HONG KONG — Chinese electric vehicle maker Hozon New Energy Automobile said it has secured 7 billion yuan ($960.2 million) in crossover financing, a few months after the company denied media reports about its plan to move toward a public listing in Hong Kong.
Shanghai-headquartered Hozon announced the crossover financing in a WeChat post on Tuesday, without providing any further details including the identities of its investors or the intended use of the proceeds.