BANGKOK: Chinese BEV (battery electric vehicle) maker Neta Auto has started production in its first overseas manufacturing venture, at its Neta Thailand factory, a collaborative effort between Neta and BGAC (Bangchan General Assembly Co Ltd).
Zhang Yong, co-founder and CEO of Neta Auto, said, 'The Thai factory is poised to become an exemplary model for the internationalisation of intelligent new energy vehicle factories."
The Neta Thailand factory's annual production capacity is expected to reach 20,000 vehicles. This facility will serve as a key manufacturing hub for Neta's electric vehicles, particularly right-hand drive models, catering to Thailand and broader markets.
On November 29, Neta Auto had unveiled the new Neta GT and Neta X at the 40th Thailand International Motor Expo.
The Neta GT combines sports car design and performance, accelerating from zero to 100 km/h in 3.7 seconds.
Currently, Neta Auto has plans for seven global products, including sedans, SUVs (sport utility vehicles), and station wagon models.
Since entering the Thai market in 2022, Neta has exceeded 12,000 units in sales in Thailand as of mid-November 2023.
From January to October 2023, the single Neta model held a market share of nearly 20% in the Thai pure electric car market.
In 2024, Neta Auto aims to expand its global sales network to encompass 50 countries and establish 500 overseas sales service outlets.
