L is currently available only in EREV variants, BEV variants will be offered in the future.

(Image credit: Neta)

Neta Auto, a subsidiary of Chinese electric vehicle (EV) company Hozon Auto, has officially launched the Neta L, the latest SUV (sport utility vehicle) option in the Chinese EVmarket.

Neta rolled out the Neta L at a launch event today, which is currently available only in extended-range electric vehicle (EREV) variants, with the battery electric vehicle (BEV) variants to be offered in the future.

The Neta L EREV is offered in four variants with starting prices of RMB 129,900 ($18,000), RMB 136,900, RMB 149,900 and RMB 159,900 respectively.

Notably, the lowest priced version will be officially launched in August, with only the price announced today.

Based on the Neta's Shanhai platform, the Neta L is a five-seat mid-size SUV with a length, width and height of 4,770 mm, 1,900 mm and 1,660 mm respectively and a wheelbase of 2,810 mm.

The Neta L EREV is powered by a 1.5L four-cylinder engine as a range-extender and a battery pack with a capacity of up to 40.27 kWh, providing a CLTC battery range of up to 310 kilometers.

40.27 kWh is a big battery pack for an EREV of this size, and the entry-level version of Neta's smaller all-electric SUV, the Neta X, has a battery pack with a 51.8-kWh capacity.

The Neta L can charge from 30 percent to 80 percent in less than 19 minutes with a maximum charge multiplier of 2.6 C and the fastest charging EREV, Neta said.

At full fuel and full charge, the Neta L has a combined CLTC range of up to 1,300 kilometers.

Taking a page from (NASDAQ: LI), Neta has equipped the Neta L with a refrigerator and two large 15.6-inch screens.

The model comes with a seat that support 8-point massage as well as one-touch switching to zero gravity.

Neta also gave a brief glimpse of the shooting brake variant of the Neta S at today's launch event, which will make its debut at the upcoming Beijing auto show.

Neta delivered 127,496 vehicles in 2023, down 16.16 percent year-on-year, according to data compiled by CnEVPost.

The company has had a weak start of the year, selling 24,434 vehicles in the first quarter, down 6.65 percent from a year earlier.

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($1 = RMB 7.2439)