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Hozon, Chinese EV Giant Behind NETA, Files for Bankruptcy - What It Means for Thailand

Summary by Bangkok Post
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).

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CTN News l Chiang Rai Times broke the news in on Monday, June 23, 2025.
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