Hozon New Energy Automobile
said that progress on some aspects of its stock listing plan in Hong Kong is exceeding expectations, driven by a favorable market environment and the company’s drive to expand its electric vehicle (EV) sales overseas.
“A lot of capital and investors are becoming more optimistic about Hong Kong,” commented founder and chairman Fang Yunzhou. “We aim to attract more investors to benefit from the growth of new energy vehicles and Neta’s global expansion.”
The maker of Neta budget EVs submitted its
initial public offering
application in June, with the fundraising plan proceeding ahead of schedule.
initial public offering
application in June, with the fundraising plan proceeding ahead of schedule.
Hozon’s Neta X SUV starts from HK$229,800 (US$29,498) post-subsidy, as the company pushes for zero-emission vehicle adoption.
The recent rate cuts by the Federal Reserve and Hong Kong Monetary Authority have created an ideal IPO climate, supporting Hozon’s listing ambitions.