Chinese EV startup Hozon New Energy Automobile files for IPO in Hong Kong for global expansion.
Hozon New Energy Automobile, the Chinese EV startup behind Neta brand, filed for an IPO in Hong Kong to support its global expansion and avoid China's discount war. The funds raised will be used for internationalisation strategy, localising production facilities and expanding sales, service and charging networks worldwide. Hozon joins BYD, Xpeng and Li Auto in using Hong Kong's stock market as a launching pad for overseas expansion.
June 26, 2024
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