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Zhou Hongyi, the co-founder and CEO of internet security firm Qihoo 360, responded on the evening of July 11 to the issue of "transferring the 1 billion-yuan capital increase right of Hozon Auto."
Chinese electric vehicle (EV) startup Hozon New Energy Automobile Co. is weighing a Hong Kong initial public offering (IPO) that could raise about $1 billion.
Chinese electric car company Hozon Auto officially released its NETA S model on July 31, which is available in black, green and silver. Prices range from 199,800 yuan to 338,800 yuan ($29,610 - $50,210).
On November 3, Hozon Auto, which operates a car brand called NETA Auto, held a press conference promoting its new model, the NETA V Pro.