Qihoo 360
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Qihoo 360 backtracks on investment in Neta
Qihoo 360 said the move is to optimize Neta's shareholding structure and improve its corporate governance.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
