MINIEYE officially listed on the main board of the Hong Kong Stock Exchange

According to Zhitong Finance APP, on December 27, 2024, MINIEYE (02431) successfully listed on the main board of the Hong Kong Stock Exchange, with an issue price of HKD 17.00 per share. The opening price was HKD 18.60, up 9.41%.

At the listing ceremony, Dr. Liu Guoqing, co-founder, chairman, executive director, and general manager of MINIEYE, rang the opening bell, witnessing this historic moment with representatives from the company team, shareholders, investors, and partners as the company officially embarked on a new journey in the capital market.

The successful listing not only recognizes MINIEYE's past achievements but also marks a new starting point for its development and represents the expectations for the company's future growth potential, adding a new force to China's intelligent driving industry on the global stage.

In his speech, Dr. Liu Guoqing stated: "Looking to the future, we will continue to focus on technological innovation, steadily advance our globalization strategy, accelerate the commercialization process, further enhance market competitiveness, strive to provide a safer and more comfortable driving experience for intelligent vehicles, create higher value for shareholders and investors, and bring more efficient and greener travel options to society. Let us journey together to the mountains and seas, bending down to reach the peaks."

Since its establishment in 2014, MINIEYE has adhered to the concept of "empowering intelligent vehicles," focusing on the iteration and implementation of cutting-edge intelligent driving technologies, enhancing safety and driving experience while promoting vehicle automation. After years of deep cultivation, the company has established differentiated competitive advantages and possesses mature commercialization capabilities, becoming a leading provider of intelligent driving and intelligent cockpit solutions in China.

Technology-Based, Gradual Innovation

MINIEYE insists on a gradual approach to intelligent driving development, progressively developing intelligent driving solutions with increasing levels of automation. In addition to providing customized L0 to L2+ level intelligent driving solutions, the company has also been actively developing more advanced autonomous driving technologies, with the L4 autonomous driving solution iRobo expected to be delivered in the first quarter of 2025.

MINIEYE strategically lays out three major business lines: intelligent driving, intelligent cockpit, and vehicle-road collaboration, continuously expanding application boundaries. The company has formed a core technological advantage with full-stack self-research capabilities, compatible and portable technologies, and integrated hardware and software design capabilities. Among them, the full-stack self-research capabilities cover four major intelligent driving modules: perception, fusion, mapping and positioning, and planning and control, utilizing emerging technologies such as monocular 3D neural networks, BEV neural networks, and occupancy networks to build a complete technological moat Provide strong innovation momentum and development resilience for the company.

Business is improving, starting a new journey

With rich R&D experience, mass production experience, and brand recognition, as of June 30, 2024, MINIEYE has engaged in mass production with 29 vehicle manufacturers for 94 models; as of December 10, 2024, MINIEYE has cumulatively achieved mass production for 35 vehicle manufacturers.

In the wave of globalization, MINIEYE is actively promoting its globalization strategy while consolidating its domestic market. As of the first half of 2024, the company has achieved SOP for 21 export models for 4 vehicle manufacturers, with these export models being sold to regions including the European Union, Australia, the United Kingdom, Southeast Asia, and Hong Kong.

According to data from ZhiShi Consulting, MINIEYE is one of the first DMS solution providers in China to help vehicle manufacturers obtain EU General Safety Regulation ADDW and DDAW certifications, and it is also the first Chinese intelligent cockpit solution provider to help Chinese vehicle manufacturers achieve E-NCAP five-star ratings.

Through this listing, MINIEYE will further enhance its influence via the international platform of the Hong Kong capital market, injecting new vitality into the development of the global intelligent driving industry.

Standing at a new starting point, MINIEYE will further strengthen its technological advantages, deepen its industrial layout, and work hand in hand with more partners to embrace the market with a more pragmatic and humble attitude, and to climb to new heights with a more determined and steady pace, contributing to the creation of a safer and smarter future mobility solution