HomeAutoNeta delivers 12,103 autos in Aug, up 20.56% from Jul Receive US

Neta delivers 12,103 autos in Aug, up 20.56% from Jul Receive US

Neta delivered 84,559 autos in January-August, down 9.26 p.c from a 12 months earlier.

Neta Auto, the brand new power car (NEV) model of Chinese language agency Hozon Auto, noticed an enchancment in deliveries final month from the earlier month, however was nonetheless decrease than the identical interval final 12 months.

Neta delivered 12,103 autos in August, up 21 p.c from 10,039 in June, however down 24.44 p.c from 16,017 a 12 months earlier, based on information launched at the moment.

Neta didn’t disclose supply figures for particular fashions. The corporate delivered 84,559 autos in January-August, a lower of 9.26 p.c year-on-year.

Since its inception, Neta’s cumulative deliveries stand at 332,608, information monitored by CnEVPost confirmed.

Neta was based in October 2014 and obtained car manufacturing {qualifications} authorised by China’s financial planner, the Nationwide Improvement and Reform Fee, in April 2017. In November 2018, Neta’s first mannequin, the N01, was launched.

The corporate has been seen as a price range EV maker since its inception, because it has primarily focused the decrease finish of the market over the previous few years.

Neta’s present fashions on sale embrace the Neta Aya, Neta U, Neta S Neta GT.

The Neta Aya and Neta U at present begin at RMB 73,800 ($10,170) and RMB 118,800 in China, respectively.

The Neta S, its first effort on the premium finish of the market, formally went on sale in China on July 31, 2022, with a present beginning worth vary of RMB 159,800 to RMB 269,800

On the primary day of the Shanghai auto present on April 18, Neta formally made the Neta GT sports activities automotive accessible, with a present beginning worth of RMB 178,800 to RMB 226,800 yuan. Deliveries of the mannequin started on Might 13.

Neta closed a Crossover spherical of financing within the quantity of RMB 7 billion, the corporate introduced on August 29.

Crossover rounds are completely different from the widespread Sequence A, B, and C rounds, that are often the ultimate financing earlier than an organization goes public. Such a financing refers to capital-raising actions by personal firms that embrace traders who historically make investments primarily in publicly traded firms.

($1 = RMB 7.2555)

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