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Chinese car maker Neta has received an investment of USD 818.8 million. With this investment, the company has restarted production that was stopped earlier.
After this, Neta plans to focus on the international market in 2025, the company says. Neta sales had declined since the end of 2024.
The Neta sold 61,592 units from January to December, a year-on-year decline of 40.2 percent, according to China EV Data Tracker. However, Neta Chairman Fangyun Zhou has claimed that profit will be positive in 2025 and the company will be profitable in 2026.
