On November 22, Nezha Auto announced that its Indonesian subsidiary, in partnership with PT Surya Mobil Abadi, officially unveiled its latest 3S dealership in the Pluit area of North Jakarta. This marks a new milestone for Nezha Auto after its early efforts to establish a foothold in the Indonesian market.
In October last year, Nezha Auto announced its full-scale entry into the Indonesian market. The Nezha V was launched as its first model in Indonesia, priced at IDR 3.79 billion (approximately RMB 170,000) at the time.
The following month, in November, Nezha Auto signed a cooperation agreement with PT Handal Indonesia Motor (HIM), a leading Indonesian electric vehicle manufacturer. According to the agreement, Nezha Auto's products will begin local assembly in Indonesia in the second quarter of 2024, marking significant progress in its market expansion efforts.
Currently, Nezha Auto operates 11 active 3S and 4S dealerships across Indonesia. The company has stated its goal to establish over 20 dealerships in Indonesia by the end of the year, offering more comprehensive services to customers.
Beyond Indonesia, Nezha Auto has expanded into South America, Africa, and the Middle East, earning recognition from over 460,000 users.
In March of this year, Nezha Auto began mass production at its KD factory in Thailand. In June, its Indonesian factory officially commenced localized mass production.
It is reported that PT NETA Auto, an Indonesian electric vehicle manufacturer, began localized production in CKD form at the PT Handal Indonesia Motor (HIM) factory in West Java's Bekasi.
On June 26, Nezha Auto opened its first flagship store in Africa, located in Nairobi, Kenya. This was the first store established by a new energy vehicle company in Africa's right-hand drive market and marked Nezha Auto's entry into the African market.
In October, Nezha Auto launched its globally popular model, the NETA X, in Uzbekistan, its first stop in Central Asia, and held a delivery ceremony for the first group of owners.
Regarding its future overseas expansion plans, Nezha Auto stated that it will continue to deepen its presence in the Southeast Asian market while actively exploring markets in Latin America, the Middle East, Africa, and Europe.
