New stock news | Ningbo Joyson Electronic Corp.(600699.SH) started PDIE trading on October 20th with a trading volume of approximately 4 to 5 billion US dollars.

According to reports from Unicorn, Ningbo Joyson Electronic Corp. (600699.SH) will launch Pre-Deal Investor Education (PDIE) for its Hong Kong stock market debut on October 20, with a target transaction size of approximately $400-500 million. The company submitted its second draft to the Hong Kong Stock Exchange on August 7, with CICC and UBS Group as its joint sponsors. Currently, the Hong Kong IPO of Ningbo Joyson Electronic Corp. has been approved by the China Securities Regulatory Commission. According to the prospectus, Ningbo Joyson Electronic Corp. is a provider of intelligent automotive technology solutions, offering advanced products and solutions in the key areas of the automotive components industry (mainly automotive electronics and automotive safety). The company's business focuses on the research and development, manufacturing, and sale of automotive components, ranking 41st in the global automotive components industry in 2024. According to Frost & Sullivan data, by revenue, the company is the second largest supplier of automotive passive safety products in China and globally. Ningbo Joyson Electronic Corp. has built a highly globalized platform. As of April 30, 2025, the company has over 25 research and development centers and more than 60 production bases worldwide, covering major automotive markets in Asia, Europe, and North America. The company's globalization strategy has proven to be very effective, with overseas sales accounting for 74.7% of total revenue in 2024. Additionally, the company has ranked first in the top 100 Chinese multinational companies and multinational indexes from 2021 to 2024. The funds raised by the company are intended to be used for research and commercialization of new generation automotive intelligent solutions and cutting-edge technologies, enhancing the company's leadership position in the smart automotive technology industry, seizing opportunities for transformation in the downstream automotive industry; improving the company's production and manufacturing capabilities, optimizing its supply chain management, and improving cost efficiency; expanding the company's overseas market share, and partnering with OEM customers to achieve overseas expansion. It is worth noting that on October 16, Siasun Robot & Automation officially launched the new generation industrial-grade interactive humanoid operations Siasun Robot & Automation Elf G2, and simultaneously started the first batch delivery for the contract of over 100 million with Ningbo Joyson Electronic Corp. According to the plan, the first batch of Elf G2 will be deployed on Ningbo Joyson Electronic Corp.'s automotive components production line. This move marks the official implementation of interactive humanoid intelligent technology in the automotive components manufacturing scene.