Afeela Technology Files for Hong Kong Listing as 2025 Deliveries Surge 99.2% to 122,702 Units

According to Hong Kong Exchanges and Clearing (HKEX) disclosure on June 30, Afeela Technology filed for listing on the HKEX main board, with CITIC Securities and China International Capital Corporation as joint sponsors.

The company, which designs, develops and sells new energy passenger vehicles including battery electric vehicles (BEVs) and range-extended electric vehicles (REEVs), saw total deliveries reach 122,702 units in 2025, up 99.2% year-over-year from 2024. Since starting deliveries in December 2022, the company has grown from 20,021 units in 2023 to the 2025 figure, with November 2025 marking a record monthly delivery of 14,211 units. Revenue grew to 256.31 billion yuan in 2025 from 151.95 billion yuan in 2024, with gross margin improving to 9.4% from 6.3%.