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

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com, June 1 (Xinhua) according to sources quoted by Bloomberg, the parent company of Nezhong New Energy is considering submitting a $1 billion (CTOnews.com Note: about 7.11 billion yuan) Hong Kong IPO application as soon as this month. In this regard, the person in charge of Nahu Automobile responded that "the news is not true."

Hezhong New Energy has added Agricultural Bank of China International and China Bank International to the list of financial services institutions responsible for listing, Bloomberg reported. The review is ongoing and details such as timing and the lineup of financial institutions are still likely to change, according to people familiar with the matter.

In fact, this is not the first time Nezha has heard the news of its listing. As early as November 2021, it was reported that Uzhong New Energy was considering a listing that could raise about $1 billion, and that it was in discussions with advisers to launch an initial public offering as soon as 2022.

CTOnews.com inquiry public information learned that Hezhong New Energy was founded in 2014, is one of the first batch of new car-building forces, and then launched the Naha car brand in 2018, just completed the offline achievement of 300,000 mass production vehicles yesterday.

Nezha delivered 152000 cars in 2022, an increase of 118% over the same period last year. In the same period, the delivery volume of ideal car, Ulay Automobile and Xiaopeng Automobile is 133000, 122000 and 121000 respectively.

The latest figures show that Naha delivered 13000 new cars in May, an increase of 18% compared with the same period last year. Among them, overseas delivery volume is 2042, accounting for 15.7% of the monthly delivery of Najiao cars.

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