Chinese Electric-Truck Maker Windrose Seeks U.S. IPO in 2024

(Bloomberg) — Chinese electric-truck maker Windrose Technology Inc. has started preparatory work for an initial public offering in the U.S. next year as it plans the commercial roll out of its first vehicle. 

The company is selecting investment banks and aims to raise at least $200 million, founder and chief executive officer Wen Han told Bloomberg News. Proceeds will go toward research, development and production of Windrose’s zero-emission trucks, which are equipped with autonomous driving technology.