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Clifford Chance advises EV maker Leapmotor on US$807 million Hong Kong IPO and Listing

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29 September 2022

Clifford Chance advises EV maker Leapmotor on US$807 million Hong Kong IPO and Listing

Leading international law firm Clifford Chance has advised Chinese EV maker Zhejiang Leapmotor Technology Co., Ltd. on its US$807 million initial public offering and listing on the mainboard of the Hong Kong Stock Exchange. Hangzhou-based Leapmotor designs and produces electric vehicles for the mid to high-end market in China. In 2021, the company was one of the fastest-growing among the leading pure-play EV makers based in China.

China Co-Managing Partner Tim Wang, partners Fang Liu and Tianning Xiang co-led the deal, with support from a Greater China team including consultants Janet Tang and Sheng Chen, associates April Zhang, Ashley Sun, Chloe Lau and Elaine Lau.

Tim said, "We are proud to bring our team's expertise in the new energy sector to advise Leapmotor on their successful listing, a milestone both for the company and also China's fast-growing EV industry. This IPO highlights significant progress in the global trend in transportation towards electrification and clean energy transition."

Fang added, "We are so glad to assist Leapmotor in completing this landmark IPO. This is the latest testament to our market leading expertise and capabilities in advising new energy champions, global or domestic. In the third quarter of 2022 alone, we have advised on major listings in this sector, including Tianqi Lithium's US$2 billion Hong Kong IPO and the pioneer GDR listings of three EV battery related companies on the SIX Swiss Exchange. We also look forward to Porsche's €9.7 billion IPO and listing on the Frankfurt Stock Exchange, as well as the upcoming Hong Kong IPO and listing of leading EV battery maker CALB."

高伟绅助力零跑汽车8.07亿美元IPO和香港上市

国际领先律师事务所高伟绅就中国电动汽车制造商浙江零跑科技股份有限公司(“零跑汽车”)8.07亿美元首次公开发行和在香港联交所主板上市提供法律服务担任公司律师。零跑汽车总部位于杭州,是中国中高端电动汽车设计制造商。2021年,零跑汽车是中国领先的新兴电动汽车公司中增速最快的公司之一。

本交易由中国区联席管理合伙人王彦峰、合伙人方刘和向天宁共同领导,来自高伟绅大中华区的律师团队为本项目提供支持,包括邓敏蔚、陈盛、张文君、孙沛遥、刘颖珩和刘彦铃。

王彦峰律师表示:"我们很骄傲能够借助我们在新能源领域的专业技能协助零跑汽车成功上市,这对零跑汽车和中国高速发展的电动汽车行业来说都是一项重要里程碑。同时,本交易突显了全球交通运输业向电气化和清洁能源转型趋势的重大进展。"

方刘律师补充道:"我们非常荣幸协助零跑汽车完成此次标志性IPO。这是我们为全球及国内新能源领军企业提供市场领先专业知识和业务能力的最新佐证。仅2022年第三季度,我们就在该领域完成数单重大上市项目,包括天齐锂业20亿美元香港IPO三家电动汽车电池相关行业企业的开创性瑞士GDR发行上市。与此同时,高伟绅团队参与的保时捷97亿欧元IPO以及领先电动汽车电池制造商中创新航IPO均将陆续分别于法兰克福证券交易所及香港联交所完成上市。"