In the January-October period, Neta delivered 109,855 vehicles, a decrease of 14.98 percent year-on-year.
Neta Auto, the electric vehicle (EV) brand of Chinese EV maker Hozon Auto, saw a decrease in deliveries last month compared to September and was one of the few local EV makers to see a decline.
Neta delivered 12,085 vehicles in October, down 32.92 percent from 18,016 in the same month last year and down 8.52 percent from 13,211 in September, according to data it released today.
In the January-October period, Neta delivered 109,855 vehicles, down 14.98 percent year-on-year.
At the end of October, Neta's cumulative deliveries since its inception stood at 357,904 vehicles, data monitored by CnEVPost showed.
Neta was founded in October 2014 and in November 2018 it launched its first model, the N01.
The company has been seen as a budget EV maker since its inception, as it has primarily targeted the low-end market over the past few years.
Neta's current models on sale include the budget Neta Aya, Neta X, Neta S, and Neta GT, with the Neta S being its flagship sedan and the Neta GT being an electric sports car.
Neta launched the Neta X on October 18, a facelift of the previously available Neta U-II. The approach is similar to the company's launch of the Neta Aya, a variant of the Neta V, in August.
The Neta X is available in four variants with a starting price of RMB 126,800 ($17,320), which is RMB 9,000 lower than the starting price of the entry-level version of the previously available Neta U-II.
Since its launch, orders for the Neta X have exceeded 10,000 units, Neta said today.
Neta is expanding internationally and began shipping the first batch of overseas version of the Neta U crossover to Turkey on October 29, marking the first time the model has been exported outside of China.
Neta signed a strategic cooperation agreement with UAE-based EIH Automotive &Trading on October 27 in Shanghai, where it is headquartered.
Neta will bring a number of its main-selling models to the UAE in 2024, opening a new chapter for the company in the Middle East, it said.
($1 = RMB 7.3190)