Jakarta, 10 August 2023 – After being introduced globally last year, this year, NETA is officially present in Indonesia through one of the largest domestic automotive exhibitions, namely the Gaikindo Indonesia International Auto Show (GIIAS) 2023. As an automotive brand that was first introduced to automotive market in China in June 2018 and launched its first electric car product in November of the same year, now NETA is a global automotive brand that offers the best quality products and premium innovation for electric vehicles throughout the world. In Indonesia, NETA will introduce three products at once, namely NETA S as a sports car with modern technology, NETA U as a BEV-SUV with a longer battery range, and NETA V as a modern vehicle with high-end technology for Indonesian youth.

Starting from in-depth research and development since 2014 under the auspices of Hozon Auto Manufacturing in China, NETA has now become a brand with extraordinary achievements which first introduced its products to the public in 2018.

At the end of 2019, NETA has succeeded in recording production figures of up to 10,000 units. Continuing its mission to create the best quality products with in-depth research into consumer needs in the automotive market in China, NETA has now launched at least five models and has succeeded in recording sales figures of up to 150,000 units in 2022. This sales figure brings NETA to No. 1 automotive start-up and No. 9th among electric vehicle players in China. NETA is also one of the ten companies that assemble passenger cars with electric batteries, and is now the fastest growing electric vehicle brand in 2021 because it has a growth rate that is twice the average growth rate of the electric vehicle industry in China.

Committed to making electric vehicles with smart technology that can be accessed by all levels of society, presenting technology with high brand value for all, and becoming a popularizer of electric vehicles or smart EVs, NETA has started its global expansion in 2022, and continues to develop into a brand the most promising electric vehicle in China with YoY growth of 362%. To date, NETA has succeeded in selling more than 320,000 electric cars.

"The key to the founding of NETA is the innovation and smart technology that we embed because in our opinion, cars with digital technology are more than just ordinary cars. We have developed three research and product development centers to maximize the production and assembly of electric cars with high quality and the best innovation, which we adapt to society's current needs. "Apart from that, NETA is now also partnering with four internationally recognized companies in various business lines to maximize the potential of our products and services," explained Wang Chengjie, President Director of PT NETA Auto Indonesia.

Continuing to develop, NETA then launched NETA PILOT, a driving system with smart technology in early 2022 to support a pleasant driving experience and increase safety and comfort features. In 2022, NETA will also make its first expansion to Thailand. And at the end of the year, NETA managed to record a total sales figure of 152,073 units, and this figure made NETA the first EV start-up brand in China with an annual sales volume exceeding 150,000 units. With this rapid development, the electric car company NETA has also received awards such as Best Hatchback Electric Vehicle by Thailand's annual award, Platinum Award by MUSE Design Awards 2023, and so on.

Now NETA is trying to meet the needs of the Indonesian people as a country that has high potential to become the center of the automotive industry in ASEAN, by bringing fresh air to the Indonesian automotive market through 100% electric vehicles equipped with advanced smart technology. NETA sees extraordinary potential for the automotive market in Indonesia, as evidenced by the significant increase in automotive sales figures from 2021 to 2022. The electric vehicle industry in Indonesia is also supported by the implementation of government policies and steps in the form of incentives that can help develop infrastructure and penetrate electric vehicles in the Indonesian automotive market.

NETA will start holding pre-orders during GIIAS 2023, and in the future it will assemble its electric vehicles locally in Indonesia starting in Q2 2024. The commitment that NETA continues to maintain is a form of seriousness to grow and develop together with the Indonesian people and fully supports Government policies.

"We are very proud to be able to present our high quality products, we are very confident that NETA is present and investing to meet the needs of the Indonesian people as well