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Market Chatter: Chery Automobile Robotics Division Plans IPO

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Chery Automobile's (HKG:9973) robotics unit, AiMOGA Robotics, is preparing for a future listing as it aims to increase its humanoid robot deliveries by 2027, Reuters reported Wednesday, citing an interview with division chief Zhang Guibing.

The company is making "relevant preparations" and deliberating on the IPO venue, the report said, citing Zhang's remarks on the sidelines of the World Robot Conference in Beijing.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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