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Chery weighs Hong Kong IPO for $7 billion auto arm

Chery IPO
An Omoda EV on the Chery Automobile Co. stand during the opening day of the 2023 Geneva International Motor Show Qatar on Oct. 6, 2023 (BLOOMBERG)
JF
By:
JULIA FIORETTI
DC
By:
DONG CAO
PL
By:
PEI LI
B
By:
Bloomberg
|
October 07, 2024 12:35 PM

Chery Holdings Co. is considering a Hong Kong initial public offering for its automotive unit that could value it at about 50 billion yuan ($7.1 billion), according to people familiar with the matter.

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