Neta in Thailand

Canonical research doc. Source-of-truth for every Neta fact used by seed scripts, the brand page, and the AI advisor. Cite every claim inline. Mark [unverified] rather than guess.

This is a fall-from-grace research doc. Unlike every other brand in db/research/, Neta's most important "fact" is its distress: parent company Hozon entered bankruptcy reorganisation in China on 2025-06-12, the Thai dealer network has collapsed from ~66 to ~40 outlets in five months, customer deposit-refund and warranty disputes are active in the Thai Consumer Council, and a Thai class-action lawsuit was approved for filing in July 2025. The lineup that ZigWheels and the Neta TH website still display (Neta V / V-II / X) is largely clearance inventory, not active manufacturing. No price quoted on Neta TH's site as of May 2026 should be assumed bankable without first checking dealer status.

Range-standard hygiene (LOAD-BEARING). Neta publishes NEDC for every Thai-market model. NEDC inflates WLTP by ~17–22 %. Never write an NEDC figure into range_wltp_km. Store the headline figure as range_nedc_km in trim_facts.extra_specs, and derive WLTP as NEDC × 0.83 (the Neta V is one of the few Neta nameplates with a TH-published WLTP — 320 km WLTP vs 384 km NEDC, a 0.833 ratio per Autolifethailand).

Naming hygiene — Neta V vs V-II vs Aya. Globally the same car nameplate has three names. In Thailand the original 2022-launch hatchback was sold as "Neta V" (38.5 kWh NMC, then 40.7 kWh LFP from MY2023). In March 2024 the facelifted version launched as "Neta V-II" (36.1 kWh LFP, Thai CKD) — in China the same facelift is sold as "Neta Aya" (哪吒 Aya); Singapore launched it directly as "Aya" in January 2025 (Wikipedia — Neta Aya). The Thai market never used the "Aya" name. All three nameplates therefore describe the same models row in evth's DB. The current neta-v / v / v-ii model duplicates are drift and need consolidation (see "Known DB drift" section below).

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At a glance

• HEADLINE — brand in distress, May 2026. Parent company Hozon Auto entered bankruptcy reorganisation in China on 2025-06-12 (Bamboo Works; Nation Thailand 2025-06-22). Thai dealer network has contracted from 66 outlets in March 2025 → 53 in May 2025 → ~40 as of June 2025 (Autolifethailand 2025-06-04). Thai assembly stopped completely by mid-2025 awaiting new investor capital; Thai Consumer Protection Council approved a class-action lawsuit in 2025-07-04 over warranty + spare parts breaches (Chiang Rai Times; Indonesia Tribune).
• Distributor: Neta Auto (Thailand) Co., Ltd. — wholly-owned subsidiary of Hozon Auto. Originally signed an MOU with Arun Plus (PTT subsidiary) for CKD assembly study in 2022, but ultimately partnered with Bangchan General Assembly (BGA) for actual production (Paultan 2022-08-26; Neta TH).
• Entered Thailand: 2022-08-24 (Bangkok brand launch + Neta V official-price reveal); first customer deliveries 2022-09-28; signed Thai government EV 3.0 incentive MOU 2022-11-24.
• Models historically sold in TH: 3 nameplates:
  • Neta V (Aug 2022 launch, CBU-China, 38.5 kWh NMC initially → 40.7 kWh LFP MY2023; current MSRP ฿549,000 per ZigWheels but effectively clearance-only)
  • Neta V-II (March 2024, Thai CKD, facelift of V — Chinese-market name "Neta Aya"; current MSRP ฿549–569k; fire-sale at ฿299–319k from 2025-06-04)
  • Neta X (July 2024, CBU-China then CKD-TH from late 2024; current MSRP ฿739–799k; stock depleted by mid-2025 per Autolifethailand)
• Models shown but NOT launched in TH: Neta GT (sports coupé, shown at Motor Expo 2023 + 2024), Neta L (range-extender mid-SUV, unveiled China April 2024), Neta S (sedan + Shooting Brake, unveiled at BIMS 2025). None received a Thai launch price. The promised "one new model per year from 2025" cadence (BitAuto) collapsed with the parent.
• Total BEV trims documented (May 2026): 7 active trim rows across V / V-II / X. All 3 V-family rows describe the same nameplate — see DB drift section.
• Current price band (nominal): ฿299,000 (V-II fire sale, no warranty) – ฿799,000 (Neta X Smart) — but dealer availability is the binding constraint, not list price.
• 2024 sales (Jan–Nov): 6,534 units, −45.8 % YoY (Nation Thailand). Full-year 2024 ≈ 7,900 units (Bitauto).
• 2025 sales (Jan–May): 1,256–1,067 units, −48.5 % YoY; EV market share collapsed from 12 % (2023) → 4 % (Jan–May 2025) per DLT data (Khaosod English).
• Cumulative Thai owners (mid-2025): >25,000 per Sun Baolong, May 2025 (Nation Thailand). Roughly 22,000+ still active per Autolifethailand June 2025.
• Local plant: Bangchan General Assembly (BGA), Min Buri district, Bangkok — Hozon Auto's first overseas plant. Capacity 20,000 units/year. CKD of V-II began 2024-03-15; CKD of X began late 2024. Production halted by mid-2025 awaiting investor capital.
• Cumulative net losses (Thai entity 2023): −฿1.8 bn (vs +฿80.77 m profit 2022). 2019–2023 cumulative loss ฿1.72 bn against ฿7.78 bn revenue (Nation Thailand).
• EV 3.0 obligation overhang: As of June 2025 Neta Thailand still owes ~21,440 vehicles in compensatory CKD production to qualify for EV 3.0 import duty rebates already paid out (only ~4,000 of 19,000 required units delivered) — Thai Excise Department demanded an additional ฿50 m bank guarantee (Nation Thailand 2025-06-25; Autolifethailand).

Neta arrived in Thailand in mid-2022 with what looked like a winning formula: a sub-฿550k city EV undercutting the BYD Atto 3 / MG ZS EV by ฿300k+, paired with a then-novel CKD-Thailand commitment using the Bangchan plant. Through 2023 the brand was Thailand's #2 BEV brand by registrations behind only BYD (Carnewschina). Within 18 months the model fell apart: Hozon's China business suffered a liquidity crisis through 2024 (CATL stopped battery shipments over unpaid debts, R&D salaries cut 5–30 %), the Thai unit booked a ฿1.8 bn loss in 2023, the brand was caught in a Reuters fake-sales-inflation scandal (Hozon inflated sales by 64,719 units between Jan-2023 and Mar-2024 via advance insurance schemes per Hozon Auto Wikipedia), 400 jobs were cut at the BGA plant in December 2024, and a court-supervised reorganisation was opened in China on June 12, 2025. The Thai government and the National EV Policy Committee are watching but, critically, have not extended the EV 3.0 production deadline as of May 2026 — leaving Neta Thailand exposed to potential subsidy clawback (Bangkok Post — "may have to repay Thai subsidies").

