NETA Auto’s Global Expansion in 2024
In 2024, Chinese new energy vehicle manufacturer NETA Auto made significant strides in its global expansion efforts. The company introduced its all-electric NETA X model in multiple countries, including Indonesia, Thailand, Malaysia, and Brazil. Additionally, NETA Auto enhanced its production capabilities by opening a manufacturing plant in Indonesia.
Photo credit: NETA Auto
Aside from market expansion, NETA Auto also focused on technological advancements and research and development. The company established an R&D center in Hong Kong and collaborated with SenseAuto on intelligent driving and smart cockpit innovations.
Key Events for NETA Auto in 2024:
- Renewal of cooperation agreement with PT Bank Central Asia Tbk in Indonesia
- Partnership with PT Luxury Trans Indonesia for market expansion in Indonesia
- Strategic agreement with Saavedra Corp. for entry into the Bolivian market
- Opening of the first flagship store in Malaysia
- Launch of sales operations in Brazil
- Introduction of NETA X all-electric SUV model in Indonesia
- Financial support from Brazil’s BTG Pactual
- Rollout of the first NETA X vehicle from the Indonesia plant
- Strategic partnerships in Mexico with BBVA, EMA, and local dealers
- First user to receive Malaysia’s EV-dedicated JPJePlate
- Launch of NETA S Shooting Brake model
- Debut of three key NEV models in the Brazilian market
- Inauguration of the Hong Kong R&D Center
- Collaboration on integrated gateway domain controller project
- Sale of NETA X model in Thailand and Malaysia
- Opening of a sales center in Azerbaijan
- Release of NETA L’s BEV edition in the market
- Parent company’s filing for IPO in Hong Kong
- Participation in V2G pilot project with industry partners
- Launch of integrated gateway domain controller with technology partners
- Financial support from China CITIC Bank and CITIC Securities
- Commencement of local volume production in Indonesia
- Deepening cooperation with SenseAuto on intelligent driving technology
- Introduction of NETA L REEV model
- Government subsidy for NETA Auto in Hong Kong
- Scale production start at Thailand KD plant
- Equipment setup for Indonesia plant
- Launch of NETA GPT AI large model
- OTA update for NETA S featuring highway navigation assistance
- Groundbreaking for third overseas plant in Malaysia
