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Chinese automaker Neta Auto denies rumors of disbanding R&D team
Chinese automaker Neta Auto has dismissed rumors that it has disbanded its research and development team.
The company stated that these claims are false on its social media. The company also indicated it may take legal action against those spreading false information that harms its reputation.
However, Neta Auto explained that it is implementing organizational changes to enhance cost efficiency.
Recent Neta Auto developments
| Timeline |
|---|
| 13-Feb-2025 🚗 China’s Neta Auto EV sales soar by 500% in Indonesia Neta Auto reports a 500% jump in 2024 orders in Indonesia, focusing on stable pricing despite rising EV taxes. |
| 18-Jan-2025 🚗 NEV maker Neta Auto said to secure funding, overhaul operations Neta Auto secures around 6 billion in funding and aims to produce 1,000 vehicles by mid-January amid restructuring efforts. |
| 11-Nov-2024 🚗 Chinese EV maker Neta Auto faces financial trouble Neta Auto faces financial woes with layoffs and a lawsuit, as losses reach $2.4 billion ahead of its Hong Kong listing. |
| 27-Jun-2024 🔋 Indonesia’s EV battery bet benefiting from regional supply chain shift: report Indonesia’s FDI in EV battery manufacturing surged to over $20B, driven by tax breaks and its rich nickel deposits. |
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