This makes Neta the most data-rich case study in evth's price-intelligence dataset: an entire BEV brand's price arc, from launch promo through positioning cuts through panic clearance, all within 36 months.

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The Hozon bankruptcy / restructuring story

Distinguish carefully. What happened in China is a court-supervised reorganisation under PRC Enterprise Bankruptcy Law — analogous to US Chapter 11, not Chapter 7. Hozon has not been liquidated. Neta Thailand has consistently insisted that it is a separate legal entity and "not subject to" the parent's bankruptcy — a position the Thai Ministry of Finance has formally confirmed (Nation Thailand 2025-06-25). In practice, however, the Thai unit's revenue, parts supply, engineering support, and brand credibility all flow from the parent — and all have been disrupted.

Corporate timeline (China)

Date	Event	Source
2024-02	Year-end bonuses delayed; first sign of liquidity stress	Hozon Auto Wikipedia
2024-10	Mid-level salaries unpaid; suppliers stop deliveries	same
2024-11	5–30 % salary cuts announced for 1,000+ R&D staff	same
2024-12	CEO Zhang Yong steps down; founder Fang Yunzhou takes CEO role: "I bear primary responsibility and deeply apologise"	same
2024-12-27	Thai unit announces 400 layoffs at BGA plant (Min Buri); 2023 net loss ฿1.8 bn disclosed	Nation Thailand
2025-02	Planned Series E funding round (RMB 4–4.5 bn, deadline Feb 28) fails to close	Caixin Global
2025-03-24	At BIMS 2025, Sun Baolong announces Hozon agreed with 134 Chinese suppliers: 70 % of claims → Hozon equity, 30 % interest-free 15-month repayment from May 2025; total swap >RMB 2 bn (~US $275 m)	Nation Thailand
2025-03-25	Carnewschina reports Neta secured THB 10 bn credit line from Nissan Leasing Thailand for dealer floor-plan + customer mortgages — "last lifeline" framing	Carnewschina
2025-04-08	Neta closes its only Singapore showroom (One Commonwealth, distributor Evology) ~3 months after January launch. Only 4 of 52 booked units actually registered	Paultan
2025-04-14	Chinese dealers protest at Hozon factory gates over unpaid commissions/refunds	Carnewschina
2025-05	Reports: Hozon evicted from Shanghai HQ; founder Fang Yunzhou unreachable	Carnewschina 2025-05-14
2025-05-16	Neta Thailand publicly denies bankruptcy claims; emphasises 25,000+ Thai owners; pledges new Spare Parts Distribution Centre	Nation Thailand
2025-06-12	Hozon enters formal bankruptcy reorganisation in Zhejiang Province after Shanghai Yuxing Advertising Co. (a creditor over CNY 5.3 m unpaid printing fees) petitions for review. Court accepts; administrator appointed. Court-supervised reorganisation, NOT liquidation	Bamboo Works; Nation Thailand
2025-06-30	Administrator opens public strategic investor recruitment; deadline 2025-07-30, deposit CNY 50 m	CarNewsChina
2025-07	Reuters publishes fake-sales scandal: Hozon inflated reported sales by ≥64,719 units between Jan-2023 and Mar-2024 via advance-insurance schemes	Hozon Auto Wikipedia
2025-08-04	47 prospective investors submit expressions of interest in restructuring; Hozon resumes salary payments at Tongxiang factory; small-scale production restart	CarNewsChina; Paultan; Electrive
2025-08+	Restructuring ongoing. Identity of selected strategic investor(s) [unverified] as of May 2026 — no public announcement found in any TH source. Cumulative Hozon losses ~CNY 18.3 bn (~US $2.5 bn) per supplier claims; debts >CNY 10 bn	same

Thai-specific impact

Dealer network collapse (timeline)

Period	Active Neta TH dealer count	Source
Q4 2022 (entry)	25 authorised dealers, Bangkok + provinces	Pandaily
End 2023	~50 (target 60)	Bitauto
2024-Q1	~60	Khaosod English
2025-03	66 (peak — but masking dealer financial distress)	same
2025-05	53 (−20 % vs March)	same
2025-06-04	~40 (−40 % vs March; one major dealer closed 8 of 11 outlets)	Autolifethailand
2025-Q4	[unverified] — likely further contraction	—
2026-05	56 listed on ZigWheels TH cross-ref of Neta TH dealer-finder	ZigWheels (figure unreliable; aggregator stale data probable)

The June 2025 collapse was triggered by:

1. Dealer protests at Excise Department (Thai Examiner 2025-06-13) — 18 Neta dealers filed a complaint demanding recovery of >฿200 m in unpaid debts owed by Neta Auto Thailand
2. Mass employee resignations (Khaosod English) — staff at HQ dropped from ~50 to ~40 with further reductions expected
3. Chiang Rai showroom shutdown (Chiang Rai Times) — provincial showroom closures cascading

The fire sale — Neta V-II at ฿299,000

The defining inflection moment. On 2025-06-04 representatives at remaining dealer pages announced (Khaosod English; Khaosod English X post):

• Neta V-II at ฿299,000 (or ฿319,000 with VAT) — but with all warranties stripped — versus a launch list price of ฿549–569k (−45 to −47 %)
• Stock estimated at ~400 Neta V-II units remaining, earmarked for export/fleet sales rather than retail
• Neta X inventory completely depleted by this point
• Customers ordering at the fire-sale price received no manufacturer warranty — a critical detail for evth's "should I buy a Neta in May 2026" advisor logic

This pricing constitutes a −฿250,000 / −45 % cut against the already-discounted ฿549k V-II Lite list price and a −฿270,000 / −47 % cut against the V-II Smart, in 14 months — possibly the single largest percentage price collapse on any current Thai BEV model.

Customer / owner impact

• Service centre status: Many service centres still nominally open but lack working capital for warranty claims — repairs depend on funding from China being released first (Autolifethailand; Rest of World).
• Spare parts: Some customers report >10-month waits for spare parts (Chiang Rai Times). Neta Thailand opened a new Spare Parts Distribution Centre on Phetkasem Road (4,000 m², partner Nakhonchaisri Automobile Co., Ltd., capacity 120,000 SKUs) with operations starting May 2025 (Neta TH; Grandprix) — but practical impact on owner experience appears limited.
• Warranty coverage: Original purchase came with 5 yr / 150,000 km vehicle warranty + 8 yr / 180,000 km battery warranty (V-II reservations received an "exclusive lifetime battery warranty"). Whether these will be honoured depends on Hozon emerging from reorganisation and Neta Auto Thailand's solvency — a binary risk for owner advisory.
• Class-action lawsuit: Thailand Consumer Protection Council's Subcommittee for Screening Litigation approved a class-action lawsuit against Neta on 2025-07-04 (Chiang Rai Times; Indonesia Tribune) — alleging service-centre refusal to repair, spare-parts unavailability, and demanding refunds. Filed by the Consumer Council under Thailand's 2015 Class Action Act. Status as of May 2026 [unverified].
• Customer deposit refunds: Multiple complaints reported to Consumer Council on 2025-06-10 (Nation Thailand). No public refund policy from Neta TH found. Individual buyers have initiated unilateral refund-claim processes.

