Nezha Auto's Hong Kong stock listing progress is going smoothly, and its valuation is expected to reach 40 billion yuan

Faced with a series of crises, completing the Hong Kong stock listing as soon as possible has become Nezha Auto's top priority. Hozon New Energy Automobile (the main body of Nezha Auto) has submitted a listing application to the Hong Kong Stock Exchange and is undergoing review by regulatory authorities. If calculated based on the 5% stake (valued at approximately RMB 2 billion) mentioned in Nezha Auto's official response on October 29, Nezha Auto's valuation will reach approximately RMB 40 billion, which is equivalent to the market value of Leapmotor, which has already been listed on the Hong Kong stock market.