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Bankrupt NEV upstart Neta faces lawsuits and potential subsidy clawback in Thailand

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China’s new energy vehicle (NEV) industry shake-up is starting to be felt across the globe. On Friday, Reuters reported that struggling Chinese NEV startup Neta is facing lawsuits from local dealerships in Thailand over unpaid debts.

The Thai government is also considering clawing back USD 6.15 bil...



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