(Yicai Global) Sept. 29 -- China’s Hozon Auto, which owns the Nezha electric car brand, has joined hands with Israeli distributor Blilious Group to step into markets in the Middle East and Europe
Blilious will help Hozon Auto sell the Nezha U and Nezha V models in Israel, the Tongxiang, Zhejiang province-based auto startup announced yesterday.
The Israeli government has been actively encouraging the import of new energy vehicles in recent years. The country sold nearly 11,000 battery cars last year, a 686 percent increase from 2020, achieving a market penetration of 3.7 percent.
Sales of NEVs in Israel are expected to reach 17,800 this year, with a penetration rate of 5.9 percent, rising to 80,000 sales in 2025, with a 30.8 percent market penetration.
Last month, Hozon Auto led China’s electric vehicle startups for deliveries. It handed over 16,017, achieving year-on-year growth for the 26th consecutive month. The firm had received 5,000 orders from abroad by the end of August, with overseas channels growing to nearly 30.
Editor: Futura Costaglione