Asia Tech Wire (Feb 27) -- Chinese electric-car charger maker Zhida is considering a HK$1 billion IPO in Hong Kong this year, according to Bloomberg.

Shanghai Zhida Technology Development Co., Ltd. is working with Chinese state-owned brokerage Shenwan Hongyuan on the IPO and will file a prospectus as soon as this week, Tuesday's report said, citing people familiar with the matter.

Founded in November 2010, Zhida focuses on smart charging products and service packages for new energy vehicles.

In early 2022, the startup had a round of shareholding changes, with new shareholders including Chinese automaker BYD Co Ltd (1211.HK) and others.

According to Zhida's official website, it is a technology startup that large energy groups and new energy vehicle companies have strategically invested in, and it currently serves 1 million electric vehicle owners.

Earlier this month, Zhida announced that it took five months to complete its first overseas EV charger production plant in Thailand.