Digital Reading | Neta Auto delivered 9,017 vehicles in April, and Neta L orders have exceeded 15,000 vehicles

Recently, Neta Automobile announced its latest market performance. Data shows that Neta Auto delivered 9,017 new cars in April; in addition, orders for Neta L have exceeded 15,000 since it was launched on April 22.

Recently, Neta Automobile announced its latest market performance. Data shows that Neta Auto delivered 9,017 new cars in April; in addition, orders for Neta L   have exceeded 15,000 since it was launched on April 22.

On April 22, the Neta L extended-range version was officially launched, with a total of 4 models launched, with a price range of   yuan. Neta L is built on the Shanhai 2.0 platform and is positioned as a medium-sized new energy SUV. An extended-range version will be provided initially, and a pure electric version is expected to be launched later. Neta L will start mass delivery in May.

Since entering 2024, the delivery volume of Neta Automobile has declined. Except for the delivery volume in January, which exceeded 10,000 units, the delivery volume from February to April was more than 10,000 units. However, after the launch of Neta L, its Delivery performance will undoubtedly improve.

Previously, Zhang Yong, CEO of Neta Automobile, said in an interview with the media that the company's continued blood loss and price war have no future, and it still needs to make valuable products. Neta Auto will not reduce product performance and configuration for the sake of low price. In the next step, the company plans to appropriately reduce production and sales of some products that continue to suffer losses or whose short-term gross profit margins cannot be turned positive.

In March, Neta Automobile received two financings, including an increase of 100 million yuan in registered capital and a subsidy of 200 million Hong Kong dollars from the Hong Kong government.

According to previous plans, by 2026, Neta Automobile will fully transform from a car manufacturing company to a global high-tech company, with global annual sales reaching 1 million vehicles. Among them, 30% of sales come from overseas markets.

At present, Neta Automobile has established an overseas center in Hong Kong, and is planning to establish overseas intelligent R&D centers and big data centers, and jointly develop next-generation technologies and products with Hong Kong's R&D institutions and universities. According to Zhang Yong, the above goals will be accelerated to a certain extent. It is expected that overseas sales will reach one-third of the company's total sales in 2024, and strive to reach more than half within one or two years.