Neta Auto, the electric vehicle (EV) brand of Chinese company Hozon Auto, has launched a new model, the Neta X, bringing a lower price tag and a high-end cockpit chip used only in flagship models.

Neta launched the model, a facelift of the previously available Neta U-II, at an event today. The approach is similar to the company's launch of the Neta Aya, a facelift of the Neta V, in August.

The Neta X is offered in four variants with starting prices of RMB 126,800, RMB 136,800, RMB 136,800 and RMB 146,800 respectively.

For comparison, the previously available Neta U-II is also available in four versions, with starting prices of RMB 135,800, RMB 142,800, RMB 153,800 and RMB 165,800 respectively.

This means that the starting price of the entry-level version of the Neta X is RMB 9,000 lower than the starting price of the entry-level version of the Neta U-II.

Neta is also offering a limited-time entitlement, where customers who pay RMB 2,000 to order the Neta X before November 30 will receive a RMB 18,000 discount.

The Neta X measures 4,619 mm in length, 1,860 mm in width and 1,628 mm in height, with a wheelbase of 2,770 mm. It is powered by a permanent magnet synchronous motor with a maximum power of 120 kW and a top speed of 150 km/h. The Neta X's CLTC range consists of two options -- 401 km and 501 km.

The model comes standard with a Qualcomm Snapdragon 8155 cockpit chip as well as a Journey 3 smart driving chip from local Chinese chipmaker Horizon Robotics.