简讯：奇瑞启动重磅IPO 有望成今年最大车企上市案

Core Viewpoint - Chery Automobile Co. Ltd is launching an IPO in Hong Kong aiming to raise over $1 billion, potentially becoming the largest automotive IPO of the year [2] Group 1: IPO Details - The company plans to issue approximately 297 million shares, with a price range of HKD 27.75 to HKD 30.75 per share [2] - If priced at the upper limit, the total fundraising amount could reach HKD 91.4 billion (approximately $11.8 billion) [2] Group 2: Financial Performance - Chery has been the largest exporter of Chinese self-owned passenger car brands since 2003 [2] - In 2024, the company's revenue is projected to reach CNY 269 billion (approximately $37.8 billion), representing a 65.4% increase year-on-year [2] - Net profit for the same period is expected to grow by 37.2% to CNY 14.3 billion [2] - For Q1 2025, revenue is anticipated to rise from CNY 54.9 billion to CNY 68.2 billion, marking a 24% increase [2] - Sales revenue from new energy vehicles (NEVs) is a key growth driver, surging nearly fourfold to CNY 18.7 billion, accounting for over 25% of total revenue [2] Group 3: Strategic Initiatives - The company is accelerating the deployment of its intelligent driving system across its entire brand line, offering multi-level autonomous driving capabilities [2] - A portion of the funds raised from the IPO will be allocated to expanding the NEV product portfolio, upgrading the new energy power systems, and enhancing the NEV platform architecture [2] - Significant investment will also be directed towards large-scale R&D to strengthen core technological capabilities [2]