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Search Result for “NETA”

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PROPERTY

Sena Development maintains B10bn annual transfer target

Business, Kanana Katharangsiporn, Published on 26/08/2025

» SET-listed developer Sena Development is maintaining its annual transfer target of 10 billion baht, despite recording only 22% of the target in the first half, as it is still confident in seeing an uptick in transfers in the latter half of the year.

BUSINESS

Thailand car production rises 12%

Reuters, Published on 24/07/2025

» Car production in Thailand rose for a second straight month in June, up 11.98% from a year earlier to 130,223 units, the Federation of Thai Industries (FTI) reported on Thursday.

BUSINESS

Detailing Neta's fall from grace

Published on 12/07/2025

» Jutamas Tadthiemrom, an employee of a Bangkok-based media corporation, has been using her Neta electric vehicle (EV) for just over a year. The main reason she bought it was to reduce her fuel expenses, as she had used her previous car for more than 12 years.

THAILAND

Chinese EVs flood Thai market, but after-sales support lags

Published on 11/07/2025

» Thailand’s electric vehicle (EV) market is expanding rapidly, driven by generous government subsidies and tax incentives. However, the influx of Chinese EV brands has sparked concerns over inadequate after-sales service, leaving consumers vulnerable—especially in light of the ongoing controversy surrounding NETA, a Chinese EV brand now facing legal action over unresolved customer complaints.

BUSINESS

China's intense EV rivalry tests Thailand's local production goals

Published on 04/07/2025

» Hyper-competition in China's electric vehicle sector is spilling over to its biggest market in Asia, Thailand, as smaller players struggle to compete with dominant BYD, putting ambitious local production plans at risk.

BUSINESS

Thailand car production rises for first time in nearly 2 years

Reuters, Published on 24/06/2025

» Car production in Thailand rose 10.32% in May from a year earlier, with the first annual rise in 22 months helped by higher pickup truck output for export markets, the Federation of Thai Industries (FTI) said on Tuesday.

BUSINESS

Hozon, Chinese EV giant behind NETA, files for bankruptcy - what it means for Thailand

Online Reporters, Published on 23/06/2025

» On June 19, China's state-owned media outlet CCTV reported that Zhejiang Hozon New Energy Automobile, the parent company of electric vehicle brand NETA, had officially filed for bankruptcy. The filing came after a creditor sued the company over an unpaid debt of approximately 5.3 million yuan (about US$730,000), amid total liabilities exceeding 10 billion yuan ($1.4 billion).

BUSINESS

EV subsidy suspensions to be clarified

Wichit Chantanusornsiri, Published on 17/06/2025

» The Thai government is looking to revise the rules for subsidy payments to electric vehicle (EV) manufacturers, as it seeks to clarify the conditions for suspending payments to firms unable to meet local production requirements.

BUSINESS

Troubled EV firm Neta may have to repay Thai subsidies

Published on 11/06/2025

» Electric vehicle (EV) importers participating in the Thai government’s subsidy programme are required to return any subsidies received if they fail to comply with the conditions, says Deputy Finance Minister Paopoom Rojanasakul.

BUSINESS

Chinese EV maker Neta woes pose threat to Thai car dealers

Nareerat Wiriyapong, Published on 09/06/2025

» Troubles facing ailing Chinese electric vehicle (EV) maker Neta could have a drastic spillover effect on Thai car dealers, possibly forcing them to shut down, while insurance companies may choose to collect premiums directly from policyholders, says Allianz Ayudhya General Insurance (AAGI).