Latest in EV news, technologies, data and insights from China market
Neta Auto faces financial turmoil with significant creditor claims, unpaid employee wages, and operational challenges. However, potential investors show interest in restructuring efforts and global expansion.
The 2025 XPeng X9 has topped the sales of MPVs for two consecutive months since its April launch, and claimed the sales championship in the MPV category in Hong Kong in June.
MIIT plans to ban resale of new cars within six months of registration to curb the “0 kilometer used car” loophole, aiming to regulate the market and protect consumers.
In early May, Neta Auto faced a three-day app outage, raising concerns among investors about its financial health and leading to decreased confidence from state-backed shareholders amid declining sales.