Chinese EV maker Hozon enters bankruptcy proceedings, state media reports
Zhejiang
Hozon
New Energy Automobile, the owner of Chinese electric vehicle brand Neta, officially entered bankruptcy proceedings on Thursday, China's state broadcaster CCTV reported on Friday.
Multiple Neta stores in
Shanghai
have been closed, the report said.
According to China's national corporate bankruptcy disclosure platform, a creditor last month filed a bankruptcy petition against the firm.
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