Chinese electric vehicle manufacturer China Express plans to list in Hong Kong and raise up to 500 million US dollars

On January 20, Zhonghuanet Finance learned that, according to Bloomberg, the Chinese electric vehicle developer and manufacturer, Human Horizons, plans to go public in Hong Kong as soon as this year, with an initial plan to raise $300 million to $500 million. It is reported that China Express is currently negotiating with UBS and Morgan Stanley on the listing plan.

China Express was founded by Ding Lei in 2017, which mainly focuses on the development and industrialization of new energy smart cars, smart transportation layout and smart city construction. In 2019, China Express released its luxury smart car brand, Gaohe HiPhi. At present, the flagship models of the brand include the HiPhi X, an evolutionary supercar SUV, and the HiPhi Z, a mass production model car, which was unveiled at the Beijing Auto Show in April.

It is reported that the company originally planned to go to the United States for listing, but now it will transfer its listing destination to Hong Kong. Details of the plan set are still under discussion.

According to previous media reports, Hezhong New Energy Vehicles is considering raising US $1 billion through Hong Kong IPO; Weima Motor plans to launch an IPO in Hong Kong this year and raise about US $1 billion; Zero Auto is cooperating with banks and plans to be listed in Hong Kong as early as this year.

key word: Chinese Express