SITECH DEV

NaaS Records 132% YoY Revenue Growth in 1H23, Offline and Innovative Services Lead

The company is in full swing to expand its business layout globally in new energy services

Neta Plans to Enter the Brazilian Market in 2024

EqualOcean has learned that in 2024, Neta(哪吒汽车), a new force in car manufacturing under the umbrella of Hozon(合众汽车), plans to enter the Brazilian market. Recruitment for business management personnel targeting the Brazilian market has already begun.

HOZON Successfully Secures Over CNY 5 Bn in Financing

EqualOcean has learned that HOZON(合众汽车) recently announced the successful acquisition of over CNY 5 billion in financing, with major investors including Tongxiang State-owned Capital Investment Operation Co., Ltd.(桐乡市国有资本投资运营有限公司), Yichun Jinhe Equity Investment Co., Ltd.(宜春市金合股权投资有限公司), and Nanning Minsheng New Energy Industry Investment Partnership Enterprise(南宁民生新能源产业投资合伙企业).

Sitech Dev Seeks Series B+ Round of Funding

Under pressure of reduced subsidies, Sitech Dev announced a new round of fundraising.

Sitech Dev Is Going Through "EV's Winter"

Since the Chinese government reduced subsidies to the electric vehicle industry, most EV startups in China like Sitech Dev are finding their way to survive.