Sunwoda Electric Vehicle Battery Co. Considering IPO in Hong Kong

Sunwoda Electric Vehicle Battery Co., a unit of Sunwoda Electronic Co., is considering an IPO in Hong Kong due to challenges faced by Chinese companies in getting approvals for listings on mainland exchanges. The EV battery maker had applied to list on Shenzhen’s ChiNext board last year and successfully raised 1.65 billion yuan in a financing round. Stay tuned for more updates on this potential IPO and its impact on Sunwoda Electronic’s stock performance.