Core Viewpoint - Wenyuan Zhixing has officially listed on the Hong Kong Stock Exchange, becoming the first autonomous driving technology company to achieve a dual primary listing in both the US and Hong Kong markets [1][3] Group 1: Company Overview - The company issued 88.25 million shares at a price of HKD 27.1 per share, raising a total of HKD 2.392 billion [3] - Wenyuan Zhixing plans to use the raised funds for technology development, accelerating the commercialization of L4 level fleets, marketing and promotion, working capital, and general corporate purposes [3] - The company is set to debut on the NASDAQ on October 25, 2024, and specializes in the development of autonomous vehicle systems and software, offering products such as autonomous buses, taxis, and cleaning vehicles, along with related sensor kits [3] Group 2: Market Presence - Wenyuan Zhixing holds autonomous driving licenses in seven countries, covering over 30 cities across 11 countries, including China, Belgium, France, and the UAE [3] Group 3: Financial Performance - Revenue projections for Wenyuan Zhixing from 2022 to 2024 are as follows: CNY 528 million, CNY 402 million, and CNY 361 million, with a projected revenue of CNY 200 million for the first half of 2025 [3] - Corresponding net losses for the same periods are projected to be CNY 1.298 billion, CNY 1.949 billion, CNY 2.517 billion, and CNY 792 million for the first half of 2025 [3]
文远知行正式登陆港交所 完成美股+港股”双重主要上市