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Home » Neta

Neta delivers 8,813 vehicles in April, down 27% from March

Phate Zhang/CnEVPost May 1, 2022 19:08 GMT+8

Neta delivered 38,965 units in January-April, up 240 percent from 11,458 units in the same period last year.

Neta delivers 8,813 vehicles in April, down 27% from March-CnEVPost

Chinese electric vehicle (EV) startup Neta Automobile delivered 8,813 vehicles in April, up 120 percent year-on-year and down 27 percent from March, figures released today showed.

In the January-April period, Neta delivered 38,965 vehicles, up 240 percent from 11,458 units in the same period last year.

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Neta is the EV brand of Hozon Auto, which was founded in October 2014. The first Neta model was launched in November 2018.

Neta offers three models in China, the Neta V, Neta V Pro and Neta U Pro, most starting at under RMB 100,000 ($15,740).

The company did not release breakdown delivery figures for these models.

Neta delivers 8,813 vehicles in April, down 27% from March-CnEVPost

(Image credit: Neta)

Neta appears to have been hit relatively little at a time when the Covid outbreak has caused severe disruptions in China's auto supply chain.

Data released earlier today showed that NIO delivered 5,047 units in April, down 49 percent from March, XPeng delivered 9,002 units, down 42 percent from March, and Li Auto delivered 4,167 units, down 62 percent from March.

The daily retail sales of passenger cars in China averaged 27,000 units in the first to third weeks of April, down 39 percent from a year earlier, according to data released last week by the China Passenger Car Association (CPCA).

Wholesale sales fared even worse, reflecting the severe impact of logistics disruptions on deliveries.

In the first through third weeks of April, Chinese passenger car wholesale sales averaged 23,000 units per day, down 50 percent year on year. The average daily wholesale sales in the third week were 22,000 units, down 61 percent year-on-year, the CPCA data showed.

April deliveries: How does NIO compare to XPeng and Li Auto?

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Phate Zhang/CnEVPost
Phate is the founder and main author of CnEVPost. He has been reporting since 2009, mainly on macroeconomics and capital markets. Contact via: [email protected]
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