On August 29,Obsession Archives Chinese automaker Neta (also known as Hozon) announced the completion of a crossover funding round of RMB 7 billion ($960 million), without disclosing specifics regarding investors. Neta has received over ten billion RMB in investments from 2017 to 2022, according to Chinese tech news site IThome. Notable companies such as SoftBank’s Vision Fund, Abu Dhabi Investment Authority, and Qihoo 360 are some of Neta’s investors. The Zhejiang-based automaker delivered 72,456 EVs in the first seven months of 2023, compared with 77,168 units in the same period last year. [IThome, in Chinese]
