Under the oversight of the Jiaxing Intermediate People's Court, Neta Auto has embarked on a judicially guided restructuring process, steered by the government to address the debt crisis and attract strategic investors. This initiative aims to safeguard the rights and interests of creditors, employees, and car owners, with a primary focus on addressing supply chain disruptions and ensuring timely vehicle deliveries. Concurrently, Neta Auto will collaborate with industrial capital to revive production and bolster research and development efforts.

The incoming CEO brings with them extensive management experience from multinational automakers, positioning the company to reinvigorate its core technology platform. By 2027, Neta Auto aims to introduce three new models targeting the global market, with a particular emphasis on the 100,000 to 200,000 yuan price range. Additionally, the company will accelerate its overseas expansion plans and enhance its after-sales services to further strengthen its market presence.