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Chinese electric vehicle (EV) start-up Hozon New Energy Automobile expects its sales outside mainland China to jump five-fold in 2024 as the country's increasingly confident carmakers look to international sales to counter slowing growth at home. The Shanghai-based maker of Neta-branded cars, aims to deliver a total 100,000 units in 60 overseas markets this year, mainly in Southeast Asia, as it starts operations of assembly plants in Thailand and Indonesia, according to vice-president Zhou Jiang

The Shanghai-based maker of Neta-branded cars aims to deliver 100,000 units in 60 overseas markets this year, mainly in Southeast Asia.

The Shanghai-based carmaker said the ET9, an executive sedan with a host of cutting-edge technologies it has developed, will be priced at about US$112,151, and is expected in the first quarter of 2025.

The decline resulted from deflationary pressure on the Chinese economy as sluggish domestic demand continued to plague the consumer market, said Eric Han, a…

MLCommons said the results highlight performance gains of up to 2.8X compared to 5 months ago and 49X over the first results five years ago, [...]