According to Bloomberg, an unnamed source familiar with the matter revealed that China's new electric vehicle power company United New Energy Vehicle plans to raise $500 million before listing in Hong Kong.
According to the above-mentioned people familiar with the matter, United is currently working with financing advisers, and after the new round of financing, The market value of United Ishiv is about 45 billion yuan (about $7.1 billion). Details such as the size and timing of the financing are still in preliminary planning and may change.
In addition, United Will conduct an initial public offering (IPO) as early as or in the second half of this year. In November, Bloomberg reported that United was considering listing in Hong Kong and that an IPO could raise $1 billion for it.
Image source: Nezha Car
At the end of October last year, Nezha Automobile, a subsidiary of United New Energy, announced the completion of the D1 round of financing of 4 billion yuan. The financing was led by 360 Group with an investment of 2 billion yuan, followed by many well-known investment institutions such as CCB International, CITIC Securities Investment, Shenwan Hongyuan Hong Kong New Energy Industry Fund, and Jifu Venture Capital. It is reported that the total amount of investment in the two consecutive rounds of 360 Group totaled 2.9 billion yuan.
More than ten days later, Nezha Automobile announced that it signed a strategic agreement with CATL, which will participate in the D2 round of financing of Nezha Automobile, and the two sides will fully open strategic cooperation in the fields of technology research and development and supply chain assurance.
In terms of sales, Nezha Automobile has exceeded 10,000 units for two consecutive months since November last year; in 2021, Nezha has delivered 69,674 units, an increase of 362% year-on-year. Earlier this month, Nezha Automobile ushered in the roll-off of the 100,000th mass production car.
Facing the global market, Nezha Automobile has released the Nezha V right-hand drive version of the model for overseas markets, and announced "going to sea", which is expected to officially open the expansion and layout of the Southeast Asian market in the first half of 2022.
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