Neta Auto's parent company, Hozon New Energy, has officially embarked on a reorganization process overseen by the Intermediate People's Court of Jiaxing City, Zhejiang Province, and directed by the government. This initiative aims to address the current debt crisis, attract strategic investments, and enhance management efficiency. The comprehensive plan encompasses several key elements: establishing a fair and transparent leadership framework, infusing both domestic and foreign capital, restructuring the management team, safeguarding the rights and interests of vehicle owners, and maintaining the ongoing operation of both domestic and international businesses.

Looking ahead, Hozon New Energy will prioritize technological advancements and global expansion, introducing new vehicle models and deepening ecological collaborations. Neta Auto affirms its commitment to returning to the market with enhanced stability, thereby fostering the high-quality growth of China's new energy automotive industry.