From：Internet Info Agency 2026-04-23 20:37:00
From 2021 to 2023, Neta Auto incurred cumulative net losses of RMB 18.3 billion, amounting to an average loss of over RMB 80,000 per vehicle sold. State-owned capital from regions including Yichun in Jiangxi Province, Nanning in Guangxi Zhuang Autonomous Region, and Tongxiang in Zhejiang Province has invested more than RMB 8 billion in the company. Currently, Neta Auto’s factories have completely halted production, and the company has entered bankruptcy reorganization proceedings, leaving the majority of state-owned investments at significant risk of loss.
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