被申请破产审查，哪吒汽车雪上加霜

Core Viewpoint - Neta Auto, facing severe financial difficulties, has been applied for bankruptcy by an advertising company, highlighting its ongoing struggles with debt and operational issues [1][2][4] Financial Situation - Neta Auto's revenue losses have expanded from 4.84 billion yuan in 2021 to 6.867 billion yuan in 2023, accumulating over 18 billion yuan in total losses over three years [3] - As of the end of 2023, Neta Auto's cash reserves were 2.837 billion yuan, significantly down from 6.757 billion yuan at the end of 2022, while its loan balance increased slightly to 5.76 billion yuan [3] Operational Challenges - Neta Auto has faced multiple operational issues, including wage arrears, layoffs, and supply chain disruptions, leading to dissatisfaction among dealers and customers [2] - Complaints from Neta Auto owners have surged, with issues related to the company's website and app, as well as difficulties in obtaining spare parts for vehicle repairs [2] Market Strategy - To alleviate its financial crisis, Neta Auto is focusing on international markets, having secured a credit line of 10 billion Thai Baht (approximately 2.15 billion yuan) to initiate local production in Thailand [3] - The company has also reached a debt-to-equity conversion agreement worth over 2 billion yuan with 134 core suppliers [3] Acquisition Rumors - There have been rumors regarding a potential acquisition of Neta Auto by Toyota, but both companies have publicly denied these claims [4]