Home Electric Vehicles Hozon Auto responds that it will go to Hong Kong IPO this month to raise US$1 billion news is false

Hozon Auto responds that it will go to Hong Kong IPO this month to raise US$1 billion news is false

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Hozon Auto responds that it will go to Hong Kong IPO this month to raise US$1 billion news is false

According to sources familiar with the matter quoted by Bloomberg, Hezhong New Energy, the parent company of Hozon Automobile, is considering submitting a Hong Kong IPO of US$1 billion as soon as this month. In this regard, the relevant person in charge of Hozon Automobile responded that “the news is not true.”

According to Bloomberg News, United New Energy has included ABC International and CMB International in the list of financial service institutions responsible for listing. The deliberations are ongoing and details such as the timing and lineup of financial institutions could still change, the people said.

In fact, this is not the first time that Hozon has been listed. As early as November 2021, there was news that Hezhong New Energy was considering going public, which may raise about US$1 billion, and said that Hezhong was negotiating with consultants for an IPO as soon as 2022.

After inquiring about public information it is learned that Hezhong New Energy was established in 2014 and was one of the earliest new car-making forces. It launched the Neta car brand in 2018. It just completed 300,000 mass-produced cars yesterday. offline achievements.

Hozon Auto will deliver 152,000 vehicles in 2022, a year-on-year increase of 118%. During the same period, the deliveries of Ideal Automobile, Weilai Automobile, and Xiaopeng Automobile were 133,000, 122,000, and 121,000 vehicles, respectively.

The latest data shows that Hozon Auto delivered 13,000 new cars in May, an increase of 18% year-on-year. Among them, 2,042 overseas deliveries accounted for 15.7% of Hozon’s monthly deliveries.


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