- Voyah turned a profit in 2025, reporting net income of RMB 1.02 billion.
- Voyah's stock code is 7489, and it will list in Hong Kong via an introductory listing.
Voyah, the premium electric vehicle (EV) unit of Dongfeng Motor Group, will make its Hong Kong stock market debut March 19, following completion of all regulatory procedures.
The EV maker disclosed this timeline in a Hong Kong Stock Exchange announcement today, with its stock code designated as 7489.
In August 2025, Dongfeng announced Voyah would list on the Hong Kong market via an introductory listing, while Dongfeng itself would privatize and delist.
An introductory listing is a method for existing securities to apply for listing. Its key feature is that it does not involve issuing new shares or raising capital during the listing process; instead, it only lists securities held by existing shareholders for trading on the exchange.
Constrained by valuation issues, Dongfeng has not conducted any equity refinancing since its listing and has essentially lost the financing function of its H-share listing platform.
Voyah, Dongfeng's EV brand unveiled in late 2020 and formally established in 2021, primarily targets the RMB 200,000 ($28,960) to RMB 500,000 price segment.
The EV unit saw revenues of RMB 12.75 billion, RMB 19.36 billion, and RMB 34.86 billion for 2023, 2024, and 2025, respectively.
Voyah turned a profit in 2025, with net income reaching RMB 1.02 billion.
Voyah's annual vehicle sales stood at 50,285 units in 2023, 80,116 units in 2024, and 150,169 units in 2025, according to its prospectus.
($1 = RMB 6.9067)
