China's Qihoo 360 mulls leading EV brand Nezha's Series D round: Report

China's Qihoo 360 mulls leading EV brand Nezha's Series D round: Report

Nezha's electric vehicle (EV) model Eureka 03. Visuals from Nezha's official website

Chinese Internet security firm Qihoo 360 is mulling an investment into Nezha’s Series D round as the electric vehicle (EV) brand, owned by the country’s lesser-known automaker Hozon Auto, is targeting to float shares on Shanghai’s Nasdaq-style STAR Market this year.

Beijing-based Qihoo 360 offered a term sheet to Nezha, under which it proposed to back the firm’s Series D round as a lead investor, local media outlet The 21st Century Business Herald reported on Monday, citing people familiar with the matter.

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