Core Viewpoint - Xiaoma Zhixing officially listed on the Hong Kong Stock Exchange on November 6, 2025, marking the largest IPO in the global autonomous driving sector for the year and the highest fundraising in the AI field on the Hong Kong market for 2025 [1] Company Overview - Xiaoma Zhixing was established in 2016 and has obtained all necessary regulatory permits to provide autonomous driving services to the public in four major Chinese cities [1] - The company successfully went public on NASDAQ under the ticker "PONY" in November 2024, becoming the world's first Robotaxi stock [1] IPO Details - The company issued approximately 48.25 million shares in its Hong Kong IPO, fully exercising its issuance adjustment rights [1] - If the underwriters' overallotment option is fully exercised, the total fundraising could reach 7.7 billion HKD [1] Product Development - In April 2025, Xiaoma Zhixing launched three seventh-generation Robotaxi models developed in collaboration with Toyota, BAIC Group, and GAC Group [1] - The new generation models saw a 70% reduction in the production material costs of the autonomous driving kit compared to the previous generation, with an 80% decrease in the cost of the autonomous driving computing unit and a 68% decrease in the cost of solid-state LiDAR [1]
小马智行港交所挂牌上市 集资额达77亿港元