HOZON NEW ENERGY AUTOMOBILE CO.LTD

Established in 2014 and based in Shanghai, China, HOZON NEW ENERGY AUTOMOBILE CO. LTD, is a vehicle manufacturing company that focuses on the research, development, production, and sales of electronic vehicles. It has three vehicle production bases in China, located in Tongxiang, Yichun, and Nanning and has set up a subsidiary in Brazil. The company established an R&D center with the Tsinghua Yangtze River Research Institute in 2015.

In April 2024, the company raised over CNY 5 billion in strategic investment from new investors Tongxiang City Construction Investment Group Co. ltd and Minsheng Equity, and returning investor Yichun Jinhe Equity Investment. In September 2024, HOZON raised CNY 1. 3 billion in a strategic investment.

HOZON's main products include electronic vehicle NETA X, NETA GT, NETA S, and NETA AYA. The NETA X is equipped with the intelligence driving assistance system PIVOT, which supports Automatic Emergency Braking (AEB), Blind Spot Monitoring (BSD), and other driving assistance. Its price ranges from CNY 99,800 to CNY 124,800. The NETA GT is equipped with the AEB, Lane Change Assist (LCA), and other intelligent driving assistance functions.

The company's sales channels include direct stores, and franchise stores, which covered 27 provinces and 147 cities. The company generates revenue by providing electric logistics vehicles, pure electric passenger cars and other new energy vehicles. The company will use the strategic investment for import services, and charging facility construction. The company also plans to expand the number of dealers to 30 by the end of the year and start planning to build a KD assembly plant.