The automaker also stated that its next round of financing has also started and will be completed soon.
The news was announced via Investment bank Index Capital's official WeChat channel which also served as the financial advisor of the deal.
Chinese internet security firm 360 Security led the investment with a staggering CNY 2 billion infusion of funds.
360 Security said that the proposed investment in Nezha Automobile this time is mainly based on the good development opportunities and market prospects of the network security and intelligent networked automobile industry.
Other investors included CITIC Securities, CCB International, GF Venture Capital and Shenwan Hongyuan.
The above announcement also shows that with 360 securitys' strategic investment it intends to use intelligent networked car safety as the cornerstone and its accumulation and experience in the fields of network security, intelligent hardware security, and Internet of Vehicles security will empower the automaker.
Currently, Nezha Auto has two models on sale, Nezha U Pro and Nezha V. In the first nine months of 2021, the total sales of the two models reached 41,400, a year-on-year increase of more than four times, ranking firmly among the top four new car-making forces in China.
According to the firm, Nezha S, the first coupe-type SUV will be released before the end of the year, with the estimated price set at about CNY 200,000.