Automotive Author: EqualOcean News, Xiangru Chen Nov 17, 2021 01:38 PM (GMT+8)

The automaker also stated that the process of the next round of financing has also started and will be officially completed soon.

Nezha car

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.

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.

And the market prospects of the network security and intelligent networked automobile industry, and investors also include CCB International, CF Securities, YF Capital Ventures and Hong Kong based investment company Shenyang Venture Capital.

The above announcement also shows that, with 360 Security's 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 Automobile 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 4%, ranking firmly among the top four new car-making forces in China. 

According to the firm, Nezha S, the first coupe model will be released before the end of 2021 with an estimated price of about CNY 200,000.