NETA Auto CEO and founder Zhang Yong posted a poster on social apps. NETA has completed a D1 round of financing of 4 billion yuan, with 360 Group leading with 2 billion yuan investment.

Jianyin International, CITIC Securities Investment, GF Venture Capital, Shenwan Hongyuan Hong Kong’s New Energy Industry Fund, etc. participated in this round of financing.

On the evening of October 26th, 360’s main company, 360 Security Technology Co., Ltd. also issued an announcement, intending to invest RMB 2.9 billion of free funds to acquire shares in HEZHONG New Energy Automobile Co., Ltd.

On May 10th this year, 360’s official Weibo announced that it would collaborate with the new carmaking force NETA Auto in car production. Given 360’s strong technical accumulation in information technology security, people are also looking forward to the subsequent joint product as soon as possible.

Source: NETA Auto

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.