Chinese fuel cell maker eyeing SPAC deal for $1B US listing
https://techcrunch.com/2022/05/02/chinese-fuel-cell-maker-eyeing-spac-deal-for-1b-us-listing/
A Chinese provider of hydrogen used in fuel cell vehicles is considering a NASDAQ debut early next year via a SPAC merger that would land it a $1 billion valuation after listing.
If the deal with its undisclosed suitor goes through, Shenzhen State Fuel Cell Corporation (SFCC) will become the latest in a long line of electric vehicle companies to choose the short route to an IPO.