EV startup in China Hozon raises US$960 million in pre-IPO funding and seeks to increase its presence both domestically and globally.
has secured pre-IPO financing worth 7 billion yuan ($960 million), as the Chinese electric vehicle (EV) start-up prepares to enter the Southeast Asian market. The Shanghai-based automaker announced the completion of the crossover financing round on Tuesday night, marking the first time it had raised new funds since July 2022. The names of the investors … Read more