financial troubles
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Nezha Auto CEO Confronted by Employees Over Unpaid Wages
Neta Auto, a Chinese EV startup, faces mounting financial struggles. Employees reportedly confronted the CEO demanding overdue wages, as captured in social media videos. Legal filings reveal significant execution orders against the company, exceeding 150 million yuan in outstanding execution cases. Despite initial growth, increased competition has led to a sales decline, painting a grim picture of the company’s current financial health.
