Chinese EV maker Neta scrambles for lifeline as $600m Series E unravels

Chinese EV maker Neta scrambles for lifeline as $600m Series E unravels

Photo: Company website

Neta Auto, the Chinese electric vehicle (EV) startup, is teetering on the brink of collapse after a funding crisis brought production to a standstill and triggered mass layoffs, leaving its parent company scrambling for a financial lifeline amid rising debt.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter