Envision AESC, a main global manufacturer of EV lithium batteries and energy storage systems, is considering an IPO in Hong Kong as early as this year, foreign media quoted insiders as saying. The Company is working with banks on the potential share offering. The issuance is expected to raise between US$1 billion and US$2 billion.Related News JPM Cuts HKEX (00388.HK) TP to HKD510, Raises EPS Forecast, Maintains OverweightEnvision AESC received investments from Singapore's sovereign wealth fund, GIC, and HSG, a private equity firm.
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