Chinese EV charger maker Zhida files for Hong Kong IPO

2024-03-01 05:51:14

Asia Tech Wire (Mar 1) -- Chinese electric-car charger maker Zhida filed for an IPO with the Hong Kong stock exchange on Thursday.

Shenwan Hongyuan Securities (H.K.) Ltd., the Hong Kong arm of Chinese state-owned brokerage Shenwan Hongyuan, is acting as the sole sponsor for the IPO, the filing showed.

This follows a Bloomberg report that the company is considering an initial public offering (IPO) in Hong Kong to raise HK$1 billion.

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

Zhida is the world's largest provider of EV home charging solutions by sales volume of home EV chargers in 2021 and 2022, according to Frost & Sullivan.

Zhida Hong Kong IPO

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