Hozon Auto
Founded Year
2014Stage
Series E | AliveTotal Raised
$4.525BLast Raised
$961.9M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-57 points in the past 30 days
About Hozon Auto
Hozon Auto specializes in the development and manufacturing of electric vehicles within the automotive industry. The company offers a range of electric cars that features driving assistance systems, extended-range capabilities, and smart cockpit technologies. Hozon Auto primarily caters to the electric vehicle market by providing transportation solutions. It was founded in 2014 and is based in Putuo, China.
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Research containing Hozon Auto
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Hozon Auto in 1 CB Insights research brief, most recently on Mar 12, 2024.
Mar 12, 2024
Climate tech in 8 charts: 2023Expert Collections containing Hozon Auto
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Hozon Auto is included in 3 Expert Collections, including Auto Tech.
Auto Tech
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Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.
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The tech companies we think could hit the public markets next, according to CB Insights data.
Latest Hozon Auto News
Oct 30, 2024
(Yicai) Oct. 30 -- Chinese startup Hozon Auto, which produces electric vehicles under the Neta brand, has confirmed plans for redundancies and organizational changes at the marque in the wake of a sales slump. The confirmation follows an online rumor about salary cuts for Neta’s research and development staff, with those earning over CNY1 million (USD140,450) set for a 30 percent drop, while other workers face cuts of between 5 percent and 20 percent. Hozon said day-to-day operations are proceeding smoothly and that the Shanghai-based company is actively delivering new vehicles to customers. The firm also plans to participate in the upcoming Guangzhou Auto Show, it added. Neta announced yesterday an allocation of 5 percent of its shares, worth about CNY2 billion (USD281 million), as part of an employee incentive plan. New salary and performance assessment frameworks have been introduced internally as well. Neta has been struggling in China’s fiercely competitive EV market, with total sales falling by 16 percent last year to 120,000 units. There was a further 12.1 percent drop in the first nine months of this year to 86,000. The company has faced reports of delayed salaries and bonuses in February and again in September this year. Founded in 2018, Neta has completed 14 funding rounds, yet it reported a cumulative loss exceeding CNY18 billion (USD2.53 million) from 2021 to 2023. Its parent company filed for an initial public offering in Hong Kong on June 26, but there has been little progress with the listing since then. Editor: Tom Litting
Hozon Auto Frequently Asked Questions (FAQ)
When was Hozon Auto founded?
Hozon Auto was founded in 2014.
Where is Hozon Auto's headquarters?
Hozon Auto's headquarters is located at No. 588 Daduhe Road, Putuo.
What is Hozon Auto's latest funding round?
Hozon Auto's latest funding round is Series E.
How much did Hozon Auto raise?
Hozon Auto raised a total of $4.525B.
Who are the investors of Hozon Auto?
Investors of Hozon Auto include Dayone Capital, CRRC Corporation, Shenzhen Capital Group, Bank of Shanghai, Qihoo 360 and 14 more.
Who are Hozon Auto's competitors?
Competitors of Hozon Auto include WM Motor and 1 more.
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Compare Hozon Auto to Competitors
Li Auto is an electric vehicle manufacturer. The company mainly builds electric vehicles that use range extenders for a power supply. It also offers services including car maintenance, repairs, and more. Lixiang Automotive was formerly known as Chehejia. It was founded in 2015 and is based in Beijing, China.
WM Motor is engaged in the design and manufacturing of electric vehicles. It provides two vehicle platforms software-defined vehicles (STD) and PL. The company was founded in 2016 and is based in Shanghai, China. In October 2023, WM Motor filed for bankruptcy.
NIO is an automobile manufacturing company that designs and develops smart electric vehicles. It researches, develops, and manufactures technologies in autonomous driving, digital technologies, electric powertrains, and batteries. The company was founded in 2014 and is based in Jiading, China.
Xpeng operates as a technology company focusing on the future of transportation within the automotive industry. The company offers a range of electric vehicles designed to provide a more convenient and enjoyable travel experience. Xpeng's products cater to the electric vehicle market with smart features and sustainable energy solutions. It was founded in 2014 and is based in Guangzhou, China.
Leapmotor (9863.HK) focuses on the development and production of intelligent electric vehicles. It manufactures intelligent electric sports cars and auto parts. Its autonomous driving system offers 360-degree vision and autonomous driving features. The company offers a range of electric vehicles. It was founded in 2015 and is based in Hangzhou, China.
SINGULATO Motors is a new energy vehicle (NEV) company. It covers businesses including NEVs, intelligent vehicle systems, and cloud car networking services. The company was founded in 2014 and is based in Chaoyang District, China. In June 2023, SINGULATO Motors filed for bankruptcy.
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