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
[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
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
HDB reviewing ‘jumbo’ flat scheme after Telok Blangah unit listed for sale at S$2.18m
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Singapore judge raises doubts iron ore trader Radiant World is owed US$1 billion