Neta Auto Malaysia denies bankruptcy rumours of Hozon Auto, affirms business as usual
Neta Auto Malaysia has issued an official statement refuting widespread rumours concerning the bankruptcy of its parent company, Hozon Auto. The statement comes in response to speculation circulating on social media that suggested financial instability at the Chinese electric vehicle (EV) maker.
The company clarified that the rumours stem from a legal dispute involving one of Hozon Auto’s creditors, YuXing Advertising, which recently filed a court application for a bankruptcy order. Neta Auto Malaysia described the move as a normal legal procedure for debt disputes and affirmed that Hozon Auto firmly denies any allegations of bankruptcy, pledging to defend its position robustly.
“Our local operations in Malaysia are unaffected and continue as normal,” Neta Auto Malaysia said in the statement. As the official distributor of Neta vehicles in the country, the company assured customers and stakeholders that it remains focused on delivering quality products and reliable support.
The distributor also emphasized that all key business functions — including sales, vehicle deliveries, and aftersales services such as spare parts — are operating without disruption. In fact, Neta Auto Malaysia revealed ongoing plans to expand its sales and service network in line with its growth strategy.
“Customer confidence and satisfaction are our highest priorities,” the company noted, adding that it is committed to meeting the needs of both existing and prospective customers while maintaining brand standards.
Neta Auto Malaysia also expressed its confidence in the long-term prospects of the Neta brand and in Hozon Auto’s ability to address its current challenges. The company said it would continue working closely with its principals and partners to ensure business continuity and customer assurance.
The statement concluded with an expression of gratitude for the ongoing support from stakeholders, media, and the Malaysian public.
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