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In 2024, Chinse new energy vehicle manufacturer NETA Auto made strides in its global expansion. The company put its all-electric NETA X onto the market in multiple countries, including Indonesia, Thailand, Malaysia, and Brazil. Besides, the carmaker also advanced its production capabilities, with a manufacturing plant opened in Indonesia.
Photo credit: NETA Auto
In addition to the market expansion, NETA Auto focused on technological advancements and R&D. The company inaugurated an R&D center in Hong Kong and formed cooperation with SenseAuto on intelligent driving and smart cockpit innovations.
Gasgoo conducted a year-end review of key automotive and component companies, offering you a retrospective on the noteworthy events that unfolded for NETA in 2024.
NETA Auto renews cooperation with Indonesia’s PT Bank Central Asia Tbk
On December 4, Chinse new energy vehicle manufacturer NETA Auto renewed its cooperation agreement with PT Bank Central Asia Tbk in Jakarta, according to a post on the carmaker’s WeChat account. Under the agreement, the bank would continue to provide efficient financing services to support NETA Auto’s growth in the local market.
NETA Auto cooperates with PT Luxury Trans Indonesia for market expansion in Indonesia
On December 1, during the Gaikindo Jakarta Auto Week at the Indonesia Convention Exhibition Center, NETA Auto announced a partnership with Indonesia’s leading electric vehicle mobility company, PT Luxury Trans Indonesia. This collaboration marks a significant milestone in promoting cleaner and more efficient transportation solutions in the country.
NETA Auto signs agreement with Saavedra Corp. for expansion into Bolivian market
On November 12, NETA Auto announced a strategic partnership with Saavedra Corp., the largest automobile sales company in Bolivia, appointing the group as its exclusive distributor, according to a post on NETA Auto’s WeChat account.
NETA Auto opens first flagship store in Malaysia
On October 25, in Kuala Lumpur, Malaysia—next to the iconic Petronas Towers—NETA Auto opened its first flagship store in the country and delivered the first 50 vehicles to local owners.
NETA Auto delivers NETA X cars to first users in Uzbekistan
On October 8, NETA Auto made a significant debut in Central Asia by officially launching its popular model, the NETA X, in Uzbekistan, accompanied by a delivery ceremony for the first group of local owners.
NETA Auto begins sales operation in Brazil
On September 30, NETA Auto officially launched its sales operations in Brazil, marked by the arrival of over 1,000 new vehicles in the country.
NETA Auto puts NETA X all-electric SUV model onto Indonesian market
On September 27, 2024, NETA Auto celebrated the grand launch of its all-electric mid-size SUV, the NETA X, in Jakarta, Indonesia. The company announced that it would soon begin deliveries to the first 500 customers who placed their orders.
NETA Auto bags 1.3-billion-yuan financial support from Brazil’s BTG Pactual
On September 20, NETA Auto announced a strategic partnership with Brazil’s largest investment bank, BTG Pactual, and Brazilian import trader Sertrading.
NETA Auto’s Indonesia plant rolls off first NETA X vehicle
On September 13, NETA Auto announced that the first NETA X vehicle manufactured at its eco-smart factory in Indonesia rolled off the production line. This marks the second model produced at the Indonesia plant, following the NETA V-II, and the second vehicle NETA Auto manufactured overseas.
NETA Auto forms strategic partnerships in Mexico with BBVA, EMA, local dealers
On September 10, NETA Auto signed strategic partnership agreements with BBVA Mexico, the Electro Mobility Association (EMA) of Mexico, and several local dealerships, respectively, the company announced on Wednesday.
These partnerships mark a milestone in NETA Auto’s business expansion in Mexico. BBVA, a leading Spanish bank and the second-largest investment financial group in Latin America, is a key player in Mexico’s automotive financing sector. Through this collaboration, BBVA would offer flexible and competitive financing options for NETA Auto customers in Mexico.
NETA X owner becomes first to receive Malaysia’s EV-dedicated JPJePlate
On September 9, Malaysia’s Road Transport Department (JPJ) launched the JPJePlate, a license plate dedicated to all-electric vehicles that comes with a built-in RFID chip, and opened bidding for the “EV” series plate numbers. NETA Auto announced that a local NETA X vehicle owner became the first in Malaysia to use the JPJePlate.
NETA S Shooting Brake hits market with both REEV, BEV versions
On August 25, NETA Auto officially put the NETA S model’s shooting-brake edition onto the market, offering six variants priced between 159,900 yuan and 209,900 yuan.
NETA Auto introduces three key NEV models in Brazilian market
On August 8, NETA Auto made a significant debut in São Paulo, Brazil, becoming the first Chinese NEV startup to open a store and officially launch products in the Brazilian market. The company introduced three of its flagship models to the Brazilian market—the NETA AYA, NETA X, and NETA GT—all of which are the brand’s hotter-selling vehicles.
NETA Auto inaugurates Hong Kong R&D Center
On August 9, NETA Auto officially unveiled its Hong Kong R&D Center, marking a significant milestone in the company’s global strategy.
Elektrobit partners with NETA Auto, Hirain Technologies on integrated gateway domain controller project
Recently, Elektrobit announced a collaboration with NETA Auto and Hirain Technologies (HIRAIN) to develop NETA Auto’s first integrated gateway domain controller project, the Haozhi Supercomputer XPC-S32G platform. This project is tailored for NETA Auto’s new models, set for launch in the second half of 2024.
