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Smart Car Firm Backed by Geely Billionaire Explores Hong Kong Listing After US SPAC Deal

  • Consideration for a Hong Kong listing are preliminary
  • Smart car tech firm could joins slew of homecoming deals

Smart car technology company ECARX Holdings Inc. is exploring going public in Hong Kong once it has completed the planned US listing via a merger with a blank-check company, according to people with knowledge of the matter.

The firm, backed by Chinese billionaire Li Shufu and his Zhejiang Geely Holding Group Co., hasn’t decided whether it will raise funds via the Hong Kong listing as considerations are at an early stage, the people said. A listing outside the US could help ECARX hedge any potential delisting risks, one of the people said.