Group 1: Company Overview - Daotong Technology has submitted a listing application to the Hong Kong Stock Exchange, with CICC as the sole sponsor [1] - The company is a global leader in smart vehicle diagnostics and intelligent charging solutions, holding the largest market share in smart vehicle diagnostics, which is projected to grow from 9.1% in 2022 to 11.1% in 2024 [1] - By 2024, Daotong is expected to be the largest provider of intelligent charging solutions in China and the fourth largest in North America based on revenue [1] - The company has over 20 years of industry experience and offers a comprehensive solution portfolio based on strong technological capabilities [1] - Daotong has established a sales network covering approximately 100 countries and regions, collaborating with over 800 global distributors and directly serving top energy companies, mainstream charging facility operators, and Fortune 500 companies [1] Group 2: Industry Insights - The importance of smart vehicle diagnostics is increasing in the context of vehicle electrification and intelligence trends [2] - The industry is addressing traditional diagnostic efficiency and accuracy issues through AI voice assistants, smart detection, and cloud collaboration [2] - The global market size for smart vehicle diagnostics is expected to grow from approximately $3.832 billion in 2024 to about $8.004 billion by 2030, with a compound annual growth rate (CAGR) of 13.1% [2] - The share of software solutions in the market is projected to increase significantly from 16.8% in 2024 to 26.7% by 2030 [2]
道通科技递表港交所 中金公司为独家保荐人