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Woes continue for Neta, with automaker now set to enter bankruptcy reorganisation in China
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5 Articles
Neta's fate in the global market is hanging in the balance, considering that the principal is hit by a financial crisis, and according to a Carnewschina report, the Chinese startup has started reorganizing.
Neta Auto Reportedly Files For Bankruptcy Reorganisation
Chinese automaker Neta appears to be facing mounting challenges. According to a report by Car China News, the company is set to start bankruptcy reorganisation proceedings. This development follows the circulation of a video on social media showing employees confronting Neta’s chairman, Fang Yunzhou, over overdue wages at the company’s new Shanghai office. These financial troubles are not new for Neta, as the company has faced multiple legal act…
From Dark Horse to Downfall: The Rise and Collapse of Neta Auto
In early summer 2025, a throng of desperate employees crowded into Neta Auto’s sleek new Shanghai office and cornered founder and CEO Fang Yunzhou, demanding months of unpaid wages . It was a shocking scene – not long ago, Neta Auto had been hailed as a “dark horse” in China’s electric vehicle (EV) market, a little-known startup that briefly outpaced more famous rivals in sales through relentless ambition and savvy marketing. Now its headquarter…
Neta Auto’s Parent Enters Bankruptcy Restructuring Amid Massive Debt and Unpaid Wages - YT FINANCE
Chinese EV startup Neta Auto's parent company, Hozon New Energy Automobile Co., Ltd. has officially entered court-led bankruptcy restructuring after prolonged financial distress and nearly RMB 10 billion in debt.
Woes continue for Neta, with automaker now set to enter bankruptcy reorganisation in China
The troubles reportedly surrounding Neta continue, with a news report from China indicating that the electric vehicle maker is reportedly set to commence bankruptcy reorganisation proceedings today, June 12, CarNewsChina reported, citing TMTPost. Supposedly, this comes after a video began circulating online yesterday, showing employees confronting Neta chairman Fang Yunzhou about overdue wages at the company’s new Shanghai office. In the video, …
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