Showing 1 - 10 of 65
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).
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.
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.
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).
Executives advise caution for EV insurers
Business, Nuntawun Polkuamdee, Published on 09/06/2025
» Thailand's non-life insurance sector is on high alert as reports circulate that a Chinese electric vehicle (EV) manufacturer active in the Thai market may face bankruptcy, hinting that EV insurance is already a loss-making business.
EV sector faces bumpy road
Published on 09/06/2025
» A recent uptick in electric vehicle sales may not signify a smooth path for the Thai EV industry following double-digit growth.
Neta Auto banks on new investors
Published on 15/05/2025
» A new investor group is expected to take over debt-ridden Neta Auto, looking to revive the Chinese battery electric vehicle (BEV) maker in China and Thailand, says the head of the local subsidiary.
Neta Auto keen on ramping up investment in Thailand
Lamonphet Apisitniran, Published on 15/04/2025
» Undeterred by Washington's new auto tariff policy, Neta Auto Thailand, the Thai subsidiary of Neta Auto, a Chinese battery electric vehicle (BEV) maker, is planning to increase its investment here to support a plan to make Thailand an export hub in Southeast Asia.
TAPMA Launches Future Mobility Thailand 2025
Published on 19/03/2025
» The Thai Auto Parts Manufacturers Association (TAPMA) has officially announced the inaugural Future Mobility Thailand 2025, set to take place under the theme "Driving Tomorrow: Innovating for a Sustainable and Connected Future." The event serves as a platform to showcase Thailand’s auto parts manufacturing capabilities while fostering international partnerships to advance Thailand as a hub for future mobility and automotive technology.
Drivers satisfied with after-sales service
Business, Published on 26/02/2025
» Thai drivers say they are more satisfied with after-sales service provided by mass market auto brands despite a grim sales outlook for automakers this year, according to new consumer research.