Voyah’s plan to list in Hong Kong by way of introduction has received the necessary approvals.
Voyah (07489.HK) announced on Feb 13 that it has applied to the Hong Kong Exchanges and Clearing (HKEX) for the listing and trading of approximately 885.38 million H shares, with trading set for March 19, 2026.
Since initiating its listing process in August 2025, Voyah submitted its formal application in October and completed multiple layers of regulatory review, including approvals from the National Development and Reform Commission, Ministry of Commerce, State Administration of Foreign Exchange and the China Securities Regulatory Commission. The company finalized all pre-listing compliance procedures within four months.
Voyah’s plan to list in Hong Kong by way of introduction has received the necessary approvals, including shareholder consent for share distribution and listing arrangements. The designation for state-owned shareholders has also been secured.
As Dongfeng Motor’s premium new energy vehicle brand, Voyah has delivered notable performance growth over the past three years.
Sales increased from 50,285 units in 2023 to 150,169 units in 2025, representing a three-year compound annual growth rate of 73%.
Over the same period, revenue rose from RMB 12.75 billion ($1.78 billion) to RMB 34.86 billion ($4.88 billion).
In 2025, the company reported net profit of RMB 1.02 billion ($143 million), with gross margin maintained at 20.9%, marking its first full-year profitability.
On the product side, Voyah has established a portfolio spanning SUV, MPV and sedan segments. Models including the Dreamer, Taishan and Zhuiguang L have become its primary sales drivers.
In 2026, Voyah plans to launch four new models, all equipped with L3-level intelligent driving hardware.
Taishan Ultra and Taishan Black Warrior are scheduled for launch in March and are positioned as mass-production vehicles developed on an L3-oriented architecture.
Voyah has also accelerated its overseas expansion, entering more than 40 countries and regions worldwide.
Last year, the company held brand launch events in the United Arab Emirates and Qatar, formally entering the Middle East market, with the Voyah FREE and Dreamer commencing local sales.
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