Bangkok, September 22, 2022 – Hozon New Energy Automobile Co., Ltd., manufacturer of electric vehicles under NETA brand, supports China-ASEAN Comprehensive Strategic Partnership to harness Thailand's potential as ASEAN’s electric vehicle hub at the CHINA-ASEAN EXPO. The event was held in Nanning, Guangxi Zhuang Autonomous Region, People's Republic of China Between 16-19 September 2022.

CHINA-ASEAN EXPOis held annually to strengthen economic collaboration, trade and investment between business and industry sectors of the People's Republic of China and ASEAN countries. This year marks an important milestone to elevate their ties to a Comprehensive Strategic Partnership and deployment of the Regional Comprehensive Economic Partnership (RCEP) at Nanning International Convention & Exhibition Center, People's Republic of China during 16-19 September.

NETA is Committed to Fully Promoting the Electric Vehicle Industry in ASEAN
At the event, Mr. Fang Yunzhou, founder and chairman of Hozon New Energy Automobile Co., Ltd., delivered a keynote outlining the strategic cooperation between the China-ASEAN automotive industry. Stating that the ASEAN region plays a pivotal role in the success of global automotive industry. For the past few years, the demand for new energy vehicles has rapidly grown. China has been collaborating with partners in ASEAN to develop new energy vehicles and become the world's biggest EV manufacturer and seller for seven consecutive years. In August 2022, the new energy vehicle market share of China was around 28%, while the EV global market share is projected to reach 25% by 2025. Therefore, China will collaborate with ASEAN partners to accelerate electric vehicle industry growth.

Currently, NETA has started producing the right-hand drive version of NETA ทั้ง NETA V, NETA U และ NETA S to meet the customers’ needs in different regions.

NETA Becomes the China's Leading New Energy Vehicle Manufacturer to Establish its ASEAN Business Hub in Thailand. In 2021 NETA was named ‘The Fastest Growing New Energy Vehicle Brand’ in China, with a steady growth for 26 consecutive months. In August, NETA assumed its leadership position among Chinese new automakers after EV sales reached 16,017 units, an increase of 142% compared to the same period last year. Cumulative sales from January to August 2022 were 93,185 units, with 176% year-over-year jump while September 2022 sales projected to reach more than 20,000 units. NETA also aims to export more than 50,000 electric vehicles around the world by 2023.

ASEAN region plays a pivotal role in global automotive industry growth and in NETA's international expansion plan. NETA has been growing its business in other countries around the world from the end of last year. Thailand - one of the biggest car manufacturers in the world and the biggest in ASEAN – has concrete policies to support electric vehicle ownership while gaining its position as NETA's business operation hub. Since the NETA V’s official debut to the Thai market in August, it was being well received by customers and NETA is ready to expand its business to other countries. The company will join new energy use reforms and build sustainable ASEAN automotive industry value chain so people can use 100% electric vehicles with modern technology more widely.