Abstract: Afari is seeking to raise at least USD 100m through an A+H listing. CICC is the sole sponsor. We look at the company's core segments: new energy vehicles and motorcycle exports. We discuss our preliminary thoughts on the company's fair value based on A-H premium.
WEICHAI POWER, BYD, BYD, GAC, GREAT WALL MOTOR, WEICHAI POWER, SERES, GUANGZHOU AUTOMOBILE, GREAT WALL MOTOR, CHONGQING QIANLI TECHNOLOGY, HORIZON ROBOTICS, ZHEJIANG LEAPMOTOR TECHNOLOGY, XPENG, SERES, GEELY AUTOMOBILE
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