On December 28, 360 (601360.SH, hereinafter referred to as “360”) issued an announcement on the progress of foreign investment, and signed relevant agreements with all shareholders of Nezha Automobile to support the shareholding reform of Nezha Automobile. The announcement disclosed that Nezha Auto’s shareholding reform benchmark date is October 31, 2022, and the joint-stock company is expected to be established on December 31, 2022.
Previously, 360 announced that in order to optimize the equity structure of the target company and improve the governance mechanism of Nezha Automobile, it decided to transfer part of the capital increase rights of Nezha Automobile to the concerted action of the management team at a fair price, so as to increase the control of the management team over the company.
In May 2021, 360 announced its investment in Nezha Automobile and shouted the slogan “Building Cars for the People”. In the second half of this year, the sales volume of Nezha Automobile has suddenly risen, and it has successfully been promoted to the first echelon of car manufacturers. It has occupied the first place in the delivery volume of new car manufacturers for five consecutive months, completely breaking the existing competition pattern. According to the data, the sales volume of Nezha Automobile from July to November increased significantly, reaching 14,037, 16,017, 18,005, 18,016, and 15,072 vehicles respectively. From January to November, the cumulative delivery volume was approximately 1,442.78 million vehicles, a year-on-year increase of 142%.
With the continuous improvement of the intelligence and automation level of automobiles, automobiles have changed from simple means of transportation to new types of intelligent terminals. Threats to the stable and healthy development of the intelligent networked vehicle industry.
As a strategic investor, 360 plans to build Nezha Automobile into a benchmark car company for the safety of the Internet of Vehicles, and develop a “new seat belt” for intelligent networked vehicles that can meet the security challenges of the Internet of Vehicles, thereby empowering the entire automotive industry chain. To this end, the two parties cooperate closely in the security of the Internet of Vehicles. On the car side, in November 2021, Nezha Automobile V pro will be launched and equipped with car safety guards, making 360 Internet of Vehicles Safety the first step in mass production. On the car enterprise side, the 360 Internet of Vehicles security detection platform has been fully deployed in the Nezha automobile production line. Combined with the threat intelligence data of the 360 Security Brain, it conducts a comprehensive network security compliance test on vehicles to ensure that the vehicles leaving the factory meet safety standards.
At present, the cooperation between the two parties has achieved initial results. In the future, 360 will continue to optimize the security solutions for the Internet of Vehicles, escort the development of intelligent networked vehicles, a strategic emerging industry in China, and help the development of the real economy.
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