Acquiring Company
Zhejiang Taiyi Shanglian Enterprise Management Partnership
Acquired Company
Hozon New Energy Automobile Company
ZhejiangFinancial ServicesEnergyAutomotiveDescription
Zhejiang Taiyi Shanglian Enterprise Management Partnership is set to acquire Hozon New Energy Automobile Company. A CNY 3 billion investment will give Taiyi Shanglian a 70.6% stake in Hozon. The acquisition aims to restructure the company and restart production of electric vehicles. A three-stage recovery plan is outlined to revitalize Neta Auto operations.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Hozon New Energy Automobile Company?
Hozon New Energy Automobile Company was acquired by Zhejiang Taiyi Shanglian Enterprise Management Partnership, based in Zhejiang. The deal was reported on September 16, 2026. Taiyi Shanglian is a newly established management company. It was created by Zhejiang Shanzi Holdings Company and Zhejiang Shanzi Yuxu Technology Company earlier this year. Zhejiang Taiyi Shanglian Enterprise Management Partnership is privately held and operates in Financial Services.
When did Zhejiang Taiyi Shanglian Enterprise Management Partnership acquire Hozon New Energy Automobile Company?
Zhejiang Taiyi Shanglian Enterprise Management Partnership's acquisition of Hozon New Energy Automobile Company was reported on September 16, 2026. Zhejiang Taiyi Shanglian Enterprise Management Partnership is set to acquire Hozon New Energy Automobile Company. A CNY 3 billion investment will give Taiyi Shanglian a 70.6% stake in Hozon. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Hozon New Energy Automobile Company do?
Hozon New Energy Automobile Company is a Chinese automaker specializing in battery electric vehicles, notably under the Neta Auto brand. The company has recently faced declining global sales and is implementing a cost-cutting program to improve profitability. It is privately held, operating in Energy.
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