The Chinese manufacturer of electric trucks, Windrose Technologies, has begun preparing for an IPO in the United States early next year as it anticipates the launch of its first vehicle on the market.
Wen Han, the business’s founder and CEO, told Bloomberg News that the company is choosing investment banks and hopes to raise at least $200 million. The money raised will be used to continue researching, developing, and manufacturing Windrose’s autonomous driving technology-equipped zero-emission vehicles.