The Hong Kong IPO application documents submitted by Ningbo Joyson Electronic Corp. (600699.SH) on January 16 have now lapsed after the standard six-month validity period expired on July 16. China International Capital Corporation (CICC) and UBS Group AG previously served as joint sponsors for this listing attempt.
According to the prospectus, this leading global provider of intelligent automotive technology solutions delivers advanced products and systems across critical automotive sectors, particularly focusing on automotive electronics and vehicle safety. Market research firm Frost & Sullivan ranks the company as China's second-largest and the world's fourth-largest supplier of smart cockpit domain control systems by 2023 revenue.
The same analysis positions the firm as the second-largest global automotive passive safety product provider. Frost & Sullivan data further indicates Ningbo Joyson Electronic stood as China's second-biggest independent auto parts supplier based on last year's revenue performance.
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