Neta delivered 11,080 vehicles in April, bringing its cumulative deliveries since inception to 285,305, according to data monitored by CnEVPost.

(Image credit: Neta)

Neta Auto, the electric vehicle (EV) brand of Hozon Auto, saw its 300,000th production vehicle roll off the line today, marking an important milestone in the company's history.

Neta saw its 100,000th vehicle roll off the line in January 2022. The company delivered 152,073 vehicles last year, up 118.26 percent year-on-year.

The latest milestone comes 16 months after it rolled off the line its 100,000th vehicle.

Neta has been seen as a budget EV maker since its inception in 2014, as its vehicles are priced primarily at the lower end of the market, with the previous main sellers Neta V and Neta U priced at around 100,000 yuan ($14,080).

Neta's flagship sedan, the Neta S, is its first effort at the premium end of the market, with the model primarily targeting a price range of RMB 200,000 to 300,000.

The Neta GT sports car was launched on April 18 with a starting price of RMB 178,800 to RMB 227,800.

Neta delivered 11,080 vehicles in April, bringing its cumulative deliveries since its inception to 285,305 units, data monitored by CnEVPost shows.

The company is expected to announce May's delivery figures on June 1.

Neta is targeting sales of 300,000 units in 2023, local media China Securities Journal reported on February 7.

Neta opened its global headquarters in Shanghai on May 29, as it tries to build a more premium brand image.

Previously it had a Shanghai headquarters in the Minhang district of Shanghai. It has a design center in Beijing and a factory in Tongxiang, Zhejiang province.

($1 = RMB 7.1037)

Neta begins deliveries of electric sports car Neta GT, less than 1 month after launch