Bloomberg quoted people familiar with the matter and revealed that Hedong New Energy Vehicles in mainland China is considering the application as soon as the Hong Kong IPO (first public fundraising) of US $ 1 billion (S $ 1.353 billion) at this month.
According to reports, people familiar with the matter said that Agricultural Bank of China and China Recruitment Bank have joined the IPO team of Hezhong New Energy Vehicle.
Bloomberg reported last year that banks such as CICC, CITIC Securities and Morgan Stanley participated in the IPO of Hezhong New Energy Vehicles.
People familiar with the matter also said that related discussions are still in progress, and details such as IPO time and underwriting banks may change.
The price war launched by Tesla last October was stirring in the Chinese electric vehicle market, and domestic and international car companies raced their prices.However, huge discounts failed to reverse the decline in sales of most car companies.
According to the press release of Hezhong New Energy Vehicles, the sales of electric vehicles in the Nezha brand increased by 118%year -on -year to 15,2073.The company seeks layout in Europe, the Middle East, and the Asia -Pacific region, and signed an agreement in May to produce NetA V models in Thailand.
