New stock news | Zhi Rent IoT submits listing application to Hong Kong Stock Exchange

According to the latest information from the Securities Times APP, on May 29, the Hong Kong Stock Exchange disclosed that Zhizhu (referred to as Zhizhu) has submitted its listing application to the main board of the Hong Kong Stock Exchange, with Shenwan Hongyuan (HK) Limited as its exclusive sponsor. The prospectus shows that Zhizhu is a leading provider of battery swapping solutions in China, focusing on providing safe, efficient, convenient, green, and intelligent battery swapping solutions for light electric vehicle riders. The company has built an integrated business model with intelligent battery swapping solutions as its core, supported by the Zhizhu Cloud platform, and supplemented by hardware sales. According to Frost & Sullivan data, based on revenue projections for 2025, Zhizhu is the fourth largest provider of battery swapping solutions for light electric vehicles in China, with a market share of 5.8%.