Initial Public Offering Marks Milestone For GSP

Initial Public Offering Marks Milestone For GSP

The company announced its IPO on the Shanghai Stock Exchange.

GSP Automotive Group, a worldwide leader in automotive undercar products manufacturing, recently announced that on Aug. 17, GSP became an initial public offering (IPO) on the Shanghai Stock Exchange.

This is a great time to bring partners and GSP Automotive Group together,” said Jiaru Zhou, chairman of GSP Automotive Group. “It’s our honor to share our accomplishments as we drive performance and quality forward into our new era.”

This IPO will enable GSP to integrate optimized manufacturing, product innovation, and the capital market. GSP will expand the annual production capacity of CV Axles by 1.5 million pieces and wheel hub assemblies by 2.4 million pieces. Additionally, these funds will be used to expand GSP’s global marketing network and facilities, improving its position as a market leader in the aftermarket parts industry, said the company.

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