[{"_1":2,"_85":-5,"_86":-5},"loaderData",{"_3":4,"_6":7},"root",{"_5":-5},"user","routes/tag.$slug",{"_8":9,"_74":75,"_82":77,"_83":65,"_84":66},"posts",[10],{"_11":12,"_13":14,"_15":16,"_17":18,"_19":20,"_21":22,"_23":24,"_25":26,"_27":28,"_29":30,"_31":32,"_33":34,"_35":-5,"_36":37,"_38":39,"_49":50,"_67":68,"_69":70,"_71":72,"_73":32},"documentId","n0vtqc1ycrymb7ioi9nmox8o","title","NETA Auto Secures Significant Funding Amid Operational Adjustments","slug","neta-auto-secures-significant-funding-amid-operational-adjustments","excerpt","Sources have revealed that NETA Auto has secured around 6 billion in funding, but did not disclose the specific currency.","content","\n

According to Chinese media DoNews, sources have revealed that NETA Auto has secured around 6 billion in funding, but did not disclose the specific currency. An employee of NETA Auto mentioned that they have not heard of any external announcement regarding the funding, but their previous salary arrears have been recently settled, and salaries are now being paid on time. Another source indicated that the funding for NETA Auto this time involves state-owned assets and CATL, but this information has not been confirmed. Additionally, some NETA Auto employees confirmed to DoNews that the internal restructuring at NETA Auto is mostly complete, with the primary focus being on securing funding to ensure normal operations, as well as the production of vehicles on the assembly line and the supply of aftermarket parts.

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Regarding the closure of direct sales stores, the aforementioned NETA Auto internal employee stated that it is largely consistent with previous media reports. NETA Auto is adjusting its distribution system, abandoning direct sales stores in favor of opening dealer stores, leading to speculation that NETA Auto is closing down. \"Direct sales stores are too costly, so the current situation will lead to direct closures and adjustments.\"

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DoNews previously reported that NETA Auto officially resumed work on January 4th and resumed production on January 6th, with a target of producing 1,000 vehicles by the 15th of this month and a total goal of 4,000 vehicles for January and February. In November of last year, NETA Auto was reported to have carried out large-scale layoffs and the factory was shut down. On December 6th, NETA Auto announced that due to the company's strategy, Li Bin would no longer serve as CEO and would instead become a company advisor; founder and chairman William Li took on the role of CEO. In a company-wide message, William Li candidly addressed the extreme competition in the market, the rapid spread of public opinion, and a series of problems within NETA Auto itself in terms of strategy, organization, and management systems, leading to short-term turbulence in the company's development. On January 6th, NETA Auto was reported to have its official website under maintenance, with the company stating that it was undergoing maintenance before being accessible again.

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Tag: #NETA

NETA Auto Secures Significant Funding Amid Operational Adjustments