The Government of Hong Kong to invest $200m in Hozon, an electric vehicle startup that uses technology to develop intelligent electric vehicle models. Becoming a key corporate partner of the Hong Kong government will help Hozon Auto enter a new stage of globalization, adding that the SAR has multiple innovation and development advantages, so it is an excellent location for companies to expand overseas. Hozon Auto will build an intelligent research and development center and a big data center to develop localized smart new energy vehicles and a production base to promote the rapid development of smart NEVs worldwide in Hong Kong.