搜尋歷史
熱門搜尋
經銷商登入 / 註冊
In mythology, what saved Ne Zha was his master Taiyi Zhenren, who constructed his body using lotus roots. In reality, the investor saving Neta Auto has named themselves"Taiyi Shenglian". This appears quite dramatic and delivers an emotional impact.
On the morning of September 11, Neta Auto's parent company Hozon New Energy Co., Ltd. (hereinafter referred to as "Hozon New Energy") held its fourth creditors' meeting in bankruptcy reorganization via online format to vote on the "Restructuring Plan (Draft)". Zhejiang Taiyi Shenglian Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as "Taiyi Shenglian"), as the restructuring investor, plans to invest 3 billion yuan for restructuring investment and obtain approximately 70.62% of Hozon New Energy's equity, mastering the operating control rights of the enterprise after restructuring.
According to the content of the "Restructuring Plan (Draft)", the 3 billion yuan that Taiyi Shenglian intends to invest will be used in two parts: 1.167 billion yuan will be used to repay relevant claims corresponding to assets to be retained and bankruptcy expenses; the remaining 1.833 billion yuan will be used to supplement Hozon New Energy's working capital, supporting its operation and development after restructuring.
It is understood that the ordinary claims in this Neta Auto restructuring amount to 11.7 billion yuan, involving over 1,600 households; priority claims amount to about 2.2 billion yuan, involving 9 households. Regarding repayment methods, for ordinary claims below 800,000 yuan, the repayment rate is about 12%, paying 10,000 yuan within the first 12 months, and paying the remaining approximately 80,000 yuan within two years, with excess amounts converted into equity; priority claim amounts remain unchanged, paying interest for the first three years and repaying principal starting from the fourth year.
In terms of asset disposal, the "Restructuring Plan (Draft)" also clearly states that this restructuring will retain core assets related to Neta X and Neta L, while equipment related to Neta S and Neta GT will be disposed of as non-core assets. Some media reports stated that Taiyi Shenglian's management team possesses automotive industry operation and bankruptcy restructuring experience and had managed the restructuring of listed companies in the parts industry.
The mastermind behind the Taiyi Shenglian company is actually Shanzi High-Tech, a company transformed from a traditional real estate enterprise to high-end manufacturing, which previously entered whole vehicle manufacturing by acquiring Hebei Hongxing Automobile Manufacturing Co., Ltd. and cooperating with the Harbin Municipal Government to establish Heilongjiang Yunfeng Automobile, but the automotive business progress was not smooth.
During Hozon New Energy's public recruitment for restructuring investors in August 2025, Shanzi High-Tech was the sole prospective investor and paid a security deposit of 50 million yuan. Taiyi Shenglian is indeed the entity specifically established by Shanzi High-Tech for this restructuring. Qichacha shows that this company was registered in April 2026, established as a partnership by Zhejiang Shanzi Holding Co., Ltd. and Zhejiang Shanzi Yuxu Technology Co., Ltd., with the actual controller being Ye Ji, chairman of Shanzi High-Tech, and registered capital of 3.001 billion yuan.
The "Restructuring Plan (Draft)" also planned a "Three-Step" strategy for Neta Auto:
Step 1: Restart Neta X model production, mainly targeting overseas markets, with a target annual sales volume of 10,000 units. Retaining production qualifications is the most critical task for Neta Auto at present. From November 2024 until now, Neta has not produced for two years. If production is lower than 2,000 vehicles for two consecutive years, it might be listed on the Ministry of Industry and Information Technology Special Publicity List. That is to say, Neta must achieve production resumption within the next 4 months. The Neta X proposed to restart production first is exactly the main model for Neta Auto's previous overseas expansion. The "Restructuring Plan (Draft)" discloses that the model has already received some intention orders.
Step 2: Develop adapted models for markets such as Asia, Africa, Latin America, with a target annual production of 300,000 units to further amplify overseas market advantages.
Step 3: Build global intelligent models, aiming for an annual output value of 40 billion yuan, and start IPO preparation work.
However, the "Restructuring Plan (Draft)" did not propose a clear timeline for the "Three-Step" strategy. Judging from the "Three-Step" strategy, Neta still chooses to break through through overseas markets. This is easy to understand, because the competition in the domestic market is no longer the same as before. Whether in brand reputation, technological reserves, or channel coverage, Neta no longer possesses competitiveness in China. However, overseas is not a blue ocean either. With the pressure on domestic market sales, domestic independent automakers are going overseas in batches, including Neta's previous overseas market Thailand, where EV competition is becoming increasingly intense. It is relatively difficult for Neta to break through with an old model.
Additionally, the draft also mentions that Neta Auto will rebuild confidence in upstream supply chain cooperation, restore official spare parts supply, fully restart after-sales maintenance and repair, and activate existing service networks. For the approximately 400,000 Neta car owners nationwide, this is the most practical positive information.
However, it needs to be noted that Taiyi Shenglian company's 3.001 billion yuan registered capital is currently in the subscribed state, not paid-in. Furthermore, the voting results of this "Restructuring Plan (Draft)" have not yet been released.
This means that before the money actually arrives, everything still remains uncertain. HiPhi Auto serves as a cautionary tale. After repeatedly being let down by the Saudi Investment Department and iAuto Group, in 2025, the Lebanese company EV Eletra and Neta's parent Human Horizons established Jiangsu HiPhi Auto Co., Ltd., announcing an investment of 600 million USD (including 100 million USD deposit). Just when the outside world thought the restructuring was stable, this money never arrived on time, eventually falling through, and HiPhi's revival ended with nothing.
Even if the 3 billion yuan arrives smoothly, only 1.833 billion yuan can truly be used for operational infusion. For car manufacturing, this is just a drop in the bucket. For example: NIO Chairman Li Bin raised the threshold for car manufacturing from 20 billion yuan to 40 billion yuan in 2021. In the first half of this year, only Leapmotor among the new forces achieved profitability. Li Auto, which was profitable first, had a net loss of 3.994 billion yuan in the first half of this year, Xpeng lost 3.12 billion yuan, and NIO lost 0.86 billion yuan. Even these top new forces are still struggling on the line of profit and loss, and Neta wants to stand firm, needing continuous capital infusion later.
