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Hozon

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2024

    Neta Auto Halts Production, Owes Over 5,000 Employees RMB 460 Million, Enters Bankruptcy Reorganization

    Neta Auto's Tongxiang, Yichun, and Nanning plants have been suspended since October 2024; as of end-August 2025, it owed about 5,000 employees approximately RMB 460 million in wages and compensation, with only about RMB 15 million in cash on its books, and nearly 500,000 car owners had their vehicle internet connectivity 'cut off' and needed to buy data plans at their own expense. Hozon New Energy entered bankruptcy reorganization in June 2025, and a 2026 reorganization draft plan proposed that Taiyi Shenglian invest RMB 3 billion for approximately 70.62% equity. In the bankruptcy reorganization, employee claims are to be repaid in installments.

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