Jakarta, 12 February 2025 – NETA Auto is further strengthening its commitment to bringing innovative electric vehicles to Indonesia with the support of a global strategy and new funding. Hozon New Energy, the parent company of NETA Auto, announced plans for a further funding stage to accelerate their business growth. NETA Auto plans a funding scale of between 4 billion and 4.5 billion yuan (equivalent to 10 trillion rupiah), with the main investor investing around 3 billion yuan. This funding will be a significant boost to NETA Auto's business development.

At the beginning of this year, with a renewed strategy and increasingly strong global expansion, NETA Auto is ready to enter a new growth phase. Throughout 2024, NETA Auto recorded cumulative sales in overseas markets of nearly 30,000 units and expanded its network to 184 dealers in various major world markets, including Southeast Asia and Latin America.

Fang Yunzhou, founder, chairman and CEO of NETA Auto, said, “As part of our global vision, NETA Auto will implement reform measures to achieve balance between domestic and international sales in the next 2-3 years, and achieve overall profitability.” With this approach, NETA Auto is increasingly confident in providing electric vehicles that are more environmentally friendly and oriented to customer needs in Indonesia.

Chris Lan, Managing Director of NETA Auto Indonesia, confirmed that this global strategy will further strengthen NETA's position in Indonesia. “We are optimistic about NETA's future in Indonesia. With new funding, a vision and a stronger global strategy, we will continue to bring innovative and affordable electric vehicles to the people of Indonesia. "We will also expand our dealer network and improve customer service so that more people can experience the benefits of our electric vehicle technology."

NETA Auto Indonesia continues to be committed to realizing the Tech for All vision, ensuring that high-quality electric vehicles can be accessed by more people, supporting the transition to sustainable mobility in the country.