Sany Heavy Is Said to Consider IPO for Electric Unit in Hong Kong

Sany Heavy Industry Co. is considering an initial public offering for one of its units in Hong Kong, according to people familiar with the matter.

The electric truck maker, Hunan Xingbida Network Technology Co., could raise about $500 million in an IPO, the people said, asking not to be identified because the information is private. Deliberations are ongoing, they said.