Neta's debt-for-equity swap failed; investors want CEO ousted

哪吒汽车的“债转股”方案未能成功， hindering its efforts to secure new funding and potentially leading to leadership changes. The plan to convert approximately 3 billion yuan of debt into equity failed, with suppliers only agreeing to convert around 2 billion yuan. Investors are now reportedly considering removing founder Fang Yunzhou from his CEO position. This development follows previous reports of financial difficulties and strategic adjustments at Neta, including a push for global expansion and efforts to improve profitability.