Shanghai (Gasgoo)- HOZON Auto, owner of China’s New Energy Vehicle (“NEV”) brand NETA, signed an agreement with Huaxia Bank’s Shanghai branch a few days ago to carry out comprehensive strategic cooperation in areas such as conventional finance, supply chain finance, investment bank investment business, cross-border business, bond investment, digital finance business and automotive consumer finance.
Through the partnership, the Shanghai branch of Huaxia Bank will provide HOZON Auto with a 6 billion yuan ($887.85 million) line of credit to support the automaker in business operations, production and system construction. sales and service.
Photo credit: HOZON Auto
HOZON Auto saw its monthly deliveries hit a new high of 14,037 units in July 2022, soaring 133.5% year-on-year, while also increasing 6.7% month-on-month the other. It was notably the champion among Chinese NEV startups by delivery volume of the month.
On the last day of July, the automaker saw its all-new flagship model, the NETA S, hit the market. With eight trim levels, the new model costs from 199,800 yuan to 338,800 yuan ($29,610 to $50,210).
The electric vehicle maker is improving the quality of its products by partnering with major tech companies. HOZON Auto announced on August 2 the cooperation with BlackBerry to jointly promote the application of intelligent technologies in car driving, car cockpit and other scenarios. He selected BlackBerry QNX technology to power the NETA S.
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