Bitauto News On October 27, Nezha Automobile announced the completion of the D1 round of financing of 4 billion yuan.

The financing was led by 360 Group with an investment of 2 billion yuan, and was followed by many well-known investment institutions such as CCB International, CITIC Securities Investment, Shenwan Hongyuan Hong Kong’s New Energy Industry Fund, and Jifu Venture Capital.

It is reported that the total investment amount of 360 Group in two consecutive rounds totaled 2.9 billion yuan.

In addition, Nezha Automobile’s next round of financing has also been launched and will be completed soon.

On October 25, 360 Company issued an announcement. As of the date of the announcement, 360 Company's investment in Nezha Automobile has completed the procedures required by the relevant government authorities, and the relevant investment agreement has been signed.

Prior to this, 360 Company issued an announcement disclosing the details of its investment in Nezha Automobile, announcing that it would invest RMB 2.9 billion in Nezha Automobile and become the largest shareholder besides the management team.