Chinese EV maker Hozon kicks off operations at its first overseas factory, in Thailand, as it steps up push for Southeast Asian market share.
China’s Hozon New Energy Automobile has started assembling vehicles in Thailand at its first overseas factory as it steps up its efforts to tap the Southeast Asian market.
The Shanghai-based carmaker said in a statement to the Post on Friday that it had built the first right-hand-drive version of its Neta V-II, an electric compact sport-utility vehicle, at its Bangkok plant on Thursday, about two months ahead of schedule. Hozon is also known as Neta Auto.
“Through the Thai factory, Neta has truly integrated into the new-energy vehicle industry chain in Thailand and the entire Asean (Association of Southeast Asian Nations) region, becoming a key participant and promoter,” Zhang Yong, co-founder and CEO of Hozon, said in the statement.
“Neta is dedicated to building a complete industry chain that encompasses research and development, manufacturing, sales, and after-sales service.”
Hozon, which was founded in 2014, began building its Bangkok assembly facility in March, to focus on right-hand drive vehicles targeting the Asean markets.
The factory, which it built along with its Thai partner, Bangchan General Assembly, has an annual capacity of 20,000 units. The Neta V-II is the company’s first right-hand drive model developed for some markets outside mainland China, including Southeast Asia.
该工厂与泰国合作伙伴Bangchan General Assembly共同建设，年产能为20,000台。哪吒 V-II是该公司为包括东南亚在内的中国大陆以外的部分市场开发的首款右舵车型。
The entry-level Neta V, a left-hand drive car aimed at mainland Chinese customers, starts at 73,900 yuan (US$10,392) in China. It has a driving range of 301 kilometres on a single charge.
Neta is a variation of the name Nezha, a protection deity in Chinese mythology. The brand falls into the category of budget EVs in China, aimed at middle- and low-income drivers who prefer battery-powered vehicles to cars powered by petrol-guzzling internal combustion engines.