Lead
February 21,
The celestial eye check shows that
Nezha Automobile has recently completed a new round of financing of more than 2 billion yuan,
It also plans to go to Hong Kong for an IPO within this year.
According to reports, a new round of financing of more than 2 billion yuan has been completed recently, and the main investment institutions include CRRC Fund, a subsidiary of CRRC Group, and Shenzhen Venture Capital, which is backed by state-owned assets in Shenzhen.
According to public information, United New Energy was established in Tongxiang City, Zhejiang Province in October 2014, obtained the production qualification of new pure electric vehicles in April 2017, released its automobile brand Nezha Automobile in 2018, and launched the first mass production car Nezha N01 at the end of that year.
Different from the new force of head car manufacturing "Wei Xiaoli", at present, several models launched by Nezha Automobile mainly focus on the low-end market below 100,000 yuan.
By the end of 2021, Nezha Automobile has completed 7 rounds of financing, with a total financing of more than 13 billion yuan. If the 2 billion yuan financing lands, the financing amount of United Automobile will exceed 15 billion yuan.
According to the late Post report, Nezha Auto is valued at more than 25 billion yuan. Nezha has now started a Pre-IPO round with a target valuation of about RMB45 billion, or US$7 billion, and plans to launch an IPO in Hong Kong this year.
It is worth noting that in the past two years, Nezha automobile has made frequent moves.
In May 2021, Zhou Hongyi, founder of 360 Group, announced that 360 Group will strategically invest in Nezha Automobile, in addition to financial support, 360 will also carry out business cooperation with Nezha Automobile in the field of intelligent networking and other fields.
On November 8, 2021, CATL officially signed a strategic agreement with Nezha Automobile, a new car-making force. CATL will participate in the D2 round of financing, strategically invest in Nezha Automobile, and fully open strategic cooperation in the fields of technology research and development and supply chain assurance.
Since the second half of 2021, Nezha has opened the "open and hang" mode, and its sales have grown rapidly, becoming a well-deserved "dark horse" in the new forces of car manufacturing. Monthly deliveries ranked among the top three new car-making forces in May, August and September last year, with momentum approaching the first echelon of Weilai, Xiaopeng and Ideal; last year, Nezha's cumulative delivery volume ranked fourth in new car-making, with a year-on-year growth rate of 362%.
In January this year, Nezha's sales continued to be strong, with deliveries of 11,000 units, surpassing Weilai after Xiaopeng and Ideal, and the monthly delivery exceeded 10,000 for three consecutive months.
During the Guangzhou Auto Show in November 2021, Daniel Zhang, CEO of Nezha Automobile, said that Nezha Automobile plans to launch three models by 2025. Nezha Automobile also wants to export overseas, aiming to reach the scale of 100,000-200,000 units in 2025, while the sales target in China will exceed 500,000 units. In addition, Nezha Automobile plans to officially launch Nezha S this year and enter the 200,000 yuan level market, hoping to upgrade the brand.