New Stocks News | Zhejiang Taotao Vehicles (301345.SZ) submits application to Hong Kong Stock Exchange, electric low-speed vehicle sales entering the forefront of the global market

According to the disclosure by the Hong Kong Stock Exchange on October 31, Zhejiang Taotao Vehicles (301345.SZ) submitted its listing application to the main board of the Hong Kong Stock Exchange, with CITIC SEC as the sole sponsor. The prospectus shows that the company is a global leading enterprise dedicated to providing outdoor leisure and electric travel solutions. According to Frost & Sullivan data, the company is ranked second in the global electric low-speed vehicle industry by revenue in 2024, with a global market share of approximately 8.4%. The company offers innovative solutions that combine entertainment and practicality through its industry-leading diversified product portfolio. The company's business covers two main divisions: (1) electric travel products, including (i) electric low-speed vehicles for community and on-site short-distance travel growth, and (ii) electric two-wheeled vehicles, including electric bicycles, electric scooters, and electric balancing vehicles; and (2) outdoor special vehicles, also known as power sports, including all-terrain vehicles and off-road motorcycles. These products are widely used for community short-distance commuting, leisure sports, smart travel, and special operation scenarios. Based on deep technological accumulation, the company is actively expanding into cutting-edge areas such as humanoid Siasun Robot & Automation, aiming to open up new long-term growth paths. According to Frost & Sullivan data, the company is a leading enterprise in China's electric travel industry to expand overseas. In 2024, over 99% of the company's revenue came from overseas markets, with the United States as the largest export destination. The company's development follows a clear strategic framework: expanding product matrix, deepening channel ecology, and driving brand value leap through innovation. Guided by this strategy, the company continues to optimize its existing product portfolio while actively cultivating sustainable growth engines. Since launching its electric low-speed vehicle products in 2022, precise market positioning, extensive marketing network, and diversified brand matrix have helped this emerging business line achieve rapid breakthroughs. Within three years since the company released its electric low-speed vehicles, the sales of these vehicles have ranked among the top globally, demonstrating strong market penetration. In terms of performance, the company's revenue for the years ending December 31, 2022, 2023, and 2024, as well as the seven months ending July 31, 2024 and 2025, were RMB 176.57 million, RMB 214.42 million, RMB 297.66 million, RMB 167.75 million, and RMB 206.84 million, respectively.