China’s biggest vehicle extension Cherges 11% after the debut of Hong Kong – World (OTC: Yes), World (OTC: Yes)

Chinese car maker Chery -car Saw his Hong Kong-Gente Shares rise after his public debut on the Hong Kong Exchange.

Chery picks up $ 1.2 billion

The company, the largest vehicle expansion in China, was collected during his IPO over HK $ 9.1 billion ($ 1.2 billion) that saw the stock rate rise by 11% higher to HK $ 34.16. The first share price at the IPO debut was HK $ 30.75, CNBC reported on Wednesday.

China’s other Hong Kong-Gente Car Companies

Interestingly, Chery is not the first industrial business -related company that performs well on his debut in Hong Kong. Contemporary Amperex Technology Co. Ltd. (Catl), the Chinese EV battery giant, has also done an impressive performance, with more than $ 4.6 billion and rose 12.5% ​​to HK $ 296 of the initial prize of HK $ 263 in May.

However, Byd Co. Ltd. Are Are A slump in his shares in Hong Kong, because the shares recently fell by 6% after the company had reported a profit drop of 30% despite strong European growth.

Hesai Group’s Multi-Miljoen Dollar Deal

Elsewhere, Lidar manufacturer Hesai Group HSAI announced that it had signed an agreement worth $ 40 million with an unnamed American autonomous cabin. Because of the deal, Hesai would deliver both short and long-distance lidar sensors to the Robotaxi company until the end of 2026.

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