Neta V is now cheaper than Perodua Ativa: Would you buy one?

You can now get a Neta V EV for as low as RM55,000. The new offer comes just over a month after Neta’s local partner, Intro Synergy, announced its restructuring plan following the financial difficulties faced by the brand’s parent company, Hozon Auto, in China.

There are a number of interesting observations regarding this offer. For one, the units that are on sale are claimed to be “low mileage”, which indicates that they are likely pre-owned units, and this makes it possible for them to be sold for under RM100,000.

As far as our research can tell, Neta Malaysia only published this offer on its Facebook page, but not on its website or other social media channels.

Aside from that, this RM55,000 Neta V offer was also published by Facebook pages belonging to Careplus Mall and Neta Auto Seremban, which are owned by Intro Synergy’s minor shareholder, CarePlus Group. Hence, it is not surprising that the offer was mentioned by both entities.

The only external dealership that has shared the offer on its Facebook page is Neta Johor Bahru in Taman Desa Jaya. The Facebook page for other showrooms that we can find appears to be inactive.

Ironically, the Facebook page for Neta Glenmarie seemed to have been hacked by a Vietnamese entity. For context, Neta Glenmarie shares the same premise as per Go Auto, which is the major shareholder of Intro Synergy.

From our research, we have also learned that another dealership, KCM Automotive, has already converted its Neta showrooms in Jalan Ampang and Taman Wahyu to Jetour showrooms.

While the RM55,000 offer might sound enticing, some may find it hard to be fully confident of promises from a company that is going through restructuring. This is even though Intro Synergy has promised that it will repurchase customers’ Neta V or Neta X if spare parts are no longer available to them.

Furthermore, Neta models have recently been banned by Grab due to safety concerns. The concerns mainly came from the Zero Star safety rating that Neta V has received from ASEAN NCAP.