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Neta Auto enters bankruptcy as worker wages go unpaid

Once-promising OEM Neta owes CN¥18.3bn after deliveries fell from 152,000 to 110 units in just three years. By Stewart Burnett

Struggling Chinese automaker Neta Auto has entered bankruptcy reorganisation proceedings following months of unpaid wages and mounting debts. More than 100 employees confronted Chairman Fang Yunzhou at the company's Shanghai office on 11 June, demanding salaries owed since November 2024.

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