Geely: It is proposed to spin off Jikrypton and go public independently, still as a non-wholly owned subsidiary

[Smart Car News] On December 13th, Geely Automobile announced on the Hong Kong Stock Exchange today that it proposed to spin off Jikrypton and list it independently. at 25%. Geely stated in the announcement that as of the date of this announcement, Jikrypton is a non-wholly-owned subsidiary of the company; after the proposed spin-off is completed, it is expected that Jikrypton will continue to be a non-wholly-owned subsidiary of the company.

Jikrypton 001 Electric Vehicle

According to the announcement, the company believes that the proposed spin-off is in the overall interests of shareholders, will allow investors to better evaluate the group and focus on retaining the business, while providing Jikrypton with continuous direct and independent access to equity and debt capital markets when needed. Chance. In view of industry trends and based on the assessment of the Group and Jikr’s business and operations, the proposed spin-off will enhance the value of Jikr, enable Jikr to develop independently and fully release its potential, thereby benefiting shareholders.

Geely Announcement

The announcement also shows that Jikrypton is a limited company incorporated in the Cayman Islands, mainly engaged in the research and development and sales of pure electric passenger vehicles under the “Jikrypton” brand, batteries and other components (including electric motors) for new energy passenger vehicles, as well as providing related Serve.

According to previous sales data, Jikrypton delivered a total of 11,011 Jikrypton 001 electric vehicles in November this year, a year-on-year increase of 447.3% and a month-on-month increase of 8.8%. As of the end of November, Jikrypton had delivered a total of 66,611 electric vehicles.