IPO News | Rumor has it that Tuopu Group (601689.SH) plans to go public in Hong Kong to raise about 1 billion US dollars

The Zhitong Finance App learned that according to reports, domestic auto parts company Ningbo Tuopu Group Co., Ltd. (601689.SH) is considering raising about 1 billion US dollars (about 7.8 billion HK$7.8 billion) through listing on the Hong Kong Stock Exchange, and related preparations are underway. If finally implemented, it will be one of the largest overseas financing projects in the automotive supply chain sector this year. Up to now, Ningbo Tuopu Group has not made an official response to the relevant listing plans.

According to public information, Ningbo Tuopu Group is a platform-based auto parts enterprise driven by technology. Its business covers various segments such as automotive power chassis systems, trim systems, and intelligent driving systems. The company has strong R&D capabilities in lightweight chassis, NVH control, electronic control, etc., and has continued to increase the layout of new energy vehicle components in recent years.

Tuopu Group has established long-term cooperative relationships with many mainstream domestic and foreign automakers, including mainstream international and Chinese car brands such as Audi, BMW, GM, Ford, Volkswagen, and Geely, and has participated in platform-based R&D and supply systems for various global models. The company has production bases and R&D centers in many parts of the world to support growing international business needs.