Wolong Electric Group's Hong Kong IPO Prospectus Lapses

Stock News
Feb 13

Wolong Electric Drive Group Co., Ltd. (Wolong Electric Group Co.,Ltd.) saw its application for a Hong Kong IPO expire on February 13, 2026. The prospectus, originally submitted on August 13, 2025, became invalid after the standard six-month period. At the time of filing, China International Capital Corporation (CICC), Huatai International, and GF Securities (Hong Kong) acted as the joint sponsors. According to the prospectus, Wolong Electric Group is a globally leading provider of electric drive system solutions, specializing in the research and development, production, sales, and service of electric drive system products and solutions. Data from Frost & Sullivan indicates that based on 2024 revenue, Wolong Electric Group ranked first in the global explosion-proof electric drive system solutions market with a market share of approximately 4.5%, fourth in the global industrial electric drive system solutions market with a share of about 2.8%, and fifth in the global HVAC electric drive system solutions market with a share of around 2.0%.

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