来源：中关村在线 依据法国现行破产法规，司法重组程序将为Nacon设定最长18个月的观察期。在此期间，所有既有债务 暂停执行，企业可在法院监督下与债权人展开协商，同步推进业务调整与经营优化。Nacon表示，启动 该程序的核心目标是最大限度维持公司持续运营，保障员工就业稳定，维护各方合法权益。 关于此次危机的成因，业内存在不同观点：有分析认为，公司近年项目质量波动削弱了市场信任与营收 稳定性；也有观点指出，母公司Bigben的财务恶化构成了不可忽视的系统性风险。对于Nacon能否顺利 渡过难关，目前尚无定论。 2026年2月25日，法国游戏发行商与外设制造商Nacon正式向里尔都会区商业法院提交破产申请，并请 求启动司法重组程序。 里尔商业法院计划于3月初召开听证会，审议并决定是否受理该重组申请。Nacon已于2月24日向员工代 表组织正式通报相关情况。 公开资料显示，Nacon曾发行WRRC系列、机械战警：暴戾之城等获得市场积极反馈的游戏作品，也曾 参与开发魔戒：咕噜等引发广泛争议的项目。近年来，其发行作品的市场反响呈现明显分化，既包含技 术扎实、口碑良好的产品，也存在部分因完成度不足而广受质疑的案例。 这一 ...

Core Viewpoint - The Thai government plans to sue Neta Auto's Thai subsidiary to recover over 2 billion Thai Baht (approximately 400 million RMB) in electric vehicle subsidies due to the company's failure to meet localization production commitments since 2022 [1][8] Group 1: Legal and Financial Issues - The lawsuit is a response to Neta Auto's non-compliance with subsidy policies, which may lead to asset freezing or seizure in Thailand [1][8] - Neta Auto's parent company, Hozon New Energy, is undergoing judicial restructuring in China, adding pressure on its Thai operations [2] - The company has faced significant financial losses, with cumulative net losses reaching approximately 18.37 billion RMB from 2021 to 2023 [2] Group 2: Market Performance - Neta Auto entered the Thai market in 2022 and achieved a market share of 11.4% in 2023, ranking second in the local electric vehicle market [3] - Despite initial success, the company's sales in Thailand have significantly declined, with only 1,067 vehicles registered in the first four months of 2025, a 37.3% year-on-year drop [7] Group 3: Operational Challenges - Neta Auto's dealer network has shrunk from over 10 to just 3 operational dealers, raising concerns about after-sales service stability [6] - Complaints from Thai customers have increased, focusing on slow repair times and parts availability, leading to some insurance companies refusing to cover Neta vehicles [6] - The company attempted to sell its Thai operations for 1.2 to 2 billion Thai Baht (approximately 265 million to 442 million RMB), but potential investors deemed the brand too risky [7]