SHANGHAI, Oct. 25, 2023 /PRNewswire/ -- In a rapid step towards globalization, NETA Auto has embarked on tours in two more countries this week. The exciting debut of NETA V in Indonesia and Malaysia brings a new era of smart electric vehicles to consumers in both nations. With its exceptional design, cutting-edge technology and commitment to green intelligence, NETA has quickly gained favor in the Southeast Asian market, marking an important milestone in the future implementation of its global strategy.
Since making a strong impression at the GAIKINDO 2023 Indonesia International Motor Show in August, NETA has become a prominent star in the Indonesian consumer market. At the grand launch event held in Jakarta on October 24, NETA officially announced the start of comprehensive sales in Indonesia. Leveraging key technologies in core areas such as innovative design and smart technology, it aims to meet the smart mobility desires of Indonesian consumers. More than 200 attendees participated in the event, including NETA Vice President and President of the Overseas Business Department Zhou Jiang, other executives, as well as partners and Indonesian media representatives.
Furthermore, to consolidate its position in the Indonesian market, NETA has opted for close collaboration with local partner PT Handal Indonesia Motor. The plan is to start localized production of products in Indonesia from the second quarter of 2024. Representatives from the media and business community present at the event expressed that NETA's diverse product line and cutting-edge innovative technologies will make it the preferred choice for electric vehicle consumers in Indonesia.
Also this week, NETA, in collaboration with Go Auto Group, held the launch ceremony for NETA V in Putrajaya, Malaysia. The event was held in one of the largest shopping malls in Malaysia for 5 days starting from the 25th. Nearly 100 media representatives and partners attended the launch ceremony on the first day of the event.
In recent years, the pure electric vehicle market in Malaysia has seen rapid growth. With its remarkable performance in both domestic and overseas markets, NETA Auto is set to introduce a series of classic models to the Malaysian market, offering local consumers a wider range of choices. The launch ceremony marks that NETA Auto has officially joined the green mobility force in Malaysia, making a positive contribution to the promotion of intelligence and green mobility.
Starting in Thailand in 2022, NETA took its first solid step towards global development. Last year, NETA achieved annual sales exceeding 150,000 vehicles, placing it at the forefront of new energy vehicle companies in China. In 2023, NETA fully launched its overseas operations, and in just over a year, the company's market share in the pure electric vehicle market in Thailand approached 20%. Beyond Southeast Asia, NETA is gradually entering markets in the Middle East, North Africa and South America.
In 2024, NETA plans to establish a global sales network covering 50 countries, with 500 overseas sales and service outlets, contributing to its goal of achieving overseas sales of 100,000 vehicles over the next year. NETA is really making waves as it launches onto the international stage.
Guided by the value of "Technology for All", NETA Auto's entry into international markets is not simply about selling products, but also about conveying the philosophy that high-quality smart electric vehicles should be accessible to everyone. By accelerating its presence in international markets, NETA will continue to meet global demand for high-quality electric vehicles and contribute to the advancement of sustainable mobility around the world.
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