Hozon Auto Receives over CNY 2 Bn in Series C Round

Automotive Author: Fuller Wang Dec 02, 2020 01:43 PM (GMT+8)

The popular new electric vehicles company has been focusing on the intelligent safety features of its cars – it has achieved an accumulative sales figure of over 30,000.


On December 2, 2020, Hozon Auto (Chinese: 哪吒汽车) announced that HD Capital had invested CNY 2 billion to lead the company’s series C round financing. According to the founding team, this round of financing was recognized by many well-known investment institutions. The Series C round will largely surpass the original plan of CNY 3 billion and will be closed successfully soon. HD Capital has been focusing on the strategic investment in the electric vehicle industry chain, and it managed to reach nearly CNY 50 billion in the fund.

In its commitment to making high-quality intelligent electric vehicles both safe and accessible, the company has developed several industry-leading technologies, including a 'transparent' front pillar, and a 'vehicle vital signs' monitoring system. Three electric vehicle products of the company are on sale, NeZha N01, NeZha U, and NeZha V, and the sale amount has added up to 30,000.

 In 2020, the electric vehicles sector has attracted a lot of attention. Only in November, the stock price of XPeng (XPEV: NYSE) moved up by more than 260%, Li Auto's (LI: NASDAQ) stocks price increased over 110%, while NIO (NIO: NYSE) rose over 70%.