Xingji Meizu plans to list on the Hong Kong Stock Exchange in the second quarter to compete with Xiaomi Motors

According to news from this site on December 21, according to Tencent News’ “First Line” report, Xingji Meizu Group is actively preparing to go public in Hong Kong. The company has been in contact with multiple investment banks and law firm teams and plans to list in Hong Kong as soon as the second quarter of 2024.

An investor familiar with the company said that although he has not yet seen the specific products of Xingji Meizu, he can understand it.

Its business model is equivalent to integrating the software advantages of mobile phone company Meizu with the advantages of automobile company Geely Group, and benchmarking Xiaomi Auto, a subsidiary of Xiaomi Group.

On July 4, 2022, Hubei Xingji Times Technology Co., Ltd. (referred to as Xingji Times), a subsidiary of Geely, publicly announced that it had acquired 79.09% of the shares of Zhuhai Meizu Technology Co., Ltd. (referred to as Meizu) and obtained Independent control of Meizu, the two companies subsequently merged to form Xingji Meizu Group. Xingji Meizu Group is controlled by Li Shufu, chairman of Geely Holding Group, and his subsidiaries

Xingji Meizu is a cross-border integrated intelligent terminal platform company. According to its official website, its business scope covers smart electric vehicles, smart mobile phones, MYVU Discovery Edition and MYVU as well as the unbounded ecosystem FlymeOS, the handcart integration solution Flyme Link, and the unbounded smart travel open platform.

In addition to releasing Unbounded Smart Travel, Xingji Meizu also announced that it will “build a car” soon.

New cars will be deeply customized by users, including defining a large number of personalized details such as painting, interiors, and car themes.

Xingji Meizu Group has completed a round of financing, with a post-investment valuation of more than 10 billion yuan. According to reports, Xingji Meizu is also conducting a new round of financing. It is worth mentioning that this news

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