China Auto Daily丨 Seres Eyes Hong Kong IPO, CATL Plans $5 Billion Listing

CPCA: Forecasts December narrow-passenger car retail market to be around 2.7 million units, a year-on-year increase of 14.8%

According to preliminary estimates by the CPCA, December's narrow-passenger car retail in China is expected to be around 2.7 million units, a year-on-year increase of 14.8%, and a month-on-month increase of 11.4%. New energy retail is expected to reach 1.4 million units, with a penetration rate of about 51.9%.

GAC Aion, GAC Energy sign strategic cooperation agreement with Thailand's Provincial Electricity Authority (PEA)

Aion Automobile Sales (Thailand) Co., Ltd., GAC Energy Technology (Thailand) Co., Ltd., and Thailand's Provincial Electricity Authority (PEA) recently signed a strategic cooperation agreement in Bangkok. The agreement stipulates that PEA/AION/GAC ENERGY will form a strategic collaboration to promote the entry and testing of GAC Energy's AC/DC series smart charging products through the PEA VOLTA platform, and to achieve interoperability with Aion Thailand's charging platform; to jointly promote the use of electric vehicles in government departments and public institutions, and to study guidelines and strategies.

Seres plans to go public in Hong Kong for the second time, raising about $1 billion

On December 19th, it was reported that Seres may go public in Hong Kong for the second time, hiring CICC and CITIC Construction Investment as its listing sponsors, with a target of raising over $1 billion, and plans to complete it next year at the earliest. As early as 2021, Seres (then known as "Xiaokang Holdings") announced its intention to issue overseas listed shares (H shares) and apply for listing on the Main Board of The Stock Exchange of Hong Kong Limited. Currently, Seres is listed on the Shanghai Stock Exchange, with revenue of 41.582 billion yuan in the third quarter, a year-on-year increase of 636.25%, a net profit attributable to the parent company of 2.413 billion yuan, and a market value exceeding 170 billion, ranking second only to BYD and Great Wall Motor in the A-share automobile sector.

CATL considering Hong Kong listing, raising at least $5 billion

On December 19th, it was reported that Contemporary Amperex Technology Co., Ltd. (CATL) is considering a secondary listing in Hong Kong, potentially raising at least $5 billion, which could become the largest listing transaction in Hong Kong since the beginning of 2021. According to informed sources, CATL is communicating with potential advisors and may go public as early as the first half of 2025. If the financing scale is $5 billion, it could exceed Midea Group's $4.6 billion listing in September, becoming the largest Hong Kong stock offering since Kuaishou Technology raised $6.2 billion at the beginning of 2021.