Singapore dealer for China’s Neta EV shuts down after cars fail to arrive for months: sources
It is not the first time that concerns were raised about deliveries from the China carmaker
Add BT as a preferred source
[SINGAPORE] Evology Automobile – the dealer/distributor for China automotive brand Neta – closed abruptly earlier this month after the expected delivery of the cars did not take place, The Business Times learnt.
Industry sources told BT that Evology’s management decided not to continue operations when its initial shipment of Neta cars did not arrive after months of delay.
The number of vehicles ordered and the total cost is not known.
TRENDING NOW
Why China is tightening controls on overseas stock trading
Xi Jinping has just rewritten the rules of US-China rivalry
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
