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

Lol buy back. They think gold block.

Once company gone. Who gonna buy back.

toyota want customer base and neta logo.
kind of this acqusition wont use parent logo .

It's just a rumor but assuming it's the truth, Toyota is way behind BYD and Tesla when it comes to EV

Despite all the price wars in China, most of the EV companies in China are previously established car manufacturer with connections to the government except for BYD, Cherry and Geely. The companies with connections with government is unlikely to be sold to foreigners and more likely the government will force mergers.

BYD, Cherry and Geely are doing well enough that they don't need a foreign partner, let alone a foreign company to take over. So, Toyota is left with the smaller companies that are likely to die off. Among those smaller companies, Neta is the only one currently in financial problem and already has an establish distribution and selling models. So, it is a good target to take over cheaply and have access to their tech even though they are not BYD level EVs. It's a good starting point for Toyota in EV in China.

How to buy back when the company is no longer available?

those who already bought neta one prepare up car liao d .

yeah, definitely the logo won't change in china...

outside of china, may get rebadge into toyota....
who knows, maybe into lexus brand too.

Actually, Toyota hybrid cars are quite common in Beijing

I took Didi in Beijing the last time and quite often gets pick up by Corolla Hybrid

Provided they still exist kan

.
Will Neta China and the local dealer here will still be around in the coming months.? .......

https://finance.sina.com.cn/roll/2025-05-14...yy9442704.shtml - Google Translated: Nezha Automobile is "on the brink of death": the operating entity has been declared bankrupt and the trace of 3 billion financing is hard to find
May 14, 2025

= "Caveat Emptor."

P S - This reminds me of the many abandoned housing projects in Malaysia = many housebuyer victims.
.

This post has been edited by lurkingaround: Jun 10 2025, 03:54 PM

Hari ni cakap, semalam dah gulung tikar cabut cepat2

Company sudah mahu brankrap lagi mahu buy back...siapa mahu invest this company anymore. Duit pinjam along ke?

Why buy a dead horse when Toyota already JV with GAC Guangzhou Automobile Group Co Ltd to produce Toyota bZ7, an over-five-metre-long EV sedan?

JV means you don't have complete say while take over mean you have the power to run the company

Dunno how much they will buy back

But currently neta price around below rm70k can buy cash. If they pay back full damn nice

Terms or conditions applied.

lol pretty sure I saw my neighbor bought the Neta car when it first came out couple of years ago, now dunno where the car go liao maybe already cashed out

Mcm Toyota & Sime Darby?

Sound like abang non political speech

Sime Darby is distributor for Toyota cars in Malaysia

It is not a JV. Sime Darby brings Toyota cars into Malaysia to sell

They sign a dealership agreement and not JV agreement

JV means 2 parties get together and cooperate to do biz by setting up a company

This way they both have say in how the company is run and products are made

This post has been edited by 30624770: Jun 10 2025, 04:47 PM

Saya putar Harlim!

Sime Darby completed its acquisition of the majority stake (61.2%) in UMW company.
Toyota Malaysia is a joint venture company owned by UMW Corporation Sdn Bhd (51%), Toyota Motor Corporation (39%), and Toyota Tsusho Corporation (10%),

Fuyoh. Dia mia confident bukan main-main level. Serius la.

LOL the one going to bankrupt can still buy your car back? LOL

What if spare part available but harga Bazaar ramadhan

No resell value or market value. Buy back at besi buruk price. RM2k.

if you brand has value, you dont have to utter such statement. great brand will be vouch by your own customers instead.

so dont belip at all

u buy u upcar

EV

everything controlled by the headunit

once bankrap

the headunit software also goes haywire

wait till u having hard time to set settings in the headunit

KEK

ayam watched douyin yesterday some guy driving bankrap company punya car

situation like this

The mother company aldy GG at china so don't that this joke seriously

In Thailand already firesale

Dengar boley, perchaya jangan

China company can overnight hilang like magic .
See china YouTube video ,today sc ada like normal , tomorrow sc lesap empty showroom.even the employee also kept in the dark until last minute.

This post has been edited by TRAZE99: Jun 10 2025, 10:45 PM

toyota got strong brand. same time toyota agak hati hati
when expanding.