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Shanghai Zhida Technology Development, which makes electric-vehicle charging systems, is working with Shenwan Hongyuan on an IPO, source says. Its systems are used by 70 car brands in China.
(Bloomberg) -- Shanghai Zhida Technology Development Co., a maker of electric-vehicle charging systems, is considering an initial public offering in Hong Kong that could raise about HK$1 billion ($128 million), according to a person with knowledge of the matter.Most Read from BloombergBYD’s New $233,450 EV Supercar to Rival Ferrari, LamborghiniStock Rally Stalls at Start of Data-Packed Week: Markets WrapFreddie Mercury’s London Residence Lists at £30 MillionJacob Rothschild, Financier and Philan