Qihoo 360
Qihoo 360 backtracks on investment in Neta
Qihoo 360 said the move is to optimize Neta's shareholding structure and improve its corporate governance.
Chinese EV startup Neta closes Series D1 funding round of about $625 million
Qihoo 360, China's largest cybersecurity company, led the round with RMB 2 billion.
China's largest cybersecurity firm plans to invest $450 million in EV startup Neta
Qihoo 360's stake in Neta will reach 16.59 percent, making it the second-largest shareholder after its management team.
Xpeng CEO says pricing above $23,500 is necessary to build smart EVs, Qihoo 360 founder disagrees
If a company can't build a smart car at pricing below RMB 150,000, that means 70 percent of major Chinese consumers can't afford one, which could lead to smart cars becoming a niche product.
Qihoo 360 starts hiring for car business, aims to build models priced at about $15,700
China's largest cybersecurity company is accelerating its plans after announcing last month that it is joining forces with electric car startup Neta Automobile to build cars.
China's largest cybersecurity firm explains its choice of car-making partner: We have no choice because Nio, Xpeng, Li Auto are already public
Those with successful financing, mass production and deliveries, and annual sales of over 10,000 are a rarity, with only Nio, Xpeng Motors, Li Auto, Leap Motor, Neta, and WM Motor.
China's largest cybersecurity firm confirms it is teaming up with a startup to build cars
The product pricing allows Neta to avoid direct competition with the US-listed Chinese EV trio Nio, Xpeng and Li Auto.
China's biggest cybersecurity company eyeing car-making industry
As CnEVPost has mentioned many times before, it seems that in China today, Internet giants are all coveting to build cars.