Government / regulator response

Date	Body	Action	Source
2025-06-10	Thailand Consumer Council	Receives EV-user complaints	Nation Thailand
2025-06-13	Thai Excise Department	18 dealers file complaint claiming ฿200 m unpaid debts	Thai Examiner
2025-06-13	Ministry of Finance	Discusses extending Neta's EV 3.0 production deadline	Nation Thailand
2025-06-25	Excise Director-General Kulaya Tantitemit	Public statement: monitoring; revising EV-incentive payment criteria; proposing deferral powers to National EV Policy Committee; demanded additional ฿50 m bank guarantee from Neta TH; clarifies Neta TH is a separate legal entity not subject to parent bankruptcy but must produce 19,000 EV 3.0 compensatory vehicles by end-2025 (only ~4,000 done); EV 3.5 oversight strengthening	Nation Thailand
2025-07-04	Consumer Council Subcommittee	Approves class-action lawsuit filing	Chiang Rai Times

Executive statements / quotes — Sun Baolong, GM Neta Auto Thailand

The same executive made markedly different public statements across 3 months:

• 2025-03-24 (BIMS 2025): "[Neta TH] will continue electric vehicle manufacturing in Thailand at full speed from June" after settling supplier debts in April–May. Targets 10,000 BEV sales in 2025, aim to become Thailand's #2 BEV brand, 50,000 sales / 6 models by 2029 (Nation Thailand 2025-03-25).
• 2025-04-29 (Phetkasem parts centre): "Currently, NETA serves more than 25,000 customers across Thailand … reflects our strong commitment to elevating the quality of after-sales service" (Neta TH).
• 2025-05-16 (denial statement): Insists Hozon "is actively resuming normal operations through organisational optimisation"; characterises the Shanghai Yuxing court petition as "standard debt-dispute procedure, not evidence of financial collapse" (Nation Thailand).
• 2025-06-12 (Hozon court filing day): "As long as NETA remains in China, NETA will stay in Thailand" — pledges debt + organisational restructuring continues. Posted to Neta TH Facebook; framed restructuring as "a government-led recovery effort under court supervision" — narrative directly contradicted within 10 days by an anonymous Thai supplier on the record stating "the local team was laid off by the end of May" (Nation Thailand).
• No public statement found from Sun Baolong after Q3 2025. Whether he remains in role as of May 2026 is [unverified] — a focused gap-closer should check Neta TH's website press releases + LinkedIn.

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Distribution & business

Distributor structure

Neta Auto (Thailand) Co., Ltd. is a wholly-owned subsidiary of Zhejiang Hozon New Energy Automobile Co. — unlike GAC Aion (multi-distributor) or BYD (sole Rêver), Neta operates a factory-direct sales model with dealer franchisees handling retail. Original brand entry was led by Sun Baolong, who also heads Hozon's Southeast Asia business. The Thai unit is legally distinct from Hozon China per the Thai Ministry of Finance (Nation Thailand 2025-06-25) — a fact Neta TH has leveraged heavily in messaging, though materially the parent's collapse has cut off engineering, parts, brand spend, and product-pipeline credibility.

The original 2022 MOU was with Arun Plus Co., Ltd. (PTT subsidiary) to study Thai CKD assembly (Paultan 2022-08-26). Arun Plus never produced a single Neta vehicle. Production instead went to Bangchan General Assembly (BGA) via MOU signed 2022-11-24, with V-II CKD beginning March 2024.

Local manufacturing — Bangchan General Assembly (BGA)

• Site: Bangchan General Assembly Co., Ltd., Khan Na Yao / Min Buri district, Bangkok — a contract-assembly facility owned by the Phra Nakorn Automobile Group (since 2005), established 1970 in a Thai-American partnership with GM (Wikipedia).
• Designation: Hozon Auto's first overseas plant (CnEVPost 2023-11-30; Electrive)
• Capacity: 20,000 units/year annual capacity
• Production lines started:
  • 2023-11-30 — small-batch trial production opens
  • 2024-03-15 — Neta V-II mass production starts (MarkLines; EqualOcean)
  • Q4 2024 — Neta X CKD begins; exports to Malaysia commence (Paultan; Carnewschina)
  • 2024-12-26 — 400 layoffs announced at the plant (Nation Thailand)
  • 2025-Q2 — production effectively halts due to lack of CATL/supplier parts shipments from China + funding shortfall
• Status May 2026: [unverified] — likely idle / running only on stockpiled-parts inventory. No confirmation of restart published.

Charging network partnerships

• PEA charging network — Neta integrates with PEA VOLTA stations (standard CCS2 access — not exclusive partnership) [unverified scope]
• No major proprietary charging partnership publicly announced — unlike Aion (PEA strategic agreement) or BYD (own DC network)

Showrooms / dealer counts

See "Dealer network collapse (timeline)" above. As of May 2026, the ZigWheels figure of 56 dealers and the Neta TH website dealer-finder are both presumed stale. Field-verification needed.

Warranty terms (as originally sold)

Coverage	Terms	Source
Vehicle	5 yr / 150,000 km	Autolifethailand
HV battery	8 yr / 180,000 km	same
V-II reservation bonus	Lifetime battery warranty (booking-period exclusive)	Neta TH
Roadside	[unverified]	—
Wallbox	Free AC wallbox + install, first-year comprehensive insurance, 10,000 km maintenance, ฿7,000 DC charging credit (V launch)	Autolifethailand
Effective May 2026	At risk of non-honour if Neta TH's solvency continues to deteriorate. Service centres operational but under-capitalised.	Autolifethailand 2025-06-04
Fire-sale V-II (post 2025-06-04)	No warranty explicitly	Khaosod English

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Neta V — subcompact hatchback (launch model, original)

The model that launched Neta in Thailand. Front-motor FWD on Hozon's HEPT 3.0 platform with the company's "Magazine Battery"-style LFP pack (added MY2023). Globally the same nameplate was renamed "Neta Aya" in China from August 2023; in Thailand it remained "Neta V" until replaced on the price list by the facelifted V-II in March 2024. Chinese name: 哪吒 V / Nézhā V.

Lineage & platform

• Generation: First (China launch 2020; original 38.5 kWh NMC). MY2023 refresh in Thailand from October 2023 — battery swap to 40.7 kWh LFP at unchanged ฿549k MSRP.
• Platform: Hozon HEPT 3.0 (battery management system with liquid cooling)
• Architecture: 400 V
• Origin: CBU-China for entire TH lifecycle (BGA CKD was reserved for V-II)
• Status May 2026: Effectively replaced by V-II in 2024 but listed as a current models row by ZigWheels and Neta TH; likely listing stale stock at ฿549k, no active deliveries. Treat as discontinued for new orders for evth advisor purposes.

