Desay SV plans A-share offering to boost automotive tech

Huizhou Desay SV Automotive (SZSE:002920) is planning an A-share offering to specific targets to fund projects focused on intelligent cockpits, intelligent driving systems, and related technologies. The company aims to strengthen its position in the automotive electronics market, planning to allocate funds to its central and western China base, and for intelligent car electronic component production. The prospectus highlights potential risks including market competition and fluctuations in raw material costs. The offering will not change the company’s control structure, and is in compliance with regulations. No financial amount for the offering was disclosed, but the document indicates that proceeds will support future revenue growth and long-term shareholder value. The prospectus was issued on March 21, 2025.