Neta Auto - Asia Tech Wire

Neta Auto

2025.02.10

14:16

Neta Auto plans to raise at least $547 million

China's Neta Auto plans to raise at least 4 billion yuan (about $547 million).

2025.01.24

17:47

Nezha Auto holds shareholder communication meeting, plans to raise over RMB 4 billion in Series E financing

On January 24, Nezha Auto's parent company Hozon New Energy held a shareholder communication meeting to discuss the ongoing E-round financing plan. It is understood that the planned financing scale of this round is about 4-4.5 billion yuan, and the lead investor will invest about 3 billion yuan. At the same time, Hozon New Energy also introduced the company's operating and development plan for the next three years to shareholders. In the past three months, Nezha Auto, which is in a period of shock, has undergone a series of internal adjustments such as "focusing on slimming down", and its monthly operating expenses have dropped by more than 50%. In January 2025, Nezha Auto's vehicle factory in Tongxiang has gradually resumed work, and some offline stores have also started new car deliveries.

2025.01.20

09:21

Nezha Automobile was fined 5.45 million

According to Qichacha, recently, Nezha Auto, also known as Hozon New Energy Automobile Co., Ltd., was forced to pay about 5.4552 million yuan, and the execution court was the Tongxiang People's Court of Jiaxing City, Zhejiang Province. In addition, recently, the company and its legal representative Fang Yunzhou were also restricted from high consumption due to a sales contract dispute with Dongfeng Yanfeng Automotive Cockpit Systems Co., Ltd.

2025.01.17

12:16

Nezha Auto received about 6 billion yuan in financing? The company responded: The news is false

There are market rumors that Nezha Auto has received about 6 billion yuan in financing. In response, Nezha Auto said that the news is untrue.

2025.01.13

10:00

Neta Auto and Fang Yunzhou were restricted from high consumption

Chinese data query platform TianYanCha shows that recently, due to failure to perform the payment obligations determined by the effective legal documents within the specified period, Neta Automobile's affiliated company Hozon New Energy Automobile Co Ltd and its legal representative Fang Yunzhou were restricted from high consumption.

2025.01.10

14:55

Neta Auto's 100 million yuan equity was frozen

The website of the Chinese National Enterprise Credit Information Publicity System shows that on January 8, a new equity freeze information was added to Neta Auto's affiliated company Hozon New Energy Automobile Co., Ltd. The company whose equity was executed was Haozhi Polymer Technology (Anhui) Co., Ltd., and the amount of frozen equity was 100 million yuan. The freezing period is from January 8, 2025 to January 7, 2028. The executing court is the Zhuzhou Intermediate People's Court of Hunan Province.

2025.01.09

19:35

Neta Auto: Neta X and Neta AYA launched in Singapore

Neta Auto on Thursday made its debut at the Singapore Motor Show and announced that Neta X and Neta AYA were launched in Singapore.

10:44

Neta Auto adjusts its channel system: reducing direct-sale stores or switching to dealer model

Chinese EV maker Neta Auto is adjusting its channel system recently, and will gradually close its direct-sale stores and retain dealer stores.

2025.01.06

16:29

Neta Auto: The official website has now returned to normal

Neta Auto said on its official Weibo, "After receiving user feedback, our technical staff repaired the official website as soon as possible and it has now returned to normal. We have taken screenshots to collect evidence of the rumors of bankruptcy on the Internet. The Internet is not a lawless place, please do not believe in rumors or spread them."

2024.12.11

17:19

Neta Auto has gradually resumed production and hundreds of overseas orders have been put off the production line for shipment

According to people familiar with the matter, Neta Auto has gradually started small-scale production resumption, and hundreds of overseas orders have been placed and are ready for shipment. It is understood that at the just-concluded Thailand International Motor Show, Neta Auto received 2,016 orders from overseas, ranking first among local new energy vehicles. Since the beginning of this year, the Neta X launched overseas has landed in 7 countries and regions. In Thailand, Neta X won the first place in the registration volume of pure electric SUVs in Thailand for two consecutive months in October and November. Neta Auto's market share in Thailand's new energy vehicle market has reached 22%.

2024.12.08

16:42

Neta Auto clarifies that the name change to "Ark Automobile" is a rumor and there is no motion

Recently, it was rumored online that Neta Auto plans to change its name to "Ark Auto". On December 8, Neta Auto's legal department clarified that it had noticed some information on multiple online platforms that "Neta Auto" would be renamed "Ark Auto". The name change was purely a rumor. The screenshot of the internal email circulated online was fictitious, and the company had no intention of changing its name. Neta Auto's legal department stated that "Neta Auto" is its brand, and it will continue to serve every customer well. It also reserves the right to pursue legal responsibility against rumor makers and those who spread false information in order to safeguard its own legitimate rights and interests. (Beijing News)

14:37

Neta Auto: The rumor that it will be renamed "Ark Auto" is pure rumor

Neta Auto's legal department issued a statement saying that recently, the company has noticed some false information on multiple online platforms about "Neta Auto" changing its name to "Ark Automobile" and forged screenshots of the company's internal emails. We hereby clarify: the rumor about the name change is purely a rumor, the screenshots of the internal emails in the manuscript are fictitious, and the company has no intention of changing its name. (Cailianshe)

2024.12.06

18:27

Neta Auto: Zhang Yong no longer serves as CEO and becomes company consultant

Due to the company's strategic adjustment, Zhang Yong no longer serves as CEO and becomes a company consultant. Fang Yunzhou, founder and chairman of Neta Auto, also serves as the company's CEO. (36Kr)

11:13

Rumor has it that Zhang Yong has resigned to focus on commercial vehicles? Official response: He is still the CEO of Neta Auto

According to Yinshi Finance, on December 6, a media reported that they had learned from multiple insiders that Neta Auto CEO Zhang Yong had resigned and joined the logistics commercial vehicle brand "Da Li Niu Mo Wang" under Henan-based Deli New Energy Automobile Co., Ltd. In recent days, there have been many reports of Zhang Yong's resignation, saying that the reason for his resignation may be related to the plan of Nanning State-owned Assets Supervision and Administration Commission, the major shareholder of Neta Auto, to take over Neta Auto. In response, Neta Auto told Yinshi Finance: "There have been no changes in the company's senior management. Zhang Yong is still the CEO of Neta Auto, and the company is currently operating normally."

2024.12.05

17:38

President of Neta Auto Indonesia: We will focus on further expanding our product portfolio locally

According to Neta Auto, on December 4, Neta Auto's Indonesian subsidiary renewed its cooperation agreement with PT Bank Central Asia Tbk in Jakarta. Zhang Panpeng, president of Neta Auto Indonesia, said that Neta Auto will focus on further expanding its product portfolio locally. (Interface)

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