• Hozon

  Participated · Equity · Apr 2024

  Hozon Auto (NETA Auto brand) develops high-quality smart electric vehicles for the mass consumer market, with models including NETA GT, NETA S, NETA X, NETA AYA (NETA V-II) and NETA V. The company emphasizes “Tech for all” and “Make intelligent EVs for all,” and has developed the Shanhai Platform and the HOZI Technology brand. NETA targets mainstream A0–B segments and introduces new models each year to cover the mass market. Hozon plans to increase investment in product research and technological innovation and to expand its intelligent network research and development center. The company intends to use improved financial resources to expedite its IPO process and to facilitate expansion of its overseas scale. The announced investment is described as strengthening Hozon’s financial capabilities. Hozon New Energy Automobile is a Chinese manufacturer of electric vehicles. The company is pursuing expansion in Southeast Asia, described in reporting as a doubling down on a SE Asian foray. Financially, Hozon has secured 7 billion yuan ($960.2 million) in cross-over financing. The funding announcement followed a period in which the firm denied media reports that it planned a public listing in Hong Kong. The articles do not provide operating metrics, investor names, or detailed terms of the financing. The financing was presented alongside the company’s regional expansion efforts. Hozon Auto is a Chinese emerging electric-vehicle company that develops and sells EVs. The company closed over ¥3 billion (about $445 million) in a Series D3 tranche. That tranche raised the total fundraising scale of its Series D round to nearly ¥10 billion (about $1.5 billion). The article does not disclose participating investors or detailed terms of the financing. No operational metrics, uses of proceeds, founding year, or prior-round details were provided in the article. The report focuses solely on the size and cumulative scale of the Series D fundraising.

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