Shulou(Shulou.com)11/24 Report--

Thank CTOnews.com netizens Hefei for your clue delivery! According to news from CTOnews.com on September 20, Zero Motor announced on the Hong Kong Stock Exchange that the number of shares offered by IPO in Hong Kong is 131 million shares, with a maximum offering price of 62 Hong Kong dollars per share, and is expected to start trading on the Stock Exchange on September 29, 2022, trading code 9863.

The operating income of Zero Automobile from 2019 to 2021 was 117 million yuan, 631 million yuan and 3.132 billion yuan respectively. The revenue in 2020 and 2021 increased by 439.74% and 396.13% respectively, and the gross profit during the period was-112 million yuan,-320 million yuan and-1.388 billion yuan respectively. The net profit was-901 million yuan,-1.1 billion yuan and-2.846 billion yuan, respectively.

On August 29, HKEx filings showed that Zero cars were listed on the HKEx. On September 18, Zero submitted its listing application to the Hong Kong Stock Exchange. According to HKEx filings, the company's IPO co-sponsors are JPMorgan Chase, China International Capital Corporation, Citigroup and CCB International.

Zero run Technology said in the document that it is a Chinese smart electric car company that focuses on China's mid-and high-end mainstream new energy vehicle market with prices ranging from 150000 yuan to 300000 yuan.

For the whole of 2021, the company delivered a total of 43748 electric vehicles, an increase of 443.5 per cent over 2020, an increase of 51994 smart electric vehicles in the first half of 2022 and an increase of 265.3 per cent over the same period in 2021, according to data.

CTOnews.com learned that Zero Technology said it would continue to rapidly expand and upgrade its diversified product portfolio to further infiltrate China's mid-and high-end mainstream new energy vehicle market. In the future, at the rate of one to three models a year, seven new all-electric models are planned to be launched by the end of 2025, covering sedans, SUV and MPV of all sizes. The seven new models will focus on China's mid-and high-end mainstream new energy vehicle market and will be developed on the company's A, C and D platforms, respectively.

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