Neta
+ Follow
Neta reportedly strikes deal to turn some creditors into shareholders
Neta has struck a debt-for-equity swap deal with 134 core suppliers worth more than 2 billion yuan ($275 million) in preparation for resuming production, according to local media.
Neta sells nearly 30,000 cars overseas in 2024, aims to double in 2025
Neta sold nearly 30,000 cars overseas in 2024, with overseas sales channels growing to 184.
Neta launches Neta X and Neta Aya in Singapore
Neta launched the Neta X and Neta Aya in Singapore today and secured 52 orders in the morning.
Neta reportedly downsizing directly operated stores, retaining dealer outlets
Neta is restructuring its channel system and will gradually close down directly-managed stores and retain dealer stores, according to local media.
Neta begins pre-sales of 2 models in Brazil, pushing ahead with efforts in overseas markets
Neta has begun pre-sales of the Neta Aya and Neta X in Brazil and plans to open more than 10 stores in the country by the first quarter of 2025.
Financially troubled Neta gets relief from local government support
A business entity of the Nanning city government will provide Neta with supply chain financial support for raw material sourcing, production, logistics, and export.
Neta making massive layoffs, report says
One insider said Neta's layoffs could reach up to 70 percent, while another said the percentage varies by division and is not that high overall.
Neta makes entry into Uzbekistan, begins 1st car deliveries
Neta has launched the Neta X compact SUV in Uzbekistan, marking its official entry into the Central Asian market.
Neta starts sales in Indonesia, to deliver 1st locally built EVs soon
Neta has launched the Neta X SUV in Indonesia and said it is about to deliver its locally assembled vehicles to the first 500 owners.
Neta begins car deliveries in HK
Neta has started delivering the Neta X SUV in Hong Kong and plans to add multiple sales outlets in the city in the fourth quarter.