Nezha Auto receives 5 billion yuan investment to accelerate IPO process

Nezha Auto recently received an investment of 5 billion yuan to accelerate the IPO process and expand production and R&D. This is the second round of financing for Nezha Auto in the past month. Previously, Nezha Auto had signed a contract with the Hong Kong government to become a key corporate partner and received a subsidy of 200 million Hong Kong dollars and a cornerstone investment of 200 million US dollars. Despite the twists and turns in the IPO process caused by the change in the capital environment, after the financing was received, Nezha Auto once again made a strong effort for the IPO.