以下文章来源于钛媒体 ，作者韩敬娴 钛媒体 . 新鲜犀利的财经见闻，放眼国际的前沿技术，还有罕见披露的内幕消息。钛媒体 （www.tmtpost.com），引领未来商业与生活新知，一个投资者与创新者酷爱聚集的地方。还可下载钛 媒体App，24小时不间断更新和互动。 将投中网设为"星标⭐"，第一时间收获最新推送 产能过剩逼出了资本新出路。 作者丨 韩敬娴 编辑丨 李玉鹏 来源丨 钛媒体 港股市场正成为锂电企业的"战略补给站"。毕马威数据显示，2025年第一季度香港IPO集资总额同 比激增近三倍，创2021年以来最佳开局。截至6月底，港交所IPO申请数量达240家，较2024年增 长近两倍。 其中锂电池企业成为主力军。2025年5月20日，香港交易所的铜锣被宁德时代高管敲响。这家市值 1.3万亿的锂电巨头以每股263港元定价，募资超350亿港元，创下上半年全球最大IPO纪录。就在 同一周，亿纬锂能向港交所递交上市申请；7月初，欣旺达、星源材质、天赐材料相继宣布启动港股 IPO。 产能过剩逼出资本新出路 向行业内观察，历经数年高速扩张，中国锂电行业已步入深度调整阶段。产能扩张的惯性尚未消退， 而新一代技术研发如同无 ...

Core Points - Multiple customers in Wuhan have reported issues with Ferrari vehicle deliveries and refunds from Wuhan Jun Dong Automobile Sales Company, with contracts signed in 2022 and 2023, and refunds promised in 2024 yet to be received [1] - The parent company, Yuntian (China) Investment Co., Ltd., is facing financial difficulties, leading to a lack of funds for refunds, and has suggested customers seek alternative solutions such as selling other vehicles or issuing lawyer letters [1][2] - Yuntian (China) Investment Co., Ltd. is a subsidiary of the Hong Kong Chow Tai Fook Group and has been an authorized dealer for Ferrari and Maserati in China since 2005, operating 23 sales companies across various cities [2] Company Issues - The Wuhan Jun Dong Automobile Sales Company has been reported to have a strained cash flow, with at least five customers awaiting refunds [1] - Several companies under the "Jun" brand have faced legal actions, including forced executions and tax penalties, indicating broader financial and operational challenges within the group [2] - Social media has seen numerous complaints from customers regarding undelivered vehicles and unfulfilled refund requests from "Jun" brand stores over the past two years [3]