Lineup events / timeline

Date	Event	Source
2022-08-24	Bangkok brand launch — Neta V opens at ฿549,000 (after EV 3.0 subsidy; pre-subsidy MSRP ฿760,000) — 38.5 kWh CATL NMC, 384 km NEDC, 95 hp FWD, 5 colours	Paultan; Autolifethailand
2022-09-28	First customer deliveries; 25 dealers open in Bangkok + provinces	Pandaily
2022-11-24	MOU with Excise Department / Bangchan General Assembly for Thai CKD	Neta TH
2022-11-30	Motor Expo 2022 presence (39th show)	Autoevolution
2023-10	First price cut — ฿50,000 off → ฿499,000 through 2023-10-31; battery quietly upgraded 38.5 kWh NMC → 40.7 kWh LFP at same baseline price (MY2023)	Autolifethailand
2023 (full year)	#2 BEV brand in Thailand behind BYD; >12,000 V units delivered cumulatively	Carnewschina
2024-03-15	Superseded on price list by Neta V-II (Thai CKD). Old V stock continues to clear as CBU.	MarkLines
2024-07-25	Stock-clearance fire sale — V at ฿409,000 (−฿140,000 / −26 %) "clearing CBU stock ahead of V-II". 40.7 kWh LFP / 384 km NEDC	Autolifethailand
2024–2026	Listing remains at ฿549k on aggregator sites but no production; status: effectively discontinued for new orders, stale aggregator listings only	ZigWheels

Trims

Neta V Lite — lite (legacy MY2022, NMC)

Spec	Value	Source
Launch MSRP (2022-08-24)	฿549,000 (after EV 3.0 subsidy) / ฿760,000 (pre-subsidy)	Autolifethailand
Battery (kWh)	38.5	same
Battery chemistry	Ternary lithium (NMC), CATL	same
Voltage architecture	400 V	derived
Range (NEDC)	384 km	same
Range (WLTP)	320 km	Autolifethailand
Drive	FWD	same
Front motor	70 kW / 95 hp / 150 Nm PMSM	same
0–100 km/h	[unverified] (0–50 km/h <3.9 s reported, 0–100 not published)	Neta TH
Top speed	121 km/h (Sport mode)	Autolifethailand
AC charging	6.6 kW (Type 2), 0–100 % ~8 h	same
DC charging peak	45 kW (CCS Combo); 30–80 % ~30 min	same
Connectors	Type 2 + CCS2	same
Seats	5	same
Wheels	16″ alloy	same
Tire spec	185/55 R16	same
L × W × H	4,070 × 1,690 × 1,540 mm	Wikipedia — Neta Aya
Wheelbase	2,420 mm	same
Ground clearance	130 mm	Autolifethailand (V-II shared dimensions)
Cargo	315 L	same

Neta V MY2023 LFP — lite-lfp (40.7 kWh LFP refresh)

Identical to Lite except:

Spec	Value	Source
Effective date	2023-10 onwards (CY2023 production)	Autolifethailand
Battery	40.7 kWh LFP (was 38.5 kWh NMC)	same
Range (NEDC)	384 km (unchanged)	same
Price 2023-10 promo	฿499,000 (through 31 Oct 2023)	same
Price standard	฿549,000	same
2024-07 clearance	฿409,000 (−฿140,000 stock-clear)	Autolifethailand

Colors

Sky Blue, Porcelain Blue, Silver Cloud White, Clear Sky Grey, Sakura Pink (5 launch colours; some replaced with Moonlight Green / Midnight Grey / Baby Blue / Milk Tea on V-II) — hexes [unverified]. Sources: Autolifethailand; Autolifethailand V-II.

Verification matrix

Field	Mark	Source	Notes
Launch MSRP	✓	Autolifethailand + Paultan	฿549k subsidy-inclusive
Battery kWh (MY22 NMC)	✓	Autolifethailand	CATL ternary
Battery kWh (MY23 LFP)	✓	Autolifethailand	40.7 LFP
Range NEDC	✓	Autolifethailand	384 km both batteries
Range WLTP	✓	Autolifethailand	320 km — uncommon to have explicit TH-published WLTP
Motor kW	✓	Autolifethailand	70 kW / 95 hp
AC / DC	✓	Autolifethailand	6.6 / 45
0–100	✗	—	only 0–50 in 3.9 s published
Wheel size	✓	Autolifethailand	16″
Voltage architecture	◐	derived (HEPT 3.0)
Battery supplier	◐	Autolifethailand says CATL for NMC; LFP supplier [unverified]

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Neta V-II — facelifted hatchback (Thai CKD, "Aya" in China)

The facelifted Neta V, Thai-assembled, launched at Bangkok Motor Show 2024 (45th BIMS, March 2024) as the first Neta produced outside China. Smaller LFP battery (36.1 kWh vs 40.7 kWh on final V) but otherwise the same powertrain. Three distinct price phases: launch → mid-cycle clearance → fire sale.

Lineage & platform

• Generation: First-gen Neta V facelift / Aya (China August 2023; Thailand March 2024)
• Platform: HEPT 3.0 (unchanged from V)
• Architecture: 400 V
• Origin: CKD-Thailand (BGA, Min Buri) from inception — Neta's first non-China assembly
• CN equivalent name: Neta Aya (哪吒 Aya)

Lineup events / timeline

Date	Event	Source
2024-03-15	Mass production starts at BGA	MarkLines; PRNewswire
2024-03-25 (BIMS)	TH launch — Lite ฿549k / Smart ฿569k. 36.1 kWh LFP, 382 km NEDC, 95 hp, Thai CKD. Reservation bonus: lifetime battery warranty for booking-period customers	Autolifethailand; PRNewswire
2024-06-27 to 07-31	First discount — Lite ฿549→499k (−฿50k), Smart ฿569→549k (−฿20k)	Autolifethailand
2024-07-25	Second / deeper discount — Lite ฿549→429k (−฿120k / −22 %), Smart ฿569→459k (−฿110k / −19 %). Coincides with Neta X launch + Neta V CBU clearance	Autolifethailand
2024-11-28 (Motor Expo 41st)	Bookings stay strong: 2,016 V-II + X combined bookings, +14 % YoY	Motorist Thailand
2024-12-26	400 layoffs at BGA disclosed; H2 sales reported down 45.8 % YoY	Nation Thailand
2025-03-24 (BIMS 2025)	Sun Baolong promises full production restart in June after debt clearance	Nation Thailand
2025-06-04	FIRE SALE — V-II at ฿299,000 / ฿319k incl. VAT, NO WARRANTY; only ~400 units remain (export/fleet-allocated)	Khaosod English; Autolifethailand
2026-05	Listed at ฿549–569k on Neta TH + ZigWheels but availability ≈ nil	ZigWheels

Trims

Neta V-II Lite — lite ฿549,000 (list) / ฿299,000 (fire-sale, no warranty)

