Nezha Automobile (Thailand) Co., Ltd. is in serious financial difficulties

According to data from Creden Data, a subsidiary of the Department of Business Development of Thailand, Nezha Automobile (Thailand) Co., Ltd. fell into serious financial difficulties in 2023, with a net loss of 1.80856 billion baht. Although total revenue increased by 331.18% year-on-year to 6.3217 billion baht, the surge in sales costs and the increase in sales and administrative expenses caused the company's total expenses to far exceed total revenue.