Neta Auto Secures 2.15 Billion Yuan Credit Line in Thailand for Expansion

[Neta Auto Receives Approximately 2.15 Billion Yuan Credit Line from Thai Financial Institutions]

Neta Auto announced that on March 20, it held a dealer conference in Bangkok, Thailand, and signed four significant agreements with local suppliers and financial institutions, securing a credit line of 10 billion Thai baht (approximately 2.15 billion yuan). It is reported that Neta Auto signed a cooperation framework agreement with NLTH, a professional automotive financial institution in Thailand. The two parties plan to conduct comprehensive cooperation in the wholesale and retail sectors, with a credit line of 10 billion Thai baht. Additionally, Neta Auto signed a strategic cooperation agreement with the local tolling business enterprise BGAC. BGAC is expected to continue providing production support for Neta Auto over the next five years and will commence localized production of the Neta X in July this year, aiming to establish Thailand as an export base for Neta Auto in Southeast Asia.