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Hozon Auto (Chinese: 合众汽车; pinyin: Hézhòng Qìchē) is a Chinese electric car manufacturer which was established in 2014. It produces vehicles under the Neta (Chinese: 哪吒; pinyin: Nézhā) brand.
 | |
| Company type | Public |
|---|---|
| Industry | Automotive |
| Founded | October 2014 |
| Founder | Zhang Yong |
| Headquarters | , China |
Area served |
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Key people | Fang Yunzhou (Chairman & CEO) |
Production output |  127,496 (2023) |
| Brands | Neta Auto |
Number of employees | 9,000 |
| Subsidiaries |
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| Chinese name | |
| Simplified Chinese | 合众新能源汽车股份有限公司 |
| Hanyu Pinyin | Hézhòng Xīn Néngyuán Qìchē Gǔfèn Yǒuxiàn Gōngsī |
| Website |
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Hozon Auto was founded in 2014 in the Zhejiang province, co-founded by Beijing Sinohytec and Zhejiang Yangtze Delta Region Institute of Tsinghua University and is based in Jiaxing.[1] It opened an Autonomous Vehicle Research Centre in California's Silicon Valley in 2018, and a Beijing-based Design Centre opened in March 2019. Its current headquarters are located in Putuo District, Shanghai, which was opened in 2023.[2]
The company announced its first concept car in 2017.[3] The first production model Neta N01 compact SUV was launched in 2018[4] built on its HPA platform along with the launch of the Neta brand, with orders for the mid-sized Neta U SUV based on the HPC platform being taken in 2019.[5] The company has plans for further models based on the two platforms.
In March 2024, in order to alleviate the financial pressure of Hozon and facilitate its expansion in overseas markets, the government of Hong Kong announced to provide a subsidy of up to HK$ 200 million (25.6 million USD). The Hongkong government also promise to assist its cornerstone round of IPO and rise 200 million USD. In return, Hozon will establish a manufacture plant in Hongkong. [6][7]
In April 2024, three investment companies founded by the governments of Yichun, Tongxiang and Nanning, announced to jointly inject 5 billion RMB (691 million USD) to Hozon to alleviate its financial pressure and for the future IPO. [8] Despite the expansion of the offer and a significant expansion of the market reach to include new sales markets, at the turn of October and November 2024 Hozon Auto found itself in a bad financial situation. Due to, among other reasons, failure to meet planned sales targets (30% lower popularity of models than expected), the company carried out massive pay cuts for its employees and suspended car production[9].
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In March 2023, Hozon Auto announced the construction of its first overseas production facility in Bangkok, Thailand. The facility is scheduled to operate at the end of January 2024 and will target at manufacturing and exporting right-hand drive electric cars to ASEAN countries.[10] In November 2023, Neta Auto (Thailand) Co., Ltd. with its partner, Bangchan General Assembly Co., Ltd. (BGAC), started assembling right-hand drive electric cars in Thailand, with its first model the Neta V-II. At this point, over 12,000 units of the imported Neta V have been delivered within Thailand.[11]
In August 2023, Hozon Auto through its subsidiary PT Neta Auto Indonesia introduced the Neta V in Indonesia, with deliveries commenced in November 2023.[12] In April 2024, Neta Auto Indonesia started assembling vehicles at the PT Handal Motor Indonesia plant, with the facelifted V-II.[13]
In 2024, Hozon Auto started an operation in Brazil and announced a local factory for 2025. The Brazilian factory will supply all of South America continent.
Hozon Auto Expands into Africa in 2024, With Kenya launch.[14]
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Hozon Auto currently has a single brand called Neta.
Current models
- Neta S (2021–present), midsize sedan/estate wagon, BEV/REEV
- Neta GT (2023–present), midsize sports car, BEV
- Neta L (2024–present), midsize SUV, BEV/REEV
- Neta U/X (2019–present), compact SUV, BEV
- Neta V/Aya (2020–present), subcompact SUV, BEV
Neta X
Neta L
Neta S
Neta GT
Neta V
Discontinued models
- Neta N01 (2018–2020), subcompact SUV, BEV
Neta N01
Concepts
Neta Eureka 01 Concept
Neta Eureka 02 Concept
Neta Eureka 03 Concept
Neta U Concept
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| Year | Sales |
|---|---|
| 2018 | 1,206 |
| 2019 | 11,212 |
| 2020 | 15,509 |
| 2021 | 69,674 |
| 2022 | 152,073 |
| 2023 | 127,496 |
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