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China’s Chery to debut in third quarter as carmaker uses Hong Kong as a global springboard

Hong Kong Chief Executive John Lee touts city’s capital markets and professional services at auto expo

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Hong Kong Chief Executive John Lee Ka-chiu (eighth from the left) officiating the opening of the 2025 Hong Kong Automotive Expo at the AsiaWorld Expo on June 12, 2025. Photo: Cao Li
Chery Automobile, China’s second-largest carmaker by volume, is seeking to complete its Hong Kong initial public offering (IPO) in the third quarter of this year, its chairman said.

At the 2025 International Automotive & Supply Chain Expo in Hong Kong on Thursday, Yin Tongyue said the company was seeking to use the city as a launching pad into the global market. Chery, based in Wuhu in central Anhui province, has filed its intention to list on the Hong Kong stock exchange.

“We hope to have more of our manufacturing, research and development, and [more of our] data in Hong Kong to fully utilise the city’s advantages,” Yin said.

At the opening of the expo, Hong Kong Chief Executive John Lee Ka-chiu said the city’s internationally linked capital markets and quality professional services stood out to mainland companies that wanted to raise funds and promote themselves to a global audience. He added that Hong Kong was a critical link for global companies seeking to get a foothold on the mainland.

“The government is fully committed to promoting the development of the new energy vehicle industry,” Lee said.

“Hong Kong has made remarkable progress in popularising electric vehicles (EVs) – the number of EVs has increased eightfold from 14,000 five years ago to 110,000 at the end of last year,” Lee said. “Currently, seven out of every 10 newly registered private cars in Hong Kong are electric, a growth rate among the world’s highest.”

He added that Hong Kong’s stock market is “vibrant and interconnected with the mainland.” Last month, its average daily turnover exceeded HK$210 billion (US$26.8 billion). The city last month hosted the world’s largest IPO this year: the US$5.2 billion stock offering by Contemporary Amperex Technology (CATL), the world’s largest maker of batteries for EVs.
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