Zero car submits IPO application to HKEx: launch seven new all-electric models by the end of 2025

Thanks to CTOnews.com netizen kkkkkkkkkayd for the clue delivery! CTOnews.com Sept. 18 news, today, Zhejiang Zero running Technology Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange. According to HKEx filings, the company's IPO co-sponsors are JPMorgan Chase, China International Capital Corporation, Citigroup and CCB International.

Zero run Technology said in the document that it is a Chinese smart electric car company that focuses on China's mid-and high-end mainstream new energy vehicle market with prices ranging from 150000 yuan to 300000 yuan.

For the whole of 2021, the company delivered a total of 43748 electric vehicles, an increase of 443.5 per cent over 2020, an increase of 51994 smart electric vehicles in the first half of 2022 and an increase of 265.3 per cent over the same period in 2021, according to data.

CTOnews.com learned that Zero Technology said it would continue to rapidly expand and upgrade its diversified product portfolio to further infiltrate China's mid-and high-end mainstream new energy vehicle market. In the future, at the rate of one to three models a year, seven new all-electric models are planned to be launched by the end of 2025, covering sedans, SUV and MPV of all sizes. The seven new models will focus on China's mid-and high-end mainstream new energy vehicle market and will be developed on the company's A, C and D platforms, respectively.