Neta Auto

2025.04.14

15:40

Zhang Yong, former CEO of Nezha Auto, responds to rumors: Still serving as consultant for Nezha Auto

Recently, there were rumors that Zhang Yong, the former CEO of Nezha Auto, had applied for a UK visa before leaving the company and is currently in the UK. In response, Zhang Yong responded on WeChat Moments, "Thank you for your concern. I have seen some rumors on the Internet. I am still a consultant for Nezha Auto and running around to raise funds for the company."

14:41

Nezha Auto was exposed to have defaulted on dealer rebates and subsidies

Recently, many videos of Nezha Auto dealers defending their rights in front of the Nezha Tongxiang factory have been circulated on the Internet. Dealer representatives said that the most distressing thing is that many stores paid hundreds of millions of yuan in full according to the manufacturer's requirements, but no car was shipped. Some dealers are now being sued by bank debt collection customers for car loan guarantees. Dealer representatives made three demands: First, compensation for operating losses from September 2024 to date, and advance operating costs from May to July 2025; second, all rebates and subsidies owed for payment but not shipped must be returned in one lump sum before May 11; third, restore the after-sales service system as soon as possible, so that more than 400,000 Nezha car owners will not be completely abandoned. "We are not going to let Nezha fall, we just want an explanation, please ask Chairman Fang Yunzhou to respond positively." In this regard, Nezha Auto has not yet made a relevant response.

2025.03.25

15:00

Nezha Auto receives over 2 billion yuan in debt-to-equity support from 134 suppliers

On March 25, Nezha Auto announced that it had recently reached a debt-for-equity swap agreement with 134 core suppliers in China, totaling more than 2 billion yuan. It is reported that this debt-for-equity swap plan has received positive responses from leading suppliers such as CATL, Guoxuan High-tech, Beidou Zhilian, and Lvye Automotive Lighting.

13:37

Nezha Auto CTO and Intelligent Driving Director resigned, official response: true

It was reported that Nezha Auto CTO Dai Dali and Intelligent Driving Director Wang Junping had resigned. Nezha Auto responded to Sina Technology that this was true. It was reported that Nezha Auto CTO Dai Dali had resigned and joined Chery, while Intelligent Driving Director Wang Junping joined SenseTime Jueying.

2025.03.19

18:25

Headquarters "besieged" by suppliers? Nezha Auto: A meeting has been held to discuss the debt-to-equity swap plan

According to Yinshi Finance, Nezha Auto held a supplier conference today to discuss a debt-to-equity swap plan for some suppliers. The plan was supported by most suppliers. Some media reported that Nezha Auto introduced the current progress of its E-round financing to suppliers at this conference. The E-round financing totaled 3 billion yuan and was originally scheduled to be delivered at the end of March this year, but due to the current high debt risk of Nezha Auto, it was postponed to April. In response, Nezha Auto responded that there is no progress in financing to disclose. At the same time, in response to reports that Nezha Auto will transform into a service provider after the financing is completed, Nezha said, "There is no such statement."

11:03

Nezha Auto: Recent online rumors such as "Nezha Auto disbanded its R&D team" are false rumors

Nezha Auto released a statement saying that recent online rumors such as "Nezha Auto disbanded its R&D team" are false. The company is currently promoting further cost reduction and efficiency improvement through organizational and process optimization. It reserves the right to pursue legal responsibility for the spread of false information and damage to the company's reputation.

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."

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