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Effective immediately, Neta Auto has mandated that all employees commence working from home, with office access control systems temporarily deactivated. This directive comes on the heels of recent revelations regarding unpaid wages, which sparked a confrontation where Chairman Fang Yunzhou was confronted by employees demanding their salaries. Despite Neta's proposed "debt-for-equity swap" plan, it has reportedly failed to gain traction. Rumors circulating suggest that investors are keen to salvage the company but insist on Fang Yunzhou's removal, a claim that Neta has vehemently denied.
Since 2024, Neta Auto has grappled with challenges including layoffs and salary reductions, and multiple self-rescue initiatives have proven insufficient in alleviating the company's difficulties.
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