New stock news | Intelligent Renting IoT submitted application to HKEx

According to the disclosure on May 29 by the Hong Kong Stock Exchange, Zhi Zu IoT Technology Group Limited ("Zhi Zu IoT") has submitted its listing application to the main board of the Hong Kong Stock Exchange, with Shenwan Hongyuan Group Hong Kong as its exclusive sponsor. The prospectus shows that Zhi Zu IoT is a leading provider of battery exchange solutions in China, focusing on providing safe, efficient, convenient, green, and intelligent battery exchange solutions for light electric vehicle riders. The company has built an integrated business model with smart battery exchange solutions as the core, supported by the Zhi Zu cloud platform, and supplemented by hardware sales. According to Frost & Sullivan data, based on revenue projections for 2025, Zhi Zu IoT is the fourth largest battery exchange solution provider for light electric vehicles in China, with a market share of 5.8%.