NETA Auto from HOZON completes over 2 billion financing or finish listing in Hongkong in 2022


Recently, some Chinese media reported that NETA Auto (official site:, the company owned by Hozon New Energy, has recently completed a new round of financing of more than 2 billion yuan. The main investment institutions include CRRC Fund under CRRC Group and Shenzhen Capital Group with Shenzhen state-owned assets background and so on.

This is NETA Auto’s 3rd round of financing. In October last year, NETA announced the completion of the D1 round of financing of 4 billion yuan, of which 360 Group led the investment of 2 billion yuan. In December, NETA disclosed the D++ round of financing participated by CATL, 360, and BAIC. It is reported that this round of financing is about 2 billion yuan.

Neta U Pro

After the completion of the round D financing, the valuation of NETA Auto exceeded 25 billion yuan. NETA has now opened a pre-IPO round of financing with a target valuation of about 45 billion yuan, or US$7 billion, and plans to launch an IPO in Hong Kong this year. NETA Automobile said that the official announcement of the company shall start the list plan in Hong Kong.

It is reported that NETA’s round D financing was launched in the middle of last year. During the financing period, SoftBank Vision Fund, Abu Dhabi Investment Authority, GIC (Singapore Government Investment Corporation) and Boyu Capital have all contacted NETA, and some of them are very close to the investment, but did not participate in this round due to time and other reasons.

According to the data, the delivery volume of NETA Auto in January 2022 reached 11,009 units, an increase of 402% from January 2021, and the monthly delivery volume exceeded 10,000 for three consecutive months. NETA delivered a total of 69,674 units in 2021, a year-on-year increase of 362%. Among them, the NETA V series delivered 5,280 units in December; the NETA U Pro delivered 4,847 units in December, a month-on-month increase of 62%. In 2021, among the users of NETA Auto, users from first-tier and second-tier cities account for about 64%.