Neta Malaysia will repurchase your Neta V or Neta X if spare parts are no longer available. This bold promise is one of several interesting points inside the latest statement from the exclusive distributor of Neta in Malaysia, Intro Synergy.

In the statement, Intro Synergy has announced its intention to restructure its operation, in line with the restructuring process of Neta’s parent company, Hozon Auto. However, no timeline was mentioned by the company which is a joint venture between Go Auto and Careplus Group.

Despite the restructuring process, Intro Synergy said that it has “the expertise” to guarantee a sufficient amount of spare parts during the lifecycle of Neta vehicles. The company also insists that all of their service centres are operational as usual and will honour all the warranties that have been provided to customers.

Meanwhile, the statement also revealed Intro Synergy’s plan to move away from the existing dealership business model. Instead, the company is looking to implement the direct-to-consumer approach to help reduce its costs and become more competitive.

The statement did not provide much details regarding the shift aside from that it will likely be skewed towards digital sales channels. Intro Synergy also pointed out this direct-to-consumer approach has been adopted by other “leading EV brands” which we believe is a reference to Tesla.

For the benefit of those who are not aware of Tesla’s business model, the company sold its EVs directly to customers even in Malaysia. On the other hand, Neta dealerships in Malaysia are run by several companies such as NexV Synergy (Seremban), KCM Group (Ampang), Jac Auto EV (Ipoh), Seni Akasia (Sabah), and many more, depending on their locations.

Tesla also operates its own service centre, although the American company does partner with other parties for physical repairs through the Tesla Approved Body Shop programme.

Back to Neta and Intro Synergy, the statement did not specifically address what is going to happen to existing Neta dealerships in Malaysia. That being said, NexV Synergy, which is a fully-owned subsidiary of CarePlus Group, is already working to expand its offering with EVs from other brands.

This was noted in a recent circular to CarePlus Group’s shareholders that was filed with Bursa Malaysia earlier this month. However, the company has yet to sign any dealership deals with other EV brands so far.

From what we gather so far, the restructuring of Neta and Intro Synergy will not affect the CKD plant at the Chembong Industrial Area in Rembau, Negeri Sembilan. To be clear though, the facility does not belong to Neta anyway – the brand is just one of its “clients”.

Designed to support both passenger and commercial New Energy Vehicles, the plant belongs to NexV Manufacturing which is yet another joint venture between Go Auto and Careplus Group. Unlike Intro Synergy, whereby it was a minor shareholder, Careplus Group holds the majority share in this particular venture.

The company is currently working to raise funds of up to RM55.4 million in order to complete the Phase 1 construction of the new facility. The plant’s assembly line and pre-delivery inspection buildings are being built under this phase as well as a dedicated test track.

Originally said to be operational by Q1 2025, the plant is currently 52% done, and the construction is expected to be completed only by the end of 2025. Once operational, the facility will be able to assemble up to 30,000 passenger vehicles, 10,000 vans/pickups, and 1,000 buses/trucks.

In the same circular to the shareholders, Careplus Group noted that Dongfeng has appointed NexV Manufacturing as a contract assembler in January 2025. At the same time, the company is also actively looking to collaborate with other brands.

https://www.msn.com/en-my/lifestyle/other/n...e8c272d4a&ei=17

Toyota Reportedly Considering Takeover of Chinese EV Maker Neta Auto

Japanese automotive manufacturer Toyota is reportedly exploring the possibility of acquiring Neta Auto, a Chinese electric vehicle company facing severe financial distress, reported by Car News China. The potential deal, though not confirmed by Toyota, was highlighted in a report by Kuai Technology on 12 May, suggesting that such a move could serve to strengthen Toyota’s electric vehicle strategy in China, the world’s most competitive EV market.

https://www.piston.my/2025/05/13/toyota-rep...aker-neta-auto/

initially NETA
late become NATE mu

Could become Toyota as Toyota is rumoured to take over Neta

I don't get it... why would Toyota take over a chinese ev car manufacturer like Neta? I thought Neta cars are quite bad????

already dismissed the claim

>if spare parts no longer available

so a few years later at the low end of the price range?

Normally, this type of acquisitions is P&C and they will deny until it becomes concrete

Toyota after all is a listed co. and news like this could affect their share prices

Accelerated EV Rollout:
Acquiring Neta could allow Toyota to leverage the existing infrastructure and know-how to rapidly expand its EV offerings in China.

Local Expertise:
Neta's familiarity with the Chinese market and consumer preferences could help Toyota better tailor its EV products and marketing efforts.

Established Production:
Toyota could utilize Neta's existing factories and supply chains, reducing the time and cost of establishing its own EV production.

Budget-Friendly EVs:
Neta's experience in producing budget-friendly EVs could give Toyota a competitive advantage in the entry-level EV market.

Strategic Advantage:
Acquiring Neta could help Toyota gain a foothold in the increasingly competitive Chinese EV market and potentially deter competitors.

i worry the company not there anymore... buy back also no use.

tak faham why ppl so happy with buyback.

You still need to pay the excess interest to the bank.

They're not gonna waive the interest even if the company buy back.

this guarantee does not mean much, imo.

spare parts located overseas and takes 6 months to arrive also considered as "spare parts available".

spare parts made bespoke for your car with a huge price tag also considered as "spare parts available".

repurchase your car for 10% of its original purchase price also considered as repurchase.

If company not there anymore, wad is the solution?

I think the company dare to give such assurance because they expect to CKD in Malaysia and should not face parts problems anymore

Anyway, the main company in China is facing financial difficulties and will likely close down unless it's taken over by a bigger company

If they are really taken over by Toyota, then it's a different story altogether

But there are so much uncertainty about this brand and it's not like there are no other China EV brand in Malaysia

This post has been edited by 30624770: Jun 10 2025, 02:26 PM

then they will keep saying available but need to wait only. Wait how long? Belum tau. Or ada parts, cost a boom, better buy new.

Lel

LOL, i think the company might bangkrap first. Once bangkrap you want go back to ask them buyback the company already non exists.

if only they will announce parts no longer available. or they might buy back a few and scrap the parts to give to others ...

janji kosong, ltr lingkup liao no1 will buy ur car anymore xD

what is the definition of no longer available?

no longer in manufacturing? no stock locally? kompani zap lap?

but Neta losing $$$ and China EV market currently in price war....
Toyota going to lose more $$$