Dec 01, 2023 08:20 PM
BUSINESS
Hozon EV Unit Kicks Off Production at First Overseas Plant in Thailand
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The first model NETA V-II produced by Neta Auto’s factory in Thailand. Photo: Neta Auto Official WeChat
Neta Auto has kicked off production at its first overseas electric vehicle (EV) plant in Thailand, further expanding its presence in the Southeast Asian country, where the government looks to increase the use of battery-powered cars as part of its decarbonization push.
The facility is expected to have an annual capacity of 20,000 cars with large-scale production scheduled to begin in the first quarter of 2024, according to a press release from Neta Auto, the EV brand of Chinese carmaker Hozon New Energy Automobile Co. Ltd.
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