Chinese automaker Neta announced on Business RelationshipAugust 10 a plan to sell its electric vehicles in Indonesia from the fourth quarter of this year. The Hozon-owned company presented three EV models at the Gaikindo Indonesia International Auto Show on August 10 and has initiated pre-orders for the popular Neta V crossover in Indonesia, with a price tag of 379 million rupiah ($24,967). This marks Neta’s debut in Indonesia, having previously expanded to Thailand, Malaysia, and other ASEAN countries. Additionally, Neta has signed an agreement with Indonesia’s PT Handal Indonesia Motor to start localized assembly and production in the country from the second quarter of 2024, according to the firm’s statement. The brand, known as Nezha in China, said it exported approximately 8,000 units in the first half of this year. Currently, it is in the process of establishing its first overseas plant in Thailand, with production expected to commence in January 2024. During the first quarter of this year, the Neta V was the second best-selling EV in Southeast Asia, behind BYD’s Atto 3, according to market research firm Counterpoint. [Neta statement, in Chinese]
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