On October 2nd， Voyah Automobile officially submitted its listing application to the Hong Kong Stock Exchange. This move signifies a crucial step in the company’s development， aiming to leverage the capital market for further expansion and technological advancement.
According to the prospectus， Voyah Automobile has experienced a remarkable surge in sales in recent years. From 19，400 vehicles in 2022， sales escalated to 80，100 vehicles by 2024， representing a threefold increase over three years with an impressive compound annual growth rate (CAGR) of 103.2%. This substantial growth underscores the market’s positive reception to Voyah’s product offerings and strategic positioning.
Correspondingly， the company’s revenue has seen a significant uplift， growing from 6.05 billion yuan in 2022 to 19.36 billion yuan in 2024. Moreover， Voyah achieved its first-ever quarterly profit in the fourth quarter of 2024， a testament to improved operational efficiency and market demand. The gross profit margin also saw substantial improvement， rising from 8.3% in 2022 to 21.0% in 2024， indicating enhanced profitability and control over production costs.
The positive momentum continued into the first seven months of 2025， with the company reporting sales of 66，700 vehicles and revenue of 15.78 billion yuan. This represents a year-on-year increase of 90.2%， further solidifying Voyah’s strong market presence. The gross profit margin also saw a further uptick to 21.3%， suggesting sustained improvements in financial performance.
Looking ahead， Voyah plans to launch one to three new models annually. By the end of 2026， the company anticipates having a product lineup of six to nine vehicles， designed to cover a wide range of mainstream market segments. This aggressive product expansion strategy aims to cater to diverse consumer needs and maintain a competitive edge in the rapidly evolving automotive industry.
