Dahua, Shanghai Electric and CRRC are set to exit the smart EV manufacturer, which is reportedly set to raise at least $1bn in the flotation.

Leapmotor, the China-headquartered electric vehicle (EV) producer that counts corporates Dahua Technology, Shanghai Electric and CRRC among its investors, has filed for an initial public offering on the Hong Kong Stock Exchange. The company did not disclose the number of shares it plans to offer or the size of the offering, but sources privy to…

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