Tuopu Group (601689.SH) Plans Hong Kong IPO to Raise Approximately $1 Billion

Stock News12-09

It is reported that Ningbo Tuopu Group Co.,Ltd. (601689.SH), a leading Chinese automotive parts manufacturer, is considering a Hong Kong listing to raise around $1 billion (approximately HK$7.8 billion), with preparatory work currently underway. If successful, this would become one of the larger overseas financing projects in the automotive supply chain sector this year. As of now, Tuopu Group has not officially responded to the listing plans.

Public information shows that Tuopu Group is a technology-driven platform-based automotive components company with businesses spanning multiple segments including powertrain chassis systems, trim systems, and intelligent driving systems. The company possesses strong R&D capabilities in lightweight chassis, NVH control, and electronic control systems, and has been increasing its focus on new energy vehicle components in recent years.

Tuopu Group has established long-term partnerships with numerous domestic and international automakers, including global and Chinese mainstream brands such as Audi, BMW, GM, Ford, Volkswagen, and Geely. The company participates in platform development and supply systems for multiple global vehicle models. With production bases and R&D centers located worldwide, Tuopu Group supports its growing international business operations.

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