- As domestic competition intensifies, more Chinese EV makers are expanding abroad.
- Thailand’s consumer watchdog is investigating Neta Auto after a surge in complaints.
- Neta’s struggles highlight the risks of China’s EV price war affecting global consumers.
…
In China, it’s not uncommon for EV buyers to lose after-sales support when companies fold amid the ongoing price war. … The fallout is now spilling overseas, threatening the reputation of Chinese automakers. More than 30 Chinese EV brands were actively expanding abroad last year — many before turning a profit at home.
Last month, Neta’s parent company, Hozon New Energy Automobile, confirmed it had entered bankruptcy restructuring in China. Earlier that month, viral videos showed employees staging a sit-in over unpaid wages.
…
You must log in or # to comment.