China EV maker Hozon Auto appoints bankers for $1b Hong Kong IPO

China EV maker Hozon Auto appoints bankers for $1b Hong Kong IPO

REUTERS/Bobby Yip

Chinese electric vehicle (EV) maker Hozon Auto has appointed China International Capital Corporation (CICC) and Morgan Stanley to work on a Hong Kong initial public offering (IPO) that could reportedly raise up to $1 billion, according to sources with direct knowledge of the matter.