The automaker originally filed for an IPO for BYD Semiconductor in Shenzhen in May 2021. However, in August, the company was forced to halt plans as a firm advising in its IPO process faced a regulatory probe.

The company aims to raise 2 billion yuan ($314.25 million), according to its most recent prospectus.

BYD Semiconductor's IPO comes as global supply chains face a chip shortage, which originated in the automotive sector.

The division makes and sells power semiconductors, intelligent control integrated circuits, intelligent sensors, and optoelectronic semiconductors, according to company filings.

($1 = 6.3643 Chinese yuan renminbi)

(Reporting by Josh Horwitz; Editing by Christopher Cushing)