Chery Automobile, China’s second-largest carmaker by sales, plans to raise up to HK$9.14 billion ($1.17 billion) through a Hong Kong listing. The company will offer 297.4 million shares priced between HK$27.75 and HK$30.75 ($3.56-$3.95). Final pricing is set for September 23, with trading beginning September 25. About 10% goes to retail investors. The IPO comes as investor appetite for China’s EV supply chain strengthens. Overseas revenue reached 26.29 billion RMB ($3.63 billion) in Q1 2025, accounting for 38.5% of total revenue. Founded in 1997, Chery ranked second among Chinese automakers in 2023 and 2024.