China Luxury EV Maker Voyah Set for HK Debut Without Fresh Funds

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Electric Vehicles:Voyah Automobile Technology Co., the luxury electric vehicles arm of Dongfeng Motor Group, begins trading in Hong Kong on Thursday after a listing that didn’t involve selling new shares or raising funds.The so-called listing by way of introduction caps a months-long overhaul of the state-owned parent company. Dongfeng pulled its Hong Kong shares and spun off Voyah as a standalone unit to unlock value in its fastest growing EV segment. Investors focused on corporate actions have piled in, lured by an implied valuation seen as at an discount compared with rivals like XPeng Inc and Li Auto Inc.