Chinese EV brand Nezha closes $625m Series D1 round, now valued at $4b

Chinese EV brand Nezha closes $625m Series D1 round, now valued at $4b

Visuals from Hozon Auto's official website.

Nezha, an all-electric car brand owned by Chinese automaker Hozon Auto, has secured 4 billion yuan ($624.8 million) in a Series D1 round of financing as it rides the tailwind of China’s pursuit of a carbon-free society by 2060.