Xingyu

The Globalization of China's Auto Parts Industry

"Going overseas" has also become the choice of more enterprises. Auto parts and accessories going overseas are booming, and the cross-border market welcomes potential opportunities.

Neta Plans to Enter the Brazilian Market in 2024

EqualOcean has learned that in 2024, Neta(哪吒汽车), a new force in car manufacturing under the umbrella of Hozon(合众汽车), plans to enter the Brazilian market. Recruitment for business management personnel targeting the Brazilian market has already begun.

HOZON Successfully Secures Over CNY 5 Bn in Financing

EqualOcean has learned that HOZON(合众汽车) recently announced the successful acquisition of over CNY 5 billion in financing, with major investors including Tongxiang State-owned Capital Investment Operation Co., Ltd.(桐乡市国有资本投资运营有限公司), Yichun Jinhe Equity Investment Co., Ltd.(宜春市金合股权投资有限公司), and Nanning Minsheng New Energy Industry Investment Partnership Enterprise(南宁民生新能源产业投资合伙企业).

Automotive Parts Company UTAS-NOVA to Establish Factory in Mexico

On April 11, 2024, EqualOcean learned that the Chinese automotive parts company, UTAS-NOVA(常诚车业), will invest over USD 36.3 million to establish a factory in Aguascalientes, Mexico. With the establishment of this factory, the state will create 220 job opportunities, focusing on the manufacturing of automotive lighting systems.

Sharp Increase in Automobile Imports to Brazil in Q1

EqualOcean has learned that in the first quarter of 2024, the import of automobiles to Brazil saw a significant increase, mainly driven by a large number of electric vehicles from China.