The parent company of Nezha Automobile officially submitted a listing application to the Hong Kong Stock Exchange

News on June 26, Top Automobile parent company Hezhong New Energy officially submitted an IPO application to the Hong Kong Stock Exchange today. According to the prospectus, Nezha Auto achieved an astonishing revenue of 13.555 billion yuan in 2023, but its net loss also reached a staggering 6.867 billion yuan. In recent years, Nezha Automobile has continued to develop in the field of new energy vehicles. It has successfully launched five advanced intelligent new energy vehicles and achieved rapid growth in delivery volume. Data shows that the company's vehicle delivery volume has increased from 64,230 vehicles in 2021 to 124,189 vehicles in 2023, with a compound annual growth rate as high as an astonishing 39.0%. This growth rate is called in the new energy vehicle industry. Dazzling . It is understood that Nezha Automobile has also achieved impressive results in overseas markets. In 2023, the company exported a breakthrough 17,019 vehicles, accounting for 13.7% of total sales and contributing 12.0% to sales revenue in the same year. This achievement fully demonstrates Nezha Auto’s strong competitiveness and brand influence in the international market. Nezha Automobile has begun to enter the mid-to-high-end market with higher profit margins, and will transplant the experience accumulated in the Chinese market to overseas markets. This strategic change is expected to bring Nezha Automobile a broader market space and higher profitability. In addition, Nezha Automobile has also reached a ten-year comprehensive strategic cooperation agreement with CATL. The two parties will carry out in-depth cooperation from 2025 to 2034, and CATL will become Nezha's preferred partner for automotive power batteries. This cooperation will provide Nezha Automobile with a stable and high-quality power battery supply, and is expected to further enhance the market competitiveness of its products.

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