New stock news | Tailing Technology submits application to Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on January 30th, Taiwan Merida Technology Co., Ltd. (referred to as Taiwan Merida Technology) submitted its listing application to the main board of the Hong Kong Stock Exchange, with CITIC SEC and CMSC International as its joint sponsors. The prospectus shows that Taiwan Merida Technology is a leading brand of electric lightweight transportation vehicles that advocates green, low-carbon, and intelligent travel experiences. As the pioneer of "long-range electric two-wheeled vehicles" in mainland China, the company focuses on this strategic market position and has established a comprehensive product portfolio covering electric bicycles, electric motorcycles, and electric tricycles. In addition, the company also provides batteries as accessories, which are sold together with its vehicles. According to Frost & Sullivan data, based on 2024 revenue, Taiwan Merida Technology ranks third in the global electric lightweight transportation vehicle market with a market share of approximately 5.2%. Based on 2024 revenue for electric two-wheeled vehicles, the company ranks third in mainland China with a market share of approximately 12.7%.