This Chinese electric car manufacturer is on the verge of bankruptcy

Neta is not the best known of the Chinese manufacturers, since it is currently not really present in Europe. He has a small showroom in Paris where he tests the waters, but does not sell cars. And he might never sell any…

We often talk about the creation of new Chinese brands. But others are also disappearing. Next on the list could well be Neta who planned to arrive in Europe in 2025.

Despite a fairly notable offensive of new vehicles over the last two years, sales have not taken off. Neta thus presented in quick succession the Neta Vehicles that combine a reasonable price and a good technological level mastered internally.

But the adventure could well be coming to an end for this brand launched in 2018 by the start-up Hozon Auto. The first indication of the manufacturer's poor health is that its boss has stopped posting on the social network Weibo and on TikTok for almost a month. And the Chinese media are today reporting a production stoppage in the Tongxiang factory (Zhejiang) and unpaid wages. The manufacturer has not published its sales figures for the month of October as it usually does on the first day of the month.

At the moment, there is no official publication or court decision regarding placement under a bankruptcy regime of Neta. However, let us remember that the cessation of payment of wages or production was the prelude to the disappearance of other manufacturers such as HiPhi, Hengchi, Weltmeister…

The launch of Neta in Europe, which was planned for 2025, will therefore probably not take place. And the start-up will also leave a brand new factory in Thailand vacant.