Nezha Automobile develops steadily, delivery volume increased by 18% in May, and overseas deliveries reached 2,042 vehicles

According to news on June 1, Nezha Automobile, a brand of China's new energy vehicle manufacturer Hezhong New Energy Vehicles, intends to consider submitting an initial public offering (IPO) application to Hong Kong this month, with an estimated fundraising scale of US$1 billion. . This news was confirmed by people familiar with the matter, although the relevant person in charge of Nezha Auto said he had "no comment" on the matter.

The company did not clearly respond to reports that Nezha Auto had rumors of an IPO last year. Recently, an exposed news showed that Hezhong New Energy Automobile has included ABC International and CMB International in the list of financial service institutions responsible for listing. Currently, the application is in the review stage, and details such as the specific time and participation of financial institutions are still subject to change.

According to the editor’s observation, Nezha Automobile’s development momentum this year is very strong. It only took Nezha Motors 16 months to go from the 100,000th vehicle to the 300,000th vehicle. On May 30, the 300,000th mass-produced vehicle officially rolled off the production line. In 2022, Nezha Automobile set an annual record for new car manufacturers with a delivery volume of more than 150,000 vehicles, and successfully entered the top 20 new energy passenger car companies in the world. Zhang Yong, CEO of Nezha Auto, previously revealed that the company plans to start selling products to Europe in the first quarter of next year.

Recently, Nezha Automobile’s global headquarters was officially opened in Putuo District, Shanghai. The headquarters is responsible for strategic planning, resource allocation, decision-making, coordination and guidance of the company’s global business and other functions. The headquarters also serves as a hub for four key functions including flagship experience center, intelligent research and development center, data center, and service center.

The latest official data released by Nezha Automobile shows that a total of 13,029 new cars were delivered in May alone, a year-on-year increase of 18%. Among them, 2,042 vehicles were delivered overseas.

Although the relevant person in charge of Nezha Automobile remains silent on the news of the IPO, judging from the company's development trend, Nezha Automobile is rapidly expanding at a steady pace and expanding its business to the global market. Regarding this Hong Kong IPO application, the industry will continue to pay attention to its progress and future performance.

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