BEIJING (Reuters) -Zhejiang Hozon New Energy Automobile, the owner of Chinese electric vehicle brand Neta, officially entered bankruptcy proceedings on Thursday, China’s state broadcaster CCTV reported on Friday.
Multiple Neta stores in Shanghai have been closed, the report said.
According to China’s national corporate bankruptcy disclosure platform, a creditor last month filed a bankruptcy petition against the firm.
(Reporting by Qiaoyi Li, Ethan Wang and Brenda Goh; Editing by Jan Harvey)
