Neta has already started production at its factory in Thailand and is building its third overseas plant in Malaysia.
(Image credit: CnEVPost)
Neta Auto, a unit of Chinese electric vehicle (EV) company Hozon Auto, expects its Indonesian plant to see its first vehicle roll off the line by the end of next month, helping it advance its internationalization efforts.
Neta's plant in Indonesia received its first equipment on March 6, and the facility is expected to see its first vehicle roll off the line on April 30, the company said yesterday.
Neta did not provide more on the plant, but shared several images of it.
(Images shared by Neta about its factory in Indonesia.)
Neta is one of the Chinese new energy vehicle (NEV) makers actively expanding into overseas markets, and its plant in Thailand already went into production on November 30 last year.
After mass production begins in the first quarter of 2024, Neta's Thai plant will have an annual capacity of 20,000 vehicles, the company said last November.
In addition, Neta announced on January 12 that it signed a contract with a Malaysian partner to build its third overseas plant.
In Indonesia, Neta's production will be carried out with local partner PT Handal Indonesia Motor, and the two signed an agreement on July 26 last year.
On August 10, 2023, Neta brought the Neta S, Neta U-II, and Neta V to Indonesia at the Gaikindo Indonesia International auto show (GIIAS) 2023 exhibition and began accepting customer reservations.
In 2023, Neta's overseas sales surpassed 20,000 units, up 567 percent year-on-year, the company previously said.
Neta delivered 127,496 vehicles in 2023, down 16.16 percent year-on-year, according to data compiled by CnEVPost.
In the first two months of this year, Neta delivered 16,117 vehicles, essentially flat from 16,089 in the same period last year.
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