According to the Alibaba Judicial Auction Platform, a collection of vehicle manufacturing machinery and equipment from Neta Auto's production base in Nanning (situated at No. 88 Changlong Road, Lingli Town, Qingxiu District, Nanning City) was put up for auction for the first time on July 27, with an initial bid set at 60.3079 million yuan. However, the auction was unsuccessful as no bidders registered to participate. This batch comprises 467 pieces of equipment, owned by Guangxi Ningda Automobile Technology Co., Ltd., a subsidiary of Hozon New Energy Automobile Co., Ltd., along with its subsidiary Nanning Ningda New Energy Automobile Co., Ltd. It encompasses production lines such as stamping and final assembly. Presently, the equipment has proceeded to the second round of auction, with the starting bid lowered to 48.2463 million yuan. The auction is slated for August 12, and as of the time of reporting, there have been no registrations for bidding.