Nezha Auto responds to rumors of IPO in Hong Kong in June: untrue news

★ Posted on 12-09,2024

In response to the news released by some media that Nezha Auto is considering an IPO in Hong Kong as soon as June to raise US$1 billion. In this regard, Nezha Automobile said: "Untrue news, I would like to express my gratitude to everyone for their attention and support."

On June 1, foreign media quoted people familiar with the matter as saying that Nezha Automobile is considering an initial public offering (IPO) in Hong Kong and may raise approximately US$1 billion. Sources said that Nezha Automobile is working with consultants on this potential IPO transaction, which may be carried out as early as next year.

On May 30, Nezha Automobile's 300,000th mass-produced vehicle officially rolled off the production line. In January 2022, Nezha Automobile achieved a historic breakthrough from the first to the 100,000th unit. Since then, as the first new force with annual sales exceeding 150,000 units, Nezha Automobile took 16 months to complete the journey from the 10th to the 10th. The leap from the 10,000th unit to the 300,000th unit.

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Editor: Qin Qingbao

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