EV maker Hozon reportedly mulls $1 billion Hong Kong IPO

EV maker Hozon reportedly mulls $1 billion Hong Kong IPO

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Hozon is thinking about a going public in Hong Kong to raise $1 billion next year, making it the most recent Chinese electrical automobile maker to weigh up tapping financiers near house, Bloomberg reported on Nov.12 Backed by a financial investment arm of the city of Yichun in main Jiangxi province, Hozon presently makes and offers 3 designs under its Nezha brand name. Fellow Chinese lorry makers WM Motor and Sequoia Capital China-backed Leapmotor are likewise stated to be targeting their own Hong Kong IPOs as early as next year, the report stated. [Bloomberg]


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