China manufacturer Yadea pops up again

[LockH]

"Yadea rides into HK with $240m IPO"
http://www.financeasia.com/News/407921,yadea-rides-into-hk-with-240m-ipo.aspx

Yadea Group Holdings, a manufacturer and seller of electric motorcycles and bicycles, is targeting as much as HK$1.86 billion ($240 million) from an initial public offering in Hong Kong officially launched on Thursday.

The Huizhou, Guangdong-headquartered company is set to be the first pure-play electric vehicle manufacturer listed in Hong Kong, so will offer some welcome diversity to an equity capital market that has been skewed towards financial institutions so far this year.

According to Yadea’s prospects, it...up slightly to 5.6% over the next five years.

 

[liveforphysics]

That's awesome news!!

 

[LockH]

More on Yadea from last May:

"E-bike manufacturer Yadea to raise $286m in Hong Kong"
http://www.chinadaily.com.cn/business/2016-05/12/content_25227044.htm

Stuff like:

Yadea's services include the design, research, production and sales of two-wheeled electronic vehicles. Headquartered in Wuxi in Jiangsu province, its production capacity hit 5.1 million units at the end of June last year.

last year which delivered net profit at 376 million yuan, a 68 percent rise on the same period the previous year.

At around 2,000 yuan per unit, the same as a mobile phone, two-wheelers are considered ideal for commuting, due to their compact design and price.

8)

Competition in the market, however, is severe as they are easy to build.

"Too hard" for NA car manufacturers. Obviously... (Market too "car addicted" maybe? Hehe)

Some manufacturers sacrifice quality for the sake of price [cough cough], but the government is now expected to formulate industrial standards for such vehicles, ensuring more spending on R&D in future.