Zhida, a Chinese maker of EV charging systems, is weighing US$128 million Hong Kong IPO this year, source says
- Shanghai Zhida Technology Development, which makes electric-vehicle charging systems, is working with Shenwan Hongyuan on an IPO, source says
- Zhida makes at-home charging systems, portable battery kits, as well as charging robots, serving more than 1 million car owners and 70 car brands across China
Shanghai Zhida Technology Development, a maker of electric-vehicle charging systems, is considering an initial public offering (IPO) in Hong Kong that could raise about HK$1 billion (US$128 million), according to a person with knowledge of the matter.
The Chinese company is working with Shenwan Hongyuan Group on a first-time share sale that could take place as early as this year, the person said, asking not to be identified as the information is private.
Zhida could file its preliminary prospectus as soon as this week, said the person. Deliberations are ongoing and details of the IPO including size could change, the person said.
A representative for Zhida did not respond to requests for comment. Shenwan Hongyuan also did not respond to messages.
Founded in 2010, Zhida makes at-home charging systems, portable battery kits, as well as charging robots, according to its website, which says it serves more than 1 million car owners and 70 car brands across China.