IPO News | Zhendrive Technology Submits Listing to Hong Kong Stock Exchange

The Zhitong Finance App learned that according to the Hong Kong Stock Exchange disclosure on January 2, Zhendrive Technology (Shanghai) Co., Ltd. (abbreviation: Zhendrive Technology) submitted a listing application to the main board of the Hong Kong Stock Exchange, with CITIC Securities and Cathay Pacific Haitong as co-sponsors. The company is a supplier of technology-driven electronic control solutions, mainly for the NEV sector. According to Frost & Sullivan, the company's main solutions are in a leading position in the Chinese market in terms of installed capacity: in terms of motor controllers, in 2024 and for the nine months ending September 30, 2025, the company ranked 11th and 8th respectively. In terms of dual motor controllers, the company ranked third for the nine months ended September 30, 2025.

According to the prospectus, as of September 30, 2025, the company has won 50 fixed points from 13 OEMs directly or through tier-1 suppliers. Winning a spot with an OEM usually means that the company's solutions will be integrated into multiple models developed by the OEM and throughout the life cycle of each model. As of September 30, 2025, the company's solutions have been applied to 82 models, 54 of which have entered mass production.