# Hozon New Energy

Empty Factories and Lost Billions: The Collapse of Neta Auto Exposes the Perils of China’s ‘Internal War’ for EV Dominance

Neta Auto’s slide into bankruptcy restructuring has exposed billions in lost state investment and the failure of aggressive local government subsidy models. The collapse of the high-profile EV maker serves as a stark warning against the 'blind investment' that has characterized China's overcrowded automotive market.