Tuopu Group(SH:601689) Zhi Tong Cai Jing·2025-12-09 13:11Core Viewpoint - Ningbo Top Group Co., Ltd. is considering an IPO in Hong Kong to raise approximately $1 billion (around HKD 7.8 billion), which would be one of the largest overseas financing projects in the automotive supply chain this year [1] Company Overview - Ningbo Top Group is a technology-driven platform automotive parts company, with business covering multiple segments including automotive powertrain systems, decorative systems, and intelligent driving systems [1] - The company has strong R&D capabilities in lightweight chassis, NVH control, and electronic control systems, and has been increasing its investment in components for new energy vehicles in recent years [1] Partnerships and Collaborations - The company has established long-term partnerships with several major domestic and international automakers, including Audi, BMW, General Motors, Ford, Volkswagen, and Geely, participating in the platform development and supply chain for various global vehicle models [1] Global Presence - Ningbo Top Group has set up production bases and R&D centers in multiple locations worldwide to support the growing demand for its international business [1]