Neta, the Chinese EV maker, has resumed operations and reinstated full salaries at its Tongxiang plant after filing for bankruptcy in June 2025. Parent company Hozon New Energy is seeking investors via a public notice and Alibaba's asset disposal platform, requiring a CNY50 million deposit by September 15th. Despite the financial turmoil in China, Neta Malaysia assures local operations, featuring the X and V models, remain unaffected.
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