Neta has reportedly resumed operations in China following its bankruptcy spell and financial difficulties. Additionally, the company is said to have reinstated full salary payments at its Tongxiang plant, signalling a step forward as it undergoes bankruptcy restructuring.
Furthermore, its parent company, Hozon New Energy, issued a public notice on 4 August 2025 seeking investors to support the company. A pre-registration channel was also opened on 10 July via Alibaba’s asset disposal platform to attract capital for the restructuring process. As a result, they have attracted 50 investors so far, and if any one of them is interested, they are required to submit a CNY50 million (~RM32.5 million) deposit by 15 September.
To recap, Neta entered bankruptcy proceedings on 19 June 2025, following prolonged financial challenges, unpaid employees, and significant layoffs. In early June, a widely circulated video showed employees confronting Chairman Fang Yunzhou at the company’s Shanghai office, demanding overdue salary payments.
Nevertheless, it seems to be starting a new chapter and making a comeback. Through all of these ups and downs, Neta Malaysia is assuring that its operations would not be affected. In Malaysia, there are only two Neta models, the X and V, with a starting price of RM99,000.
