Zhizi Automobile Technology, a company founded by DECH Future Automobile Technology, is contemplating a Hong Kong IPO later this year to raise around $200 million. Zhizi specializes in hydrogen fuel cell-powered trucks and operates in various sectors like new energy, intelligent connectivity, new materials technology, and components manufacturing. Co-founder Yang Yang shared that the company's sales exceeded $138 million in 2023 and has completed multiple financing rounds. Additionally, there are plans to establish a hydrogen energy research institute in Hong Kong to leverage local academic resources and drive technological innovation. Yang highlighted Hong Kong's favorable conditions in terms of customer demand and financing, suggesting it can serve as a strategic hub for Zhizi's global expansion, particularly targeting markets in Southeast Asia, Europe, the U.S., and the Middle East.