NETA Auto’s NETA X model goes on sale in Thailand, Malaysia
On July 25, NETA Auto made significant strides in the Southeast Asian market by simultaneously launching its all-electric SUV, the NETA X, in Thailand’s Bangkok and Malaysia’s Kuala Lumpur. This dual-market launch marks an accelerated phase in NETA Auto’s global strategy, particularly in Southeast Asia.
NETA Auto opens sales center in Azerbaijan
On July 17, NETA Auto inaugurated a sales center in Baku, the capital of Azerbaijan, marking its official entry into the West Asian market, according to a post on NETA Auto’s WeChat account.
NETA L’s BEV edition hits market, starting at 139,900 yuan
On June 28, NETA Auto officially put the NETA L model’s battery electric vehicle (BEV) edition onto the market, with three trim levels priced between 139,900 yuan and 162,900 yuan.
NETA Auto’s parent company files for IPO in Hong Kong
On June 26, Hozon New Energy Automobile Co., Ltd. (HOZON Auto) submitted an application for listing on the Hong Kong Stock Exchange. If successful, its electric vehicle brand NETA Auto will become the fifth Chinese startup carmaker to be listed in Hong Kong, following Li Auto, NIO, XPENG, and Leapmotor.
NETA Auto, CATL, 360 Security Technology, LynkVertx team up on V2G pilot project
On June 13th, NETA Auto, CATL, 360 Security Technology Inc., and LynkVertx signed a strategic cooperation agreement for the “V2G (Vehicle-to-Grid) Smart Energy Demonstration Project” at NETA Auto’s Tongxiang Full-Ecosystem Smart Factory, according to a post on NETA Auto’s WeChat account.
NETA Auto launches integrated gateway domain controller with NXP, Hirain, Wind River
On June 5, NETA Auto, together with NXP, Hirain Technologies, and Wind River, jointly launched the integrated gateway domain controller, Haozhi Super Computing XPC-S32G.
NETA Auto granted financial supports from China CITIC Bank, CITIC Securities
On June 5th, Hozon New Energy Automobile Co., Ltd. (“HOZON Auto”), the parent company of NETA Auto, signed a comprehensive cooperation agreement with China CITIC Bank Shanghai Branch and CITIC Securities Shanghai Branch, according to a post on NETA Auto’s WeChat account.
NETA Auto begins local volume production at car manufacturing factory in Indonesia
On May 31, PT NETA Auto, a joint venture between Indonesia’s PT Handal Indonesia Motor and China’s NETA Auto, officially commenced localized production in CKD form at the PT Handal Indonesia Motor (HIM) factory located in Bekasi, West Java, marking the formal start of NETA Auto’s localized mass production in Indonesia, according to a post on NETA Auto’s WeChat account.
NETA Auto, SenseAuto cement cooperation to boost next-gen intelligent driving, smart cockpit tech innovation, applications
On April 25, at the Auto China 2024 in Beijing, NETA Auto announced it would deepen its strategic cooperation with SenseAuto, the intelligent automotive application platform under SenseTime, ushering in a new chapter of collaboration.
NETA Auto’s NETA L REEV model goes on sale
On April 22, NETA Auto put its fire new mid-sized SUV model, the NETA L, onto the market. Coming with four trim levels, the new model is priced between 129,900 yuan and 159,900 yuan.
Hong Kong’s government to offer NETA Auto 200 million HKD of subsidy
On March 20, a significant partnership agreement signing ceremony took place in China’s Hong Kong, marking NETA Auto as a key corporate partner of the local government, according to a report from the Hong Kong China News Agency.
NETA Auto’s Thailand KD plant starts scale production
NETA Auto announced on March 13 a significant breakthrough in its globalization efforts, specifically within the Thai market.
The company’s Thailand subsidiary had been granted the 185 certification by the Thai government, a critical step that signifies the commencement of scale production at NETA Auto’s KD (Knock-Down) factory in Thailand.
NETA Auto puts first-batch equipment for Indonesia plant in place
NETA Auto announced via its WeChat account that the first batch of equipment for its car manufacturing plant in Indonesia was in place on March 6, bringing the company one step closer to achieving its goal of localized production in the country.
NETA Auto, 360 Security Technology co-launch NETA GPT AI large model
NETA Auto and cybersecurity giant 360 Security Technology Inc. recently entered into a strategic collaboration, culminating in the joint release of the NETA GPT, which integrates advanced AI technologies such as the 360 Smart Brain, Search, and Digital Human into the vehicle’s cockpit. The partnership marks a significant leap for NETA Auto in the realm of automotive intelligence.
NETA S receives OTA update featuring SenseAuto’s highway navigation assistance solution
NETA Auto recently rolled out the first Over-the-Air (OTA) update in 2024 for the NETA S model, introducing the all-new NETA highway navigation assistance system (NNP), which is supported by SenseAuto, the automotive intelligence division of SenseTime.
NETA Auto breaks ground on third overseas plant
On January 12, NETA Auto successfully conducted the groundbreaking ceremony for its third overseas factory in the Rembau Chembong Industrial Zone, Negeri Sembilan, Malaysia, according to a post on NETA Auto’s WeChat account.
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