Nashi Automobile launched 3 billion yuan of D-round financing to lead the investor to officially enter into car building.

Published: Apr 27, 2021 13:12

On April 26th, Naha Automobile announced the launch of D-round financing, with a financing amount of about 3 billion yuan. Internet security leading company 360 (hereinafter referred to as "360th") strategically led this round of financing. after the completion of all the investment, 360th is expected to become the second largest shareholder of Naga Automobile.

It is worth mentioning that during the 2021 Shanghai Auto Show, Zhou Hongyi, the chairman of 360th, led a team to the Nahan auto booth. And Nahu automobile insiders said that 360 has been in contact with both sides of Nahu for more than two months, and Zhou Hongyi himself led a team to visit Nahu car not long ago to conduct research on Nahu car factory and experience which car products.

According to the data, Nahu car was founded in October 2014. at present, there are two models on sale, namely, the V and the U Pro, with cumulative sales of more than 35000 units. In the first quarter of 2021, Nahu sold 7443 cars, an increase of 390% over the same period last year, of which the outstanding order of Nezhu V exceeded 4000 units, and the order of Nathan U Pro has exceeded 5000 units since it was announced on April 19th.

In December last year, Nahan announced that Huading Capital would lead 2 billion yuan in round C financing. In March this year, Naha announced that it had won a comprehensive credit line of 5 billion yuan from CITIC Bank, which will mainly be used for the research and development of intelligent technologies such as its intelligent cockpit and intelligent driving. Tianyan survey data show that, coupled with this financing of D-round, Hezhong New Energy has raised a total of 6 rounds of financing, with a total of more than 9.25 billion yuan in public financing.

In the view of the industry, behind the introduction of D-round financing as a new shareholder is the ambition of Naha Automobile impact Co., Ltd. to create a board IPO and become the first echelon of the industry. In July last year, Naha announced that it planned to go public in Science and Technology Innovation Board this year. Zhang Yong, CEO of Naha Automobile, said in an interview with the media at the 2021 Shanghai Auto Show: "Nashi Automobile does not rule out overseas financing, but it is still dominated by Science and Technology Innovation Board."

On the other hand, under the background that Baidu, Ali and other Internet companies have come off to build cars, 360 strategic investment in Nahan Automobile is also regarded as another big move for Internet giants to invest in building cars.

As an Internet and security service provider, it has 360 Security Guards, 360 Mobile guard, 360 secure browsers and other security products and applications, covering online advertising, games, Internet and other fields. In the automotive field, 360 provides more hardware business. At present, 360 has hardware products such as driving recorders and streaming media rearview mirrors on sale. The emergence of new energy smart cars has brought many new opportunities to 360.

Zhou Hongyi, founder of 360, once said publicly that new energy smart cars are nothing more than a mobile phone with four wheels, which is why the safety of smart cars is particularly important. It is understood that, in addition to some hardware products, 360 is laying out intelligent driving safety and vehicle network safety. Relevant reports show that 360 safety brain has been connected to more than 1 million cars and discovered and intercepted risks more than 100000 times.

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