Hezhong Automobile has received at least 5 billion yuan of investment

You may have heard about the recent investment received by Hezhong Automobile, the parent company of Nezha Automobile. The company has secured at least 5 billion yuan of investment and is planning to go public as soon as possible.

During a signing ceremony, representatives from various investment and shareholder units, including Tongxiang State-owned Capital Investment and Operation Co., Ltd., Yichun Jinhe Equity Investment Co., Ltd., Nanning Minsheng New Energy Industry Investment Partnership, Beijing Huading New Power Equity Investment Fund, Chengdu Hongjing Technology Co., Ltd., and Ningbo Meishan Bonded Port Area Aspiration Investment Co., Ltd., signed a joint agreement on the high-quality development of Hezhong Automobile. The agreement aims to enhance the company's financial strength, support an IPO, increase investment in R&D and technological innovation, and expand the intelligent network R&D center.

It is worth noting that Hezhong New Energy Vehicle Co., Ltd. owns the Nezha Automobile brand and was established in October 2014. The company plans to deliver 8,317 units of its entire series in March 2024. Additionally, the new Nezha L will be launched on April 20 and delivered as soon as it is launched.

However, the Tongxiang factory, where Nezha Automobile is produced, is currently undergoing reconstruction and expansion projects, which may impact production in March and April. Officials expect to gradually increase production capacity from mid-to-late April, with an annual production capacity of 200,000 vehicles.

This investment and IPO plan are expected to have a positive impact on Hezhong Automobile and Nezha Automobile, with increased financial resources and support for growth and development.

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