Spec	Value	Source
Launch MSRP (2024-03-25)	฿549,000	Autolifethailand
Current list MSRP	฿549,000 (stale aggregator price)	ZigWheels
Fire-sale price (since 2025-06-04)	฿299,000 (no warranty)	Khaosod English
Battery (kWh)	36.1 LFP (liquid-cooled)	Autolifethailand
Battery chemistry	LFP	same
Voltage architecture	400 V	derived
Range (NEDC)	382 km	same
Range (WLTP est.)	~317 km (NEDC × 0.83)	derived
Drive	FWD	same
Motor	70 kW / 95 hp / 150 Nm PMSM	same
0–100 km/h	[unverified] (vehicle published 0–50 only)	—
Top speed	121 km/h	same
AC charging	6.6 kW (Type 2), 0–100 % ~8 h	same
DC charging peak	45 kW (CCS2); 30–80 % ~30 min	same
Connectors	Type 2 + CCS2	same
V2L	[unverified]	—
Seats	5	same
Wheels	16″ alloy	same
Tire spec	185/55 R16	same
L × W × H	4,070 × 1,690 × 1,540 mm	same
Wheelbase	2,420 mm	same
Ground clearance	130 mm	same
Cargo	315 L	same
Curb weight	[unverified]	—

Standard equipment

• 10.25″ touchscreen + 7″ instrument cluster
• Reverse camera
• 6 airbags (basic safety)
• Synthetic-leather seats
• 5 yr / 150,000 km vehicle warranty + 8 yr / 180,000 km battery (subject to corporate viability)
• Free AC wallbox + first-year insurance (bundled at launch)

Neta V-II Smart — smart ฿569,000 (list)

Identical drivetrain + dimensions; adds ADAS-Lite pack:

Distinctive equipment (vs Lite)

• ADAS Level 2: Adaptive Cruise Control (ACC), Forward Collision Warning, Lane Keep Assist, Lane Departure Warning
• Blind-spot monitoring
• 360° camera [unverified for V-II — confirmed on X Smart]
• Wireless phone charging [unverified]

Colors

Moonlight Green, Silver Cloud White, Sakura Pink, Midnight Grey, Baby Blue (new vs V), Milk Tea (new vs V) — 6 colours; hexes [unverified]. Source: Autolifethailand.

Verification matrix

Field	Mark	Source	Notes
Launch MSRP	✓	Autolifethailand	2024-03-25
Fire-sale price	✓	Khaosod English, Autolifethailand	2025-06-04
Battery kWh	✓	Autolifethailand	36.1 LFP
Range NEDC	✓	Autolifethailand	382 km
Range WLTP	✗	—	derived from V's 0.83 ratio
Motor	✓	Autolifethailand	unchanged 70 kW
AC / DC	✓	Autolifethailand	6.6 / 45
0–100	✗	—
Wheels	✓	Autolifethailand	16″
Colours hex	✗	—	names only
Smart-trim ADAS list	◐	Autolifethailand mentions ACC + collision warn + lane-keep	full inventory [unverified]
Warranty honour post-fire-sale	✗	Khaosod English — explicitly stripped	critical owner-advisor flag

---

Neta X — compact electric SUV (B-SUV+)

The second nameplate Neta brought to Thailand. Launched 2024-07-25 (Bangkok), produced as CBU-China initially, transitioning to BGA CKD by Q4 2024 (Thai-built X also exported to Malaysia from Aug 2024). Two trims, both 163 hp FWD, differing only in battery / range / ADAS.

Lineage & platform

• Generation: First (China launch April 2024)
• Platform: Hozon Shanhai (山海) platform — newer than V's HEPT 3.0
• Architecture: 400 V
• Origin: CBU-China for the first 3 months; CKD-BGA from Q4 2024 for both Thai and Malaysian markets — second Hozon model assembled in Thailand
• Status May 2026: Inventory depleted by mid-2025 per Autolifethailand; stock-out. Listed at ฿739–799k on aggregators but likely unavailable for new orders.

Lineup events / timeline

Date	Event	Source
2024-07-25	TH launch — Comfort 401 (51.8 kWh) ฿739,000 / Smart 480 (62 kWh) ฿799,000. CBU-China initial. 1,000+ bookings in first 72 hours	Autolifethailand; Neta TH; Xinhua
2024-07-29	Announces CKD-Thailand production for X (TH + Malaysia exports)	Paultan
2024-10	Neta X leads Thailand's e-SUV segment with 570 registrations in October	MarkLines
2024-11-28 (Motor Expo 41st)	Strong booking momentum: 2,016 V-II + X bookings, +14 % YoY	Motorist Thailand
2025-Q1–Q2	Promotional discounts deepen (per BitAuto — "minimum price starting at 739,000 THB" implies promo activity); exact dates / amounts [unverified — gap-closer pass]
2025-06-04	X inventory completely depleted in dealer network per Autolifethailand	Autolifethailand
2026-05	Listed at ฿739–799k but availability ≈ nil	ZigWheels

Trims

Neta X Comfort 401 — comfort-401 ฿739,000 (list)

Spec	Value	Source
Launch MSRP (2024-07-25)	฿739,000	Autolifethailand
Current list MSRP	฿739,000	ZigWheels
Battery (kWh)	51.8 LFP	Autolifethailand
Battery chemistry	LFP	same
Voltage architecture	400 V	derived
Range (NEDC)	401 km	same
Range (WLTP est.)	~333 km	derived
Drive	FWD	same
Front motor	120 kW / 163 hp / 210 Nm PMSM	same
0–100 km/h	9.5 s	same
AC charging	6.6 kW (Type 2)	same
DC charging peak	65 kW (CCS2)	same
Connectors	Type 2 + CCS2	same
Seats	5	same
Wheels	18″ alloy	same
L × W × H	4,619 × 1,860 × 1,628 mm	same
Wheelbase	2,770 mm	same
Cargo	[unverified]	—

Standard equipment

• 15.6″ centre touchscreen + 8″ instrument
• Dual-tone synthetic-leather seats
• 8-speaker audio
• 6 airbags + ISOFIX
• 360° camera, ESC, ABS
• ADAS Level 2 (basic — 11 sensors/radars, ACC, Intelligent Cruise Assist, Traffic Jam Assist, Lane Departure Warning/Prevention, Blind Spot Detection)
• 5 yr / 150,000 km vehicle warranty + 8 yr / 180,000 km battery
• Free wallbox + first-year insurance

Neta X Smart 480 — smart-480 ฿799,000 (list)

Adds:

Spec	Value	Source
Battery	62 kWh LFP (vs 51.8)	Autolifethailand
Range (NEDC)	480 km	same
DC charging peak	100 kW (vs 65 kW)	same
Enhanced ADAS	Adaptive cruise, forward collision warning, lane-keep, blind-spot monitoring	same

Everything else identical to Comfort 401.

