Core Insights - Xiaoma Zhixing (2026.HK) officially listed on the Hong Kong Stock Exchange on November 6, following the launch of its seventh-generation Robotaxi, which has reduced the total cost of the autonomous driving suite by 70% compared to the previous generation, facilitating large-scale production and operation [2][4] - The company aims to establish a mature ecosystem to attract more partners, with plans to scale its Robotaxi fleet to 1,000 vehicles by the end of 2025 [2][3] Group 1 - The seventh-generation Robotaxi was globally launched in April and began road testing in June, demonstrating the company's commitment to rapid deployment [2] - The Robotaxi features advanced user interaction capabilities, allowing passengers to adjust settings via an app and initiate trips using voice commands [2] - Xiaoma Zhixing emphasizes quality over low pricing, aiming for customers to pay for high-quality travel experiences [2] Group 2 - The company currently operates a fleet of over 720 autonomous taxis, with expectations to reach 1,000 by year-end, achieving operational self-sufficiency but requiring more time to reach overall profitability [3] - The IPO raised approximately HKD 6.7066 billion, with potential to reach HKD 7.7 billion through the green shoe option, focusing on funding for operations and R&D in L4 autonomous driving technology [4] - The company is committed to creating a "model room" to demonstrate efficient large-scale fleet operations and validate its business model, while also welcoming partnerships [4]

深圳商报记者 陈姝 随着小马智行、文远知行获港股上市备案，享道出行提交港股IPO申请，无人驾驶出租车（以下简称 Robotaxi）赛道迎来又一波关注。11月5日，小马智行官宣第七代Robotaxi正式在广州、深圳等地投入运 营。该公司称，第七代自动驾驶套件总成本较上代下降70%，为自动驾驶规模化量产和运营落地扫清关 键障碍。公司相关负责人日前接受记者采访称，车队规模达到1000台时能实现运营自负盈亏。 千台规模 运营"不亏" 截至目前，小马智行Robotaxi车队规模超720辆，第七代自动驾驶系统同时搭载到了三款不同车型上， 合作方包括极狐阿尔法、埃安霸王龙和丰田铂智。目前前两款Robotaxi车型已经投入运营。第七代 Robotaxi自今年4月首发亮相以来，11月正式运营。官方称，在保证安全的基础上，兼顾了车型的规模 量产和乘客体验的多重考量。 Robotaxi的大规模商业化，面临技术、政策、成本等多重挑战，其中成本一直是一大难题。业内人士 称，Robotaxi的成本主要包括硬件成本、运营成本和安全冗余成本。 "设计之初，目标就是让第七代Robotaxi能够做到运营自负盈亏。"小马智行副总裁、Robotax ...