At least 5 billion will be invested!Nezha Automobile's IPO is expected?

On the evening of April 15, learned that Hezhong Automobile, the parent company of Neta Automobile, announced that it had received an investment of at least 5 billion yuan to help accelerate the IPO process of Nezha Automobile and expand R&D investment.

It is reported that Nezha Automobile signed a joint agreement with Tongxiang State-owned Capital Investment and Operation Co., Ltd., Yichun Jinhe Equity Investment Co., Ltd. and Nanning Minsheng New Energy Industry Investment Partnership.

According to the agreement, the signatories will further enhance the financial strength of Hezhong Automobile, jointly provide a total investment of no less than RMB 5 billion to Hezhong Automobile, coordinate relevant resources, support Hezhong Automobile to achieve IPO as soon as possible, continue to increase investment in product research and development and technological innovation of Hezhong Automobile, expand the intelligent network R&D center, and promote the expansion of Hezhong Automobile's export scale.

Recently, Neta Automobile has been receiving good news. Gasgoo reported that on March 20, at the "Key Enterprise Partner Signing Ceremony" held in Hong Kong, Nezha Automobile became a key enterprise partner of the Hong Kong government, and the latter will provide Nezha Automobile with a subsidy of 200 million Hong Kong dollars and assist in the cornerstone round investment of 200 million US dollars

It is reported that Neta Automobile has set up an overseas center in Hong Kong, and is establishing an overseas intelligent R&D center and big data center as planned, developing localized intelligent new energy vehicles around the characteristics of overseas users, and also plans to build a production plant in Hong Kong to assist Hong Kong and the mainland industry to link up and promote the rapid development of the new energy intelligent vehicle industry in the world.