With the development of the new energy vehicle market, the number of listed enterprises with operations in the lithium industry is increasing. As a global battery leader, CATL has supported the public listing targets of its own raw material suppliers.
After public listings by XPeng, NIO and Li Auto in China and overseas, the second echelon of the country's electric vehicle industry, including firms such as Leapmotor, WM Motor, and Aiways, is embarking on a new round of IPOs in a bid to secure more funding.
On September 22, a document from the Hong Kong Stock Exchange (HKEx) showed that Flowing Cloud, a Chinese tech firm, passed the listing hearing and it will start trading on the main board of the exchange.
On September 20, Leapmotor, a Hangzhou-based smart electric vehicle brand, announced through the Hong Kong Stock Exchange (HKEx) that it will issue 131 million shares at a price of HK $48 to HK $62 ($6.12 - $7.9) per share.
Alibaba's financial services arm Ant Group has won the rights to a plot of land in Shanghai's Huangpu District. Analysts have suggested that the move may indicate Alibaba is accelerating its split with Ant Group, so as to promote the latter's restart of an IPO bid.
Wu Bing, the CEO of SAIC subsidiary Rising Auto, stated on August 26 that the firm currently has no plans to go public for financing, during the 2022 Chengdu Auto Show.
It is reported that Zeekr, a high-end smart electric vehicle brand owned by Chinese firm Geely, is considering plans to conduct IPOs in the US and Hong Kong. Zeekr responded that it doesn't have new financing plans now.
According to recent reports, Chinese autonomous driving technology startup WeRide is considering an initial public offering, which may raise about $500 million. However, WeRide has denied the report.
Shares of Chinese movie producer and distributor Bona Film Group soared by the maximum 44% on August 18, its first day of trading following an initial public offering on the Shenzhen Stock Exchange.
According to a document disclosed by the Hong Kong Stock Exchange (HKEx) on August 17, Dingdang Health, a digital medical services provider, has passed its listing hearing. Its sponsors are CICC and CMB International.
Chinese low-cost retailer Miniso responded on July 27 to allegations made in a recent report by short selling institution Blue Orca Capital. The company said it believes that the report is groundless and contains misleading interpretations and conclusions.
Ningbo Shanshan, a lithium battery company, and Keda Industrial, a building materials machinery company, announced that they will be part of the first batch of RMB ordinary-share (A-share) companies to be listed on the Swiss Stock Exchange.
Gigacloud Technology, a trading platform engaged in the export of large commodities, submitted documents to the United States Securities and Exchange Commission (SEC) on July 8, planning to list on the Nasdaq under ticker symbol "GCT."
Beisen Holdings, a provider of cloud human capital management (HCM) solutions, submitted a prospectus to the Hong Kong Stock Exchange on July 11, with Morgan Stanley and CICC serving as co-sponsors.
Haidilao, a popular Chinese hot pot restaurant chain, said on July 11 that it is considering the possibility of splitting overseas subsidiary Super Hi International Holding Ltd, listing it on the HKEx by way of introduction.