HOZON Auto achieves 60,000-unit production volume milestone

Shanghai (Gasgoo)- HOZON Auto, a Chinese startup having the EV brand “NETA”, saw its 60,000th new vehicle roll off the assembly line on August 21 at the Tongxiang-based factory, only three and a half months after the birth of the 40,000th one.

Photo credit: HOZON Auto

It took the automaker only 17 months to hit the 10,000-unit outputs milestone since the first NETA-branded vehicle came off the production line. The cumulative production volume reached 40,000 units in May this year.

HOZON Auto said its monthly new car deliveries rocketed 492% year on year to 6,011 units in July, 90% of which were handed over to private users. For the first seven months of 2021, the startup delivered 27,115 vehicles in total, representing a 481% year-over-year hike.

There are two mass-produced models under NETA brand. The NETA U Pro, positioned as a compact all-electric SUV priced around 150,000 yuan ($23,110), features a range of up to 610km under NEDC test cycle. The company has currently backlogged orders of over 10,000 NETA U Pros and its plant is working at full capacity to satisfy users' demands.

Since the market launch in November 2020, the NETA V was continuously recording over 25% growth in monthly deliveries, said the automaker. In late June, two new versions of the NETA V, namely, the Co-loli and the Co-sport, were launched to attract more young consumers.

Besides, the NETA S, a new B-segment coupe built on a fire new car platform, is scheduled to go on sale at the end of next year.