Hozon is considering an initial public offering in Hong Kong to raise $1 billion next year, making it the latest Chinese electric vehicle maker to weigh up tapping investors close to home, Bloomberg reported on Nov. 12. Backed by an investment arm of the city of Yichun in central Jiangxi province, Hozon currently makes and sells three models under its Nezha brand. Fellow Chinese vehicle makers WM Motor and Sequoia Capital China-backed Leapmotor are also said to be targeting their own Hong Kong IPOs as early as next year, the report said. [Bloomberg]