Colors

[unverified — need to pull from neta.co.th product page or CDN URL hex]

Verification matrix

Field	Mark	Source	Notes
Launch MSRPs	✓	Autolifethailand + Neta TH + Xinhua	2024-07-25 ฿739/799k
Battery kWh	✓	Autolifethailand	51.8 / 62 LFP
Range NEDC	✓	Autolifethailand	401 / 480 km
Motor	✓	Autolifethailand	120 kW / 163 hp
0–100	✓	Autolifethailand	9.5 s (both trims, AT figures)
AC / DC	✓	Autolifethailand	6.6 / 65 (Comfort) and 100 (Smart)
Dimensions	✓	Autolifethailand
Wheels	✓	Autolifethailand	18″
2025 promo trail	◐	Bitauto mentions ฿739k as a promo floor — exact dates [unverified]	gap-closer
Stock depletion date	✓	Autolifethailand 2025-06-04	"X completely depleted"
Wheels detail	✓	Autolifethailand	18″ both trims

---

Models NOT launched in Thailand (shown but no Thai price)

Neta GT — sports coupé

Shown at Motor Expo 2023 (40th) and Motor Expo 2024 (41st) as a 2-door 2+2 coupé. Dual motor 462 hp, 580 km NEDC range, 0–100 in 3.7 s per Autolifethailand preview (Autolifethailand). Never received a Thai launch price. Was on the planned 1-model-per-year cadence but the Hozon collapse pre-empted it. Eligible for upcoming_models if Hozon-restructure outcome restarts product pipeline; not for trims.

Neta L — range-extender mid-size SUV

Unveiled in China 2024-04-22 (CnEVPost; Electrive). EREV with 1.5 L 4-cyl range-extender + 40.27 kWh battery, 310 km battery-only CLTC range. Announced for SE Asia in Q3 2024 (Paultan). Outside evth's BEV scope as an EREV anyway. Did not launch in Thailand.

Neta S — sedan / Shooting Brake

Sedan shown at BIMS 2023 (March 2023, Paultan); Neta S Shooting Brake debuted at BIMS 2025 (46th show, March 2025) as an "all-new" unveiling. Never received a Thai launch price (Wikipedia — Neta S). China-market price RMB 179,800–341,800. No Thai launch confirmed.

Neta U / Neta Aya separate-from-V-II / Neta EP39

• Neta U (Wikipedia article exists Neta U Wikipedia) — never sold in Thailand
• Neta Aya — already covered as the China-market name for the V-II
• Neta EP39 — referenced in BitAuto as "Q1 next year" launch in some markets [unverified — never confirmed for Thailand]

---

Cross-model lineup history

Date	Event
2022-08-24	Brand launch + Neta V opens at ฿549k (38.5 kWh NMC)
2022-09-28	First customer deliveries
2022-11-24	MOU with Excise Dept + Bangchan General Assembly
2022-11-30	Motor Expo 2022
2023-03	Neta V + Neta S display at BIMS 2023
2023-10	Neta V first price cut + LFP battery refresh (38.5 NMC → 40.7 LFP)
2023-11-30	BGA plant trial production begins
2023 (FY)	Neta = #2 BEV brand in Thailand
2024-03-15	BGA mass production starts (V-II)
2024-03-25	Neta V-II launches at BIMS 2024 (฿549–569k)
2024-06-27	First V-II discount round
2024-07-25	Neta X launches (฿739–799k); Neta V CBU clearance ฿409k
2024-07-25	V-II deeper discount ฿429–459k
2024-07-29	Neta X CKD-TH announcement (+ Malaysia export)
2024-10	Neta X leads TH e-SUV with 570 registrations
2024-11-28	Motor Expo 41st — 2,016 V-II + X bookings (+14 % YoY)
2024-12-26	400 layoffs disclosed at BGA; 2023 ฿1.8 bn loss disclosed
2025-02-28	Hozon Series E funding (CNY 4–4.5 bn) fails to close
2025-03-24	Sun Baolong: full production restart "from June"; 10k 2025 target
2025-03-25	THB 10 bn credit line from Nissan Leasing secured
2025-04-08	Neta Singapore closes
2025-04-14	Chinese dealers protest at Hozon factory gates
2025-04-29	Phetkasem Spare Parts Distribution Centre opens (May 2025 operations start)
2025-05-16	Neta TH publicly denies bankruptcy
2025-06-04	Fire sale — V-II at ฿299k no warranty; X stock depleted
2025-06-10	Thai Consumer Council receives EV complaints
2025-06-12	Hozon enters formal bankruptcy reorganisation
2025-06-13	18 Thai dealers file ฿200 m complaint at Excise Dept
2025-06-25	Excise DG public statement; ฿50 m extra bank guarantee demanded; EV 3.0 deadline pressure
2025-07-04	Thai Consumer Council approves class-action lawsuit
2025-07	Reuters fake-sales scandal published
2025-08-04	47 prospective investors apply for Hozon restructuring
2025-08+	Restructuring ongoing
2026-05	Status [unverified] — no confirmed new model launches, restart of BGA production, or restored dealer network. Brand effectively in distress / wind-down mode for new buyers.

---

Price-history collapse table

The headline dataset for evth's price-intelligence engine. Every documented Thai price action across the Neta lineup, in chronological order. source column is critical — only Autolifethailand-primary observations should weight the eventual "should I wait?" verdict; aggregator listings are noise.

Date	Model / Trim	Action	Price (฿)	Notes	Source
2022-08-24	Neta V Lite	Launch	549,000	Subsidy-inclusive (pre-subsidy 760,000)	Autolifethailand
2023-10-XX	Neta V Lite	Promo / discount	499,000	−฿50,000 promo, ends 31 Oct 2023; battery quietly refreshed 38.5 NMC → 40.7 LFP	Autolifethailand
2024-03-25	Neta V-II Lite	Launch	549,000	Thai CKD, 36.1 kWh LFP, 382 km NEDC	Autolifethailand
2024-03-25	Neta V-II Smart	Launch	569,000	+ADAS pack	same
2024-06-27	Neta V-II Lite	Promo	499,000	−฿50,000 (through 31 Jul 2024)	Autolifethailand
2024-06-27	Neta V-II Smart	Promo	549,000	−฿20,000	same
2024-07-25	Neta V Lite	Clearance fire-sale (CBU)	409,000	−฿140,000 / −25 % from launch; clearing CBU stock for V-II	Autolifethailand
2024-07-25	Neta V-II Lite	Deeper discount	429,000	−฿120,000 / −22 %; coincides with Neta X launch	Autolifethailand
2024-07-25	Neta V-II Smart	Deeper discount	459,000	−฿110,000 / −19 %	same
2024-07-25	Neta X Comfort 401	Launch	739,000	51.8 kWh LFP, 401 km NEDC, FWD 163 hp	Autolifethailand
2024-07-25	Neta X Smart 480	Launch	799,000	62 kWh LFP, 480 km NEDC	same
2025-Q1	Neta X (both)	Promo flooring	~739,000 floor	"minimum price starting at 739,000" — exact promo math [unverified — gap-closer]	BitAuto
2025-03-24	Neta V-II / X	Motor Show promo	Various (down-payment 8,888฿, 84-mo loans)	"Golden Miles" + cheap-down promo	Car2Day
2025-06-04	Neta V-II	FIRE SALE — NO WARRANTY	299,000 / 319,000 incl. VAT	−฿250,000 / −45 % from launch; stock ~400 units, export/fleet-allocated	Khaosod English
2025-06-04	Neta X	Stock-out	n/a	Inventory completely depleted	Autolifethailand
2025-Q3 onward	All models	[unverified]	—	No new pricing actions published; brand in restructuring	—

Counts: 16 documented Thai price observations across V / V-II / X (excluding aggregator-stale 2026 listings); 6 launch prices, 9 discount/promo events, 1 stock-out.

