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Anhui's new energy vehicle (NEV) industry now counts 21 listed companies

Pub Date:2023-08-24 15:48 Source:english.anhuinews.com

Recently, it was learned from the Anhui Provincial Local Financial Supervision and Administration Bureau that our province has added 15 domestic and overseas listed companies this year, including 4 companies in the new energy vehicle industry, accounting for 27% of the total. As of now, there are a total of 21 listed companies in the province's NEV industry, accounting for 12% of all listed companies.

Anhui is accelerating the construction of a competitive NEV industry cluster. Since the beginning of this year, the provincial financial regulatory authorities have been seizing the strategic opportunities of comprehensive registration system reform of stock issuance, conducted in-depth investigation of upstream and downstream companies in the automotive industry, promoted the standardization of key companies, and categorized connections with the Shanghai Stock Exchange, Shenzhen Stock Exchange, Beijing Stock Exchange, and domestic and overseas capital markets. Efforts are being made to leverage the capital market as a hub and promote the high-quality development of the automotive industry in the province. Currently, among the companies in the NEV industry, Foresight Technology has been registered and is awaiting issuance, and IPO applications of 4 companies including A-Rising New Energy are under review, while 6 companies including ATECH Automotive are under counseling and filing for IPO.

In addition, the innovation capabilities of listed companies continue to strengthen. Since the implementation of the registration system, Anhui province has added 10 listed companies in the NEV industry, with an initial financing scale of 6.451 billion yuan, expanding the sources of research and development funds. In 2022, the total R&D expenses of listed companies in our province's NEV industry reached 7.538 billion yuan, with an average R&D expenditure of 359 million yuan, which is 1.36 times the average R&D investment of listed companies in our province.

Source: Anhui Daily

Editor:Zheng Chen

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