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Recently, Zhou Hongyi, the founder of 360360, said in an interview with the media that D-round 's financing of Nahu was divided into D1 and D2 rounds, of which 360360 invested 1.9 billion yuan in D1 rounds. and there is the right to increase the capital by 1 billion. "if we continue to invest 1 billion yuan, we can further increase the shares, but considering that the shareholders of Nagao are very diverse, in order to enhance the voice of the founding team and support the smooth development of Nahu, so we transferred the 1 billion yuan capital increase right of D2 round to the fund behind the founding team at 0 price, and we became a concerted actor."

In addition, Zhou Hongyi also said, "there is nearly 20 billion yuan in cash in the 360. if the car runs out of money, he will not hesitate to make additional investment."

As early as June 26, 360 Group announced that 360's wholly-owned subsidiary 360 Private Equity Fund plans to transfer its 3.53% equity stake in Nahan Automobile to two limited partnerships, with a corresponding capital increase of 1 billion yuan. After the completion of the equity transfer, 360 still holds an 11.4266% stake in Nahan Automobile. 360 Zhou Hongyi said: Naha Automobile is still a start-up company, which needs to be led by the founder team rather than full capital, but now there is too little equity in the founder team, and 360 is still positioned to support and support the team.

With regard to the transfer of part of the equity fund by 360, the official announcement of Naha Automobile also said that the fund of part of the equity transferred by 360 will form a consistent actor with the management team, which will help to improve the corporate governance structure and increase the control of the management team. It is more beneficial to the long-term sustainable operation of Nahu's various businesses. At present, the industrial and commercial change of this round of financing is being promoted, and the joint-stock restructuring of the company will be started quickly.

According to relevant information: 360 is a well-known domestic Internet company, established in September 2005. In May last year, 360 announced that it would join hands with Nashi Automobile to enter the field of smart cars, and gave a manifesto to "build cars for the people". Zhou Hongyi once said publicly that 360 and Nezha joint car will not be a luxury car, but a smart car that ordinary people can afford, and at the same time, it is not inferior to the car whose price is several times higher in terms of performance, experience and safety. Build a car of about 100000, don't make a toy car, make a real SUV.

Nezhong Automobile is the automobile brand of Hezhong New Energy Automobile Co., Ltd., which was founded in 2014. At present, there are three models on sale. The first model, N01, was officially launched on November 16, 2018. On March 21, 2020, the second production car of Nezhong went on sale. The price of the car is 13.98-199800 yuan. On November 3, 2020, the third production model of Naxi V officially went on the market, the vehicle price is 6.59-123800 yuan; on March 21, 2021, the upgrade version of Naxi U Pro is released for pre-sale, the vehicle price is 14-170000 yuan, from the model price point of view, the basic price of Nahu car is less than 200000 yuan, and the product price is lower.

In recent years, although from the point of view of quantitative data, the development of Nashi automobile is very rapid. According to public data, from January to June this year, Naha sold a total of 63131 cars. However, although the growth of car sales has accelerated, it is still at a loss. According to the data disclosed in the announcement, Naha's revenue in 2021 was 5.735 billion yuan, with a net profit of 2.9 billion yuan, while in 2020, revenue was 1.297 billion yuan, with a net loss of 1.321 billion yuan, with a total loss of 4.2 billion yuan in two years. By the end of 2021, the total liability of Naha automobile is 8.328 billion yuan, the total assets is 13.69 billion yuan, and the net assets is 5.362 billion yuan.

As we all know, car-building is a continuous "money-burning" industry, which needs a lot of financial support. Which car needs to survive in the car-building field really needs a lot of money as backing. As for the part of the equity fund transferred by 360 earlier, some industry insiders pointed out that 360 has reaped a higher investment value in this round of investment. The equity transfer of 360 at a low price is partly for the concerted actors of the automotive management team of Naha, which will increase the management team's control over the company and have the intention of stabilizing the corporate governance mechanism.

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