---

Sales / market position

Period	Neta units (TH)	YoY	EV market share	Source
2022 (delivery target)	3,000 (target)	n/a	n/a	CnEVPost
2022 (actual)	[unverified — likely <3,000]	—	—	—
2023 (full year)	~12,000 V units cumulative by year-end	strong	~12 % of BEV registrations — #2 BEV brand (behind BYD)	Carnewschina
2024 Jan–Nov	6,534 (V + V-II + X)	−45.8 %	shrinking	Nation Thailand
2024 (full year est.)	~7,900	−44 %	~11 %	Bitauto
2024-10 (single month)	Neta X 570 registrations — led e-SUV segment	—	strong-mix	MarkLines
2025 Jan–Apr	1,067	−37.3 % (vs same window 2024)	—	Khaosod English
2025 Jan–May	1,256	−48.5 %	collapsed to 4 % (vs 12 % in 2023)	same
2025 H2	[unverified] — likely <500	—	—	—
2026 Jan–Apr	[unverified] — likely near zero on new registrations	—	—	—
Cumulative TH owners (mid-2025)	25,000+ per Sun Baolong / 22,000+ active per Autolifethailand	—	—	Nation Thailand; Autolifethailand

Notable reviews / coverage

• Bangkok Post — "Detailing Neta's fall from grace" — best single-source narrative
• Rest of World — Chinese EV backlash — owner-experience focus
• Nikkei Asia — "Neta in deep trouble" — financial focus
• Momentum Works — "Painful reflections of a Chinese EV player's Thailand GM" — insider post-mortem [unverified content — paywalled / gated]
• Headlightmag — search for Neta V and V-II reviews [specific URL gap-closer]

Known incidents / recalls

• No safety recall identified for the Thai market as of May 2026 [unverified — gap-closer should check Thai DLT recall database]

Pantip / customer feedback

• Active Pantip threads documenting deposit-refund disputes, service-centre denials, spare-parts wait times >10 months [specific Pantip URLs to be added in gap-closer pass — search "Neta Pantip ปัญหา"]

---

Known DB drift / cleanup actions

Per the prompt's spec, the current Neta DB state shows model duplication that pre-dates the research-doc-first workflow.

Current state (per db/audit-neta.ts snapshot — Apr 2026):

neta-v  (#9) — 1 trim: Lite MY2026 ฿489k (current MSRP)
v       (#?) — 4 trims: V-II Smart MY2024 ฿459k,
                       V-II Lite MY2024 ฿429k,
                       V MY2026 ฿549k,
                       EV MY2022 ฿549k
v-ii    (#?) — 1 trim: Lite MY2026 ฿549k
x       (#?) — 3 trims: 480 Smart MY2024 ฿799k,
                       401 Comfort MY2024 ฿739k,
                       Comfort MY2026 ฿739k

Cleanup actions (apply in this order)

1. Consolidate the V family. neta-v, v, and v-ii all describe the same nameplate-and-its-facelift. Per the canonical Neta brand naming used in TH, the right model slug is neta-v (matching db/seed/brands.json). The V-II facelift is a second generation row under neta-v, not a separate model.
2. Generations:
   • Gen 1 (1st-gen) — original Neta V (2022-08-24 → 2024-Q1), with two MY trim rows:
     • lite MY2022 (38.5 kWh NMC), launch_msrp_thb=549000, current_msrp_thb=null (discontinued, replaced by LFP refresh)
     • lite-lfp MY2023 (40.7 kWh LFP), launch_msrp_thb=549000, current_msrp_thb=409000 (stock-clear price), status discontinued
   • Gen 2 (facelift-aya) — Neta V-II / Aya facelift (2024-03-25 →), with two MY trim rows:
     • lite MY2024 launch ฿549k → fire-sale ฿299k (no-warranty marker in trim_facts.notes), status current_clearance
     • smart MY2024 launch ฿569k, current ฿549k list (fire-sale equivalent ~฿319k), status current_clearance
3. Drop duplicate v, v-ii model rows. Move their trims under neta-v model with the appropriate generation. Use pnpm db:nuke-brand --brand neta --apply before re-seeding if needed.
4. x model is correctly structured. Trim slugs should be:
   • comfort-401 MY2024 ฿739k (current ฿739k list, stock-out flag)
   • smart-480 MY2024 ฿799k (current ฿799k list, stock-out flag) The duplicate Comfort MY2026 ฿739k row should be merged into the comfort-401 row.
5. Add status machinery. Introduce a parent_distress flag on the brands row (or a brand_facts row) carrying:
   • parent_bankruptcy_reorg = true
   • bankruptcy_filing_date = 2025-06-12
   • restructuring_ongoing = true
   • dealer_count_estimate = ~40 (Jun 2025; May 2026 unverified)
   • class_action_status = approved 2025-07-04, filing status unverified
   • warranty_honour_risk = high
   • recommended_advisor_verdict = avoid_unless_clearance_with_eyes_open
6. Add events rows for: brand launch 2022-08-24, V launch + first cut, V-II launch + cuts, X launch, BGA mass production start, the bankruptcy filing 2025-06-12, the fire sale 2025-06-04, the class-action approval 2025-07-04. The price-history collapse table above is the source list.

---

Open research items ([unverified] gap-closer pass)

Roughly 24 [unverified] flags in this document. A focused second-pass research session should aim to close:

