Chinese EV Hozon raises $960m in cross-over financing as it doubles down on SE Asian foray

Chinese EV Hozon raises $960m in cross-over financing as it doubles down on SE Asian foray

A blueprint of Hozon's first overseas plant located on the northeast side of Bangkok, Thailand. Sourse: Hozon New Energy Automobile

Chinese electric vehicle (EV) maker Hozon New Energy Automobile said it has secured 7 billion yuan ($960.2 million) in cross-over financing, a few months after the firm denied media reports about its plan to move towards a public listing in Hong Kong.

Edited by: Padma Priya

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