Daily Brief China: Samvardhana Motherson Automotive Systems Group BV, Hozon New Energy Automobile Co Ltd and more

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

• Road King Infrastructure
• Samvardhana Motherson International Ltd
• Vedanta Resources

• Hozon New Energy Automobile Co Ltd (1850123D CH) seeks to raise up to US$1bn in its upcoming HK IPO. The deal will be run by CICC, MS, Citic, ABCI and CMBI.
• Hozon New Energy Automobile (HNEA) is a NEV technology company which sells cars under the Neta brand. The prices of its vehicles generally range between US$15,000 to US$45,000. 
• The firm has been expanding into the more profitable mid-to-high-end market segment and replicating its local success in overseas markets.