Core Viewpoint - Dayang Electric (002249) has submitted a listing application to the Hong Kong Stock Exchange, with Citigroup and Huatai International as joint sponsors [1] Company Overview - The company specializes in the design, manufacturing, and sales of electric motors and drive control systems [1] - According to Frost & Sullivan, Dayang Electric ranks among the global leaders in HVAC electric drive solutions and starter motors, holding a leading position in both the Chinese and North American markets [1] - In terms of sales revenue from powertrain systems for new energy vehicles in 2024, the company ranks fifth among third-party suppliers in China [1] International Business Expansion - Dayang Electric has strong capabilities in overseas business expansion, with its overseas sales revenue accounting for the highest proportion among third-party suppliers in China in 2024 [1] - As of June 30, 2025, the company operates 15 production bases globally, with 6 located overseas (in the United States, the United Kingdom, Vietnam, Thailand, Mexico, and India) [1]