume of high-end electric vehicles worth over 400,000 yuan ($57,348) in China in November.
This year, NETA Auto surpassed many of its peers in China's electric vehicle market to take the top spot in terms of overall deliveries. But the Chinese automaker is now facing questions about possibly exaggerated delivery figures.
With its advantages in automobile manufacturing and preferential tariff policies, Thailand is emerging as an important destination for China's new energy vehicle makers to begin exploring international markets.
China's auto market experienced challenges in October. Tesla's late October price reduction in China raised questions regarding whether or not there will be price reductions by other new energy vehicle enterprises in the country.
With the arrival of the "Double 11 Shopping Festival", many Chinese automobile companies, such as Leapmotor, NETA Auto and AITO, have launched preferential policies with values as high as 13,000 yuan ($1,793) for vehicle purchases.
Due to COVID-19 pandemic prevention requirements, two NIO automobile factories in Hefei, China's Anhui Province, have recently stopped production, causing delays to delivery. The latest report shows that production has now resumed.
On November 1, NETA Auto, Li Auto, NIO, XPeng and other Chinese electric vehicle firms successively announced their delivery data for October. NIO, XPeng and Li Auto have been gradually surpassed by latecomers.
NETA Auto, a new energy vehicle brand under Chinese firm Hozon Auto, signed a strategic cooperation agreement with Myanmar Grand Sirius Company Limited (GSE) on October 10, marking its official entrance into the Southeast Asian country.
NETA Auto, a Chinese electric vehicle maker that has recently witnessed rapid sales growth, issued an announcement on October 12, showing that the rights and interests of NETA S users have been fully upgraded, with some changes to functional configurations.
Chinese electric vehicle startup NETA Auto on October 10 launched its U-Ⅱ model, starting from 129,800 yuan ($18,162). The new vehicle features over 15 upgrades.
Chinese automaker BYD outsold Tesla by nearly 200,000 vehicles globally in the third quarter of 2022, according to the latest data released by the two companies.
NETA Auto, a vehicle marque under Chinese firm Hozon Auto, announced on September 28 that it will enter the Israeli market after it signed a strategic cooperation agreement with Blilious Group, Israel's leading distributor.
NETA Auto, a vehicle marque under Chinese firm Hozon Auto, announced on September 15 that its global expansion has accelerated in the past few days. The firm's NETA V right-hand drive model has been launched in Nepal and Thailand.
On September 1, mainstream Chinese new energy vehicle (NEV) enterprises announced their delivery results for the month of August. The delivery volume of NETA Auto was 16,000 units, ranking first in the delivery list of new Chinese carmakers in the month.
On August 24, Chinese firm NETA Auto held a launch event for its NETA V Right Rudder Edition car model in Thailand. This marks the official entry of NETA Auto into the Thai market.