Bangkok, September 28, 2022 - NETA continues to accelerate its global expansion plan and officially entered the Israeli market by signing a strategic partnership with Blilious Group, a leading Israeli conglomerate. This is the first time that NETA U and NETA V made an official debut in the Middle East after the successful launch of the NETA brand in ASEAN.

Mr. Wang Chengjie, Vice President of Hozon New Energy Automobile Co., Ltd., said, “NETA has started its global business plan by introducing electric vehicles that come with intelligent and innovative technology to people from around the world. Since the launch of NETA V in Thailand in August, the NETA brand has been gaining its popularity among local consumers. Our partnership with the Blilious Group will help expand the NETA brand in Israel and mark another milestone towards NETA's goal of providing people all over the world with equal access to electric vehicle technology.”

Mr. Dani Blilious, founder of the Blilious Group, emphasized about the strategic partnership with NETA, “NETA has technological expertise and provides unique, innovative, and high-quality products. I am confident that NETA's products and vision will drive the brand to become a leader in the Israeli automotive industry and achieving international success.”

Israel is among the developed countries with relatively high economy, technology, and consumption. Over the past years, the Israeli government has fully supported the import of new energy vehicles. Starting from 2035, Israel will completely ban imports of gasoline and diesel vehicles. Imported cars will be limited to electric or natural gas vehicles. In 2021, the sales volume of 100% electric cars in Israel is 10,935 units, an increase of 686%, with 3.7% market share. In 2022, Electric vehicle sales volume will reach 17,800 units, with 5.9% market share.

Government policies and market opportunities facilitate electric vehicle entry from China and the collaboration between NETA and Blilious Group, a leading global transportation company, will help drive NETA's global expansion as well as enhance the reputation of Chinese car brands that can compete on the global stage.