Valuation 50 billion yuan? It is rumored that Chery plans to spin off its automobile business and list, but the official has no response yet

On October 8th, according to recent reports, Chery Holdings is considering listing its automotive division in Hong Kong recently, with a valuation of about 50 billion yuan. In this regard, the reporter checked with Chery, but no reply has been received as of press time. According to Chery's plan, it needs to complete the IPO plan before 2025. However, the IPO reporting period is generally three years, plus pre-listing counseling, cornerstone investor recruitment, performance sprint and other pre-listing preparations, Chery wants to go public next year, and the time is very tight.