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Chinese Electric Truck Maker Windrose Will Seek US IPO in 2024

November 6, 2023

Via: Transport Topics

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Chinese electric truck maker Windrose Technology has started preparatory work for an initial public offering in the U.S. next year as it plans the commercial rollout of its first vehicle.

The company is selecting investment banks and aims to raise at least $200 million, founder and CEO Wen Han told Bloomberg News. Proceeds will go toward research, development and production of Windrose’s zero-emission trucks, which are equipped with autonomous driving technology.

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