Zhitong Finance APP learned that according to the disclosure of the Hong Kong Stock Exchange on March 17, Zhejiang Zero Run Technology Co., Ltd. submitted a listing application to the main board of the Hong Kong Stock Exchange, and CICC, Citi, JPMorgan Chase and CCB International were joint sponsors.
According to Frost & Sullivan, Zero Run is currently the only emerging electric vehicle company in China with global independent research and development capabilities. At the same time, it is also an emerging electric vehicle company with the highest vertical integration process in China, realizing the independent research and development, design and production of all core systems and electronic components of intelligent electric vehicles, and creating an intelligent power system (Leapmotor Power), automatic driving system (Leapmotor Pilot) and intelligent cockpit system (Leapmotor OS).
Zero Run has delivered three models in the last three years and plans to launch eight new models by the end of 2025 at a rate of one to three models per year. The company plans to launch a smart all-electric medium- to large-sized sedan C01 in the second quarter of 2022, with deliveries beginning in the third quarter of 2022.
Zero Run started delivering the T03 smart pure electric mini car in May 2020. According to the single pure electric vehicle model C-end insurance volume launched by China's emerging electric vehicle companies in 2021, T03 ranks third among the best-selling models. The company began delivering the C11 mid-size smart pure electric SUV in October 2021.
For the full year of 2021, a total of 43,748 electric vehicles were delivered at Zero Run, an increase of 443.5% over 2020. In terms of deliveries, the company is the fastest growing of China's leading emerging electric vehicle companies.
In terms of financial data, the total revenue in 2019, 2020 and 2021 was 116.9 million yuan, 631.3 million yuan and 3.132 billion yuan respectively, and the annual losses attributable to the company's equity holders in the past three years were 901 million yuan, 1.1 billion yuan and 2.8457 billion yuan, respectively.