Neta Secures $818.8 Million Investment, Aims for Global Expansion

Chinese carmaker Neta has secured a significant 6 billion yuan ($818.8 million) investment, enabling the revival of discontinued products and operational restructuring. This funding includes participation from CATL, the world’s largest battery producer, highlighting a long-standing partnership. Neta plans to focus on both domestic manufacturing and aftermarket parts supply while strengthening its dealership network in China.

Looking ahead, Neta is prioritizing international markets in 2025, aiming to double sales by targeting 60,000 units abroad, up from 30,000 in 2024. The company has already established over 180 sales channels across 40 countries in Southeast Asia and Central and South America. This global strategy is designed to mitigate intense price competition in China. While domestic sales declined 40.2% in 2024, Chairman Fang Yunzhou remains optimistic, projecting profitability by 2026.