1. Hozon's strategic investor outcome — who (if anyone) of the 47 investor candidates ultimately took up the restructuring stake? Status of the Aug 2025 deposit-call round.
2. Bangchan General Assembly status post-mid-2025 — has it restarted Neta production? Has Hozon allowed BGA to take other-brand contract work?
3. Sun Baolong's status as of May 2026 — still GM? Replaced? Public statements after Q3 2025?
4. EV 3.0 subsidy clawback — has the Excise Department actually invoked any repayment? Or extended the production deadline? Or accepted Hozon's restructuring as force majeure?
5. Thai class-action lawsuit status — court filed? Plaintiffs count? Damages claimed? Hearing schedule?
6. Neta TH dealer count as of May 2026 — field-survey-verifiable; aggregator data unreliable.
7. Customer deposit-refund resolution — Pantip thread analysis; specific named consumers + outcomes.
8. Warranty actual claim experience — have any owners successfully claimed battery warranty post-bankruptcy? Average wait time?
9. Battery cell supplier post-CATL-cut — was BGA running on stockpiled cells, or did Hozon find a backup supplier for V-II / X?
10. Specific Neta X 2025 promo dates / amounts — BitAuto referenced a ฿739k floor but didn't show the exact discount cadence.
11. Neta V vs V-II 0–100 km/h time — manufacturer publishes only 0–50 in 3.9 s.
12. Curb weight, V2L output, colour hexes across all three nameplates.
13. Headlightmag and Autoinfo review URLs for V, V-II, X.
14. Hyptec-style discontinued-trim audit — original Neta V Lite NMC (MY2022) when did Thai dealer-network stop offering it? Likely Q3 2023 with LFP refresh.
15. Pantip thread URLs for the deposit-refund + warranty-failure threads — these are crucial owner-voice grounding for the AI advisor.
16. The Hozon Aya CN-spec battery option (35–55 kWh range) vs Thai V-II's specific 36.1 kWh — why did Thai market get the smallest pack? Cost optimisation? [unverified intent]
17. CATL battery-shipment cutoff date to Hozon — for the price-collapse causal narrative.
18. Reuters fake-sales-inflation scandal URL (mentioned only via Wikipedia citation; primary URL needed).
19. Has Neta Auto Thailand filed any Thai bankruptcy/rehabilitation petition of its own? Or remains a going concern?
20. Updated dealer-network finder URL — neta.co.th/en/dealer_network returned auth-blocked above; needs scraper.
21. Hozon Tongxiang factory restart date specifically (Aug 2025 was small-scale resumption; full restart?).
22. Neta Aya vs V-II Thai-spec deltas — are they bit-identical or are there market-specific spec differences?
23. Government extension of EV 3.0 deadline — implemented or rejected?
24. 2026 Bangkok Motor Show (47th, Mar-Apr 2026) — did Neta exhibit? At reduced footprint? [likely yes given they need to keep brand alive for owners; unverified]

---

All sources

Official / distributor

• Neta Auto Thailand corporate site
• Neta TH press — Brand launch
• Neta TH press — Neta V official price
• Neta TH press — Neta V production confirm
• Neta TH press — Excise Dept MOU
• Neta TH press — V-II Factory Production
• Neta TH press — V-II Introduction
• Neta TH press — V-II Smart Choice campaign (lifetime battery)
• Neta TH press — Neta X launch
• Neta TH press — Neta X official launch
• Neta TH press — Neta X delivery start
• Neta TH press — Parts Distribution Centre 2025-04-29
• Neta TH press — Motor Expo EV 3.0
• Neta TH press — New executive Thai market
• Neta TH product — X
• Neta TH dealer network
• Neta TH after-sales

Thai press

• Autolifethailand — V official price
• Autolifethailand — V 2023 discount (LFP refresh)
• Autolifethailand — V July 2024 fire-sale
• Autolifethailand — V "new" 2024
• Autolifethailand — V-II coming March 2024
• Autolifethailand — V-II official price (Minorchange)
• Autolifethailand — V-II first discount
• Autolifethailand — V-II second discount (July 2024)
• Autolifethailand — X coming July 2024
• Autolifethailand — X official price
• Autolifethailand — GT coming
• Autolifethailand — Neta Auto Thailand status 4 June 2025
• Bangkok Post — "Detailing Neta's fall from grace"
• Bangkok Post — "Hozon files for bankruptcy"
• Bangkok Post — "Neta Auto keen on ramping up investment"
• Bangkok Post — "Neta Auto banks on new investors"
• Bangkok Post — "Troubled EV firm Neta may have to repay Thai subsidies"
• Nation Thailand — Hozon bankruptcy 22 June 2025
• Nation Thailand — Authorities watch Neta 25 June 2025
• Nation Thailand — Neta vows to clear supplier debt
• Nation Thailand — Bankruptcy denial 16 May 2025
• Nation Thailand — 400 layoffs Thailand
• Khaosod English — Fire sale 4 June 2025
• Khaosod English on X — Fire sale tweet
• Thai Examiner — Dealers ask Excise Dept
• Chiang Rai Times — Class action lawsuit
• Chiang Rai Times — Bankruptcy concerns Thai dealers
• Thailand Business News — Hozon shakes future
• Grandprix — Phetkasem parts centre
• Proliance — Neta troubles consumer impact
• Motorist Thailand — Motor Expo year-end campaign
• Car2Day — Motor Expo promo
• Droidsans — V launch
• 9CarThai — Neta V pricing 2024-2025

International press

• Paultan — V launch 2022
• Paultan — Bangkok 2023 V + S
• Paultan — V-II Malaysia CKD 2024
• Paultan — X CKD-TH for Malaysia
• Paultan — X / Aya / GT 2024 plan
• Paultan — Neta to lay off 400
• Paultan — Singapore shutdown + TH June restart
• Paultan — Neta production resume 47 investors
• CarNewsChina — Bestselling EV brand 2023 BYD #1 Neta #2
• CarNewsChina — X to be CKD TH
• CarNewsChina — Credit line March 2025
• CarNewsChina — Dealer protests April 2025
• CarNewsChina — Bankruptcy May 2025
• CarNewsChina — 47 investors August 2025
• CnEVPost — Plant opens November 2023
• CnEVPost — Plant construction March 2023
• CnEVPost — V launch 2022
• CnEVPost — L launch China
• Electrive — TH plant kicks off
• Electrive — Neta L unveiled
• Electrive — Neta resumes production August 2025
• MarkLines — TH production starts
• MarkLines — X leads e-SUV October 2024
• Caixin Global — Series E funding fails
• Bamboo Works — Hozon starts bankruptcy
• Just Auto — Hozon bankruptcy review
• Birr Metrics — Hozon enters bankruptcy
• Laotian Times — Bankruptcy
• Rest of World — Chinese EV backlash
• Indonesia Tribune — Consumer Council lawsuit August
• SoyaCincau — Malaysia buy-back
• Carz Automedia — EV dream derails Malaysia
• BitAuto — One new model per year 2025 plan
• BitAuto — 2,016 BIMS bookings
• BitAuto — 739k floor 2025
• Pandaily — Hozon enters ASEAN
• PRNewswire — TH factory mass production
• PRNewswire — V-II Bangkok debut
• PRNewswire — TH factory initiates production
• Xinhua — X launches in Thailand
• Yahoo Finance — X TH + Malaysia launch
• Nikkei Asia — In deep trouble
• Momentum Works — Painful reflections
• DSF Malaysia — V Thailand launch
• Autoevolution — Motor Expo 2022
• EqualOcean — TH factory scale production
• Neta Indonesia statement on restructuring
• Neta Indonesia — X Thailand 1,000 SPKs
• Kr-Asia / Nikkei — In deep trouble
• AfMA — Bankruptcy
• The EV Report — Thai factory launch

Aggregators / wikis

• Wikipedia — Hozon Auto
• Wikipedia — Neta Aya
• Wikipedia — Neta U
• Wikipedia — Neta S
• Wikipedia — Bangchan General Assembly
• ZigWheels TH — Neta brand
• ZigWheels TH — V-II
• ZigWheels TH — X
• ZigWheels TH — Neta brand price list
• Rodfaifa — X Smart
• Grokipedia — Neta GT
• Grokipedia — Neta Aya
• EV Database Motorwatt — Hozon Neta V Pro
• Licarco — Hozon NETA V Pro
• One2Car — used Neta listings
• Neta Indonesia model V-II
• Neta Indonesia model V