Neta Secures 47 Investors, Ready to Resume Electric Car Production

KatadataOTO – Neta Auto is trying to escape the brink of bankruptcy. They are currently undergoing restructuring.

Good news has come from the manufacturer from China. According to circulating rumors, there are dozens of investors who intend to invest their money in Neta.

“As of early August, 47 entities have reportedly submitted expressions of interest to participate in the recovery,” wrote a Carnewschina report, Monday (04/08).

In addition, Neta has also paid salaries in full to its employees. Especially at the Tongxiang factory in July 2025.

Photo : The Nation

This step signifies progress in Neta's efforts to recover and escape the brink of bankruptcy.

“The company has also begun efforts to reactivate its sales and service network, providing material and financial support to dealers who are still willing to cooperate,” the report continued.

However, the number of employees at Neta's factory in Tongxiang is still limited. This is the impact of previous layoffs (layoffs).

The remaining workers are said to have made various preparations for the possible resumption of electric car production there.

For your information, Neta's electric car parent company, Hozon New Energy Automobile Co., Ltd or Hozon New Energy, has been undergoing a restructuring process since June 12, 2025, in accordance with the Enterprise Bankruptcy Law of the People's Republic of China.

Then, as of June 30, 2025, Hozon New Energy opened a public recruitment process for strategic investors, which ended on July 30.

According to Neta, a number of potential investors have completed the registration process and are currently undergoing the initial selection stage.

Hozon New Energy is committed to drafting a new plan to restart production in the near future.