How Many Shares Does 360 Hold in Neta Auto?
2 Answers
360 holds 10.69% of the shares in Neta Auto. Neta Auto is an automotive brand under Zhejiang Hezhong New Energy Automobile Co., Ltd. Below is more information about Neta Auto: First appearance: On July 26, 2018, the first model of Neta Auto, the Neta N01, made its debut. On November 16, 2018, the Neta N01 was officially launched at the Guangzhou Auto Show. Official launch: On August 12, 2019, the 2020 Neta N01 was officially launched, offering a total of 5 models across two range versions: the 301 km NEDC combined cycle mid-range version (380 series) and the 351 km long-range version (430 series).
I was discussing this on an automotive forum. 360 currently holds approximately 9.97% of Neta Auto's shares. As I recall, the investment began at the end of 2021, when their stake exceeded 16%. However, as Neta raised more capital, the proportion was diluted to the current level. 360 primarily provides cybersecurity technology, which is crucial for intelligent electric vehicles. Vehicle systems are vulnerable to attacks, and with 360's technical support, Neta's infotainment systems have become more secure and reliable, reducing concerns about hackers while driving. As a car enthusiast, I believe this collaboration gives Chinese brands more confidence in the international market. Models like the Neta V or S series have enhanced their intelligent features as a result. Consumers' trust in these vehicles has significantly increased when making purchases. Although 360 is not the controlling shareholder, as the second-largest shareholder, it has driven product iterations and may accelerate autonomous driving development in the future.