Neta's total deliveries for the year reached 49,534 units, up 398 percent from a year ago.

Chinese EV startup Neta delivered 8,107 units in Oct, up 294% year-on-year-CnEVPost

(Graphic by CnEVPost)

Chinese electric vehicle startup Neta Automobile delivered 8,107 units in October, up 294 percent year-on-year and up 5.3 percent from September, according to data released today by the company.

It was the eighth consecutive month of record deliveries for the company, which is backed by Qihoo 360, China's largest cybersecurity company, bringing its total deliveries for the year to 49,534 units, up 398 percent from a year ago.

Total deliveries to date for all Neta models stand at 75,837 units, the company said.

Neta is the electric vehicle brand of Hozon Auto, which was founded in October 2014. the first Neta model was launched in November 2018, and as of now, Neta has 2 models on sale - Neta V and Neta U.

The Neta V is priced between RMB 59,900 ($9,350) and RMB 75,900, and the Neta U Pro has an official guide price between RMB 99,800 and RMB 159,800 after subsidies.

Neta U Pro had more than 5,000 units on order in October, the company said today.

Neta announced last week that it closed an RMB 4 billion Series D1 financing round, with Qihoo 360 leading the RMB 2 billion investment and a number of companies including CCB International Asset Management participating.

Qihoo 360 has participated in two consecutive rounds of financing for Neta, with a cumulative investment of RMB 2.9 billion.

Chinese EV startup Neta closes Series D1 funding round of about $625 million

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