Neta has delivered a total of 49,974 vehicles so far this year, up 213 percent from 15,966 vehicles in the same month last year.

(Image credit: Neta)

Neta is the EV brand of Hozon Auto, which was founded in October 2014. The first Neta model was launched in November 2018.

At a time when mainstream EV makers were raising prices, Neta's models also saw a price hike of RMB 3,000 ($472) to RMB 5,000 on March 18.

The price increase is substantial considering the relatively low selling prices of the company's vehicles, but it doesn't appear to have had much of an impact on demand.

Notably, China announced yesterday a new round of policies to promote new energy vehicle consumption in rural areas, and Neta's Neta V and Neta V Pro were included in the list of those eligible to participate in related promotions.