Category: Neta Global

Neta shipping new batch of 4,000 EVs to overseas markets

is actively preparing for entry into the European market and will release a heavyweight global model, it said.

(Image credit: Neta)

Neta Auto, the electric vehicle (EV) brand of Hozon Auto, is sending a new shipment of thousands of EVs to overseas markets for the second time in three months.

A total of 4,000 Neta EVs are being sent abroad, the latest new batch after 3,600 vehicles were sent to overseas markets in March, the company said yesterday in a WeChat post.

Neta did not mention which countries the vehicles will be sent to, although it's possible they will still be in Southeast Asia. A total of 3,600 of the compact SUV Neta V vehicles were sent to Thailand on March 21.

Thailand is Neta's home base for expanding into the ASEAN market, and the Neta V is trusted and loved by local consumers, Neta said yesterday.

From January to April, Neta V ranked second in Thailand with a 16.5 percent share of all-electric vehicle license plate registrations, Neta said, citing data from Thai website AutoLife.

Neta is now actively preparing for its entry into the European market and will participate in the Munich auto show in Germany later this year, and the Neta GT sports car will be launched in overseas markets in the near future, it said.

Neta will also release a heavyweight global model that will accelerate bringing high-quality electric smart cars within reach, it said, without giving further details.

Neta has been seen as a budget EV maker since its inception in October 2014, as its vehicles are priced primarily to target the lower end of the market. The company is trying to create a higher-end image with its flagship sedan, the Neta S, and its sports car, the Neta GT.

As the EV market in China becomes more competitive, local car companies including Neta and (NYSE: NIO) are starting to make more efforts to expand overseas.

Unlike NIO, which is targeting the more developed European market, Neta is focusing its initial efforts on overseas expansion in Southeast Asia.

On August 24, 2022, the right-hand drive version of the Neta V was launched in Thailand as its first model to be offered there.

On March 10, 2023 Neta laid the foundation stone for its factory in Bangkok, Thailand, which will be its main manufacturing base for building right-hand drive electric vehicles for export to ASEAN.

On May 11, Neta announced its entry into Malaysia, officially launching the right-hand drive version of the Neta V for local consumers at the largest auto show in the region.

Neta delivered 13,029 units in May, up 18.35 percent from 13,029 units in the same month last year and up 17.59 percent from 11,080 units in April, according to data released by the company on June 1.

From January to May this year, Neta delivered 50,285 vehicles, up 0.62 percent from 49,974 in the same period last year, data monitored by CnEVPost showed.

Neta deliveries up 18% MoM in May, denies HK IPO plan

The post Neta shipping new batch of 4,000 EVs to overseas markets appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Neta sending 3,600 EVs to Thailand

This is the largest single export to date for the new Chinese carmaker. The V has already accumulated over 2,000 deliveries in Thailand.

(Image credit: Neta)

Chinese electric vehicle (EV) maker Neta Automobile is sending thousands of EVs to Thailand as it ramps up its efforts in Southeast Asia.

On March 21, 3,600 Neta V EVs began shipping at Guangzhou's Nansha port, the largest single export to date by a new Chinese carmaker, Neta said in a press release today.

The vehicles will be shipped to Thailand, where Neta V has already accumulated more than 2,000 deliveries and ranked second on the list of pure electric model license plate registrations for 2 consecutive months, Neta said.

Neta announced the launch of the right-hand-drive version of the Neta V at a launch event in Thailand on August 24, 2022, as its first model offered there.

Neta said at the time that it had 25 authorized dealers in Thailand and that number would reach 30 by the end of 2022. Its press release today did not mention the company's latest number of dealers in Thailand.

To date, Neta has established a European division, a Thai subsidiary, launched three overseas products including Neta U global version, Neta V global version and Neta V right-hand drive version, and has a presence overseas across ASEAN, South Asia and Middle East markets, it said.

Neta currently sells the Neta V, Neta U-II and Neta S in China, which start at RMB 83,900 ($12,190), 135,800 and 242,800 respectively.

The company delivered 7,117 vehicles in February, up 255 percent from a year earlier, but down 35 percent from 11,009 units in January, data released by the company earlier in the month showed.

On March 10, Neta laid the groundbreaking for its plant in Bangkok, Thailand, which will be its main manufacturing base for building right-hand drive electric vehicles for export to ASEAN.

The plant is Neta's first overseas factory and the first in Thailand for a new Chinese carmaker.

When completed, the plant will have a capacity of 20,000 units per year and is expected to be operational by the end of January 2024, Neta said earlier this month.

Neta plans to expand its overseas operations to more regions including the Middle East and the European Union, making it a brand that consumers around the world recognize and trust, company co-founder and CEO Zhang Yong said at the groundbreaking ceremony for the Thai plant.

As competition in China's EV market grows fiercer, many local car companies have stepped up efforts to expand into overseas markets.

Neta's latest export is the ninth batch of NEVs to be exported from Guangzhou's Nansha Free Trade Pilot Zone this year, according to a report by state-owned CCTV today.

So far this year, the Nansha pilot zone has exported 7,251 NEVs, up more than 33 times year-on-year, according to the report.

($1 = RMB 6.8847)

Neta starts construction of its first overseas plant in Thailand, with planned annual capacity of 20,000 units

The post Neta sending 3,600 EVs to Thailand appeared first on CnEVPost.

For more articles, please visit CnEVPost.