Source: Tech – South China Morning PostThe cutthroat competition in mainland China’s electric vehicle (EV) market threatens to sink Hozon New Energy Automobile, as the maker of Neta-branded cars faces a lawsuit from a Shanghai-based advertising agency that wants the debt-ridden company to be liquidated.
According to a document recently published on the National Enterprise Bankruptcy Information Disclosure Platform, a court in Jiaxing, in eastern China’s Zhejiang province, is reviewing the bankruptcy case after Shanghai Yuxing…Read More