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Neta woes posing threat to dealers
Bangkok Post
|June 10, 2025
Troubles facing ailing Chinese electric vehicle (EV) maker Neta could have a drastic spillover effect on Thai car dealers, possibly forcing them to shut down, while insurance companies may choose to collect premiums directly from policyholders, says Allianz Ayudhya General Insurance (AAGI).
AAGI chief executive Lars Heibutzki said the risk profile for EV insurance is increasing.
Claims for EVs tend to be 50-60% higher than for traditional vehicles, mainly due to expensive battery replacements and specialised repair work.
EVs also involve unique risks such as battery fires and cybersecurity concerns, he told the Bangkok Post.
AAGI is adjusting its underwriting and pricing to manage these risks. At the same time, the company remains committed to supporting EV adoption in Thailand, aligning with the country’s sustainability goals, said Mr Heibutzki.
Neta Auto Thailand recently clarified that its parent firm — Hozon Auto — is pushing ahead with reforms, partly by turning the company’s debt into shares for creditors as well as raising funds to ease the company’s financial shortcomings.
Denne historien er fra June 10, 2025-utgaven av Bangkok Post.
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