Neta Auto’s Wholesale Business in Brazil Officially Kicks Off

On September 30th, Neta Auto announced that with a batch of brand-new Neta Auto vehicles slowly driving out of the port in the state of Espirito Santo, Brazil, the wholesale business of Neta Auto vehicles in Brazil officially kicked off.

These vehicles are about to arrive at Neta Auto dealerships across Brazil. Currently, Neta has opened more than 30 distribution stores in the Brazilian market, covering major sales areas in first-, second-, and third-tier cities. It is expected that the number of stores in Brazil will double by 2025.

Neta Auto stated that the Brazilian market is the largest economy in South America, and the company attaches great importance to it. Earlier this year, a subsidiary was established in São Paulo, Brazil, and then quickly went public in August.

In addition, Neta Auto is actively seeking opportunities to establish KD assembly plants locally to explore localized production and promote the upgrading of the local new energy vehicle industry while serving the entire South American region.

In the next two years, Neta Auto plans to expand its global sales network to cover 50 countries and regions, and establish 500 overseas sales and service outlets. Neta X was officially launched in Jakarta, Indonesia last week, with a localization production rate of 44%.

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