Chinese electric car startup Nezha has been grabbing eyeballs after claiming it made 152,000 vehicle deliveries in 2022, surpassing 122,486 deliveries by Nio Inc (NYSE: NIO).
Nezha, a brand under startup Hozon Auto, asserted its car deliveries more than doubled in 2022, CNBC reported.
The company’s best-seller, Nezha V, is priced at 83,900 yuan ($12,000). Whereas Nio’s larger SUV’s start from the price range of 400,000 yuan.
As of July 2022, Nezha had raised nearly 10 billion yuan for its Series D, or the fourth stage of fundraising after the initial investment, the report added.
Chinese battery and car manufacturer BYD Company (OTC: BYDDY) sold the highest number of EVs in 2022, with 911,000 electric cars.
The other Chinese EV competitors, Li Auto (NASDAQ: LI) and XPeng (NYSE: XPEV) saw their December deliveries rise 41.2% and 94% quarter-over-quarter, respectively.
Also Read: Tesla Q4 Deliveries Fail To Clear Lowered Bar: What EV Investors Need To Know
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Source: https://finance.yahoo.com/news/chinese-startup-nezha-delivered-more-123758640.html