斑马智行在招股书中透露，本次IPO募资金额将用于加强研发投入、增加中国市场份额、拓展全球市场、支持业务收购及扩张计划，以及补 充营运资金等。针对斑马智行上市相关事务，《每日经济新闻》记者向其官方进行求证，但截至发稿未得到回复。 每经记者｜黄辛旭 每经编辑｜裴健如 日前，斑马网络技术股份有限公司（以下简称斑马智行）递交招股书，准备在港交所上市。 值得注意的是，日前，原斑马智行CFO夏莲在朋友圈发文对此事进行了点评，其表示"不看好公司业务发展""上市圈钱不是人生追求和理 想"。 斑马智行在招股书中表示，根据灼识咨询的资料，按2024年收入计算，斑马智行是中国最大的以软件为核心的智能座舱解决方案供货商，按 解决方案搭载量计算亦排名第一。预计到2030年，中国智能座舱解决方案市场规模将达到3274亿元，其中基于软件的座舱解决方案市场规模 将达到1149亿元。 从招股书来看，2022年至2024年，斑马智行的营业收入分别为8.05亿元、8.72亿元和8.24亿元，亏损及综合开支总额分别为8.78亿元、8.76亿 元和8.47亿元，研发费用分别为11.11亿元、11.23亿元、9.80亿元。 进入今年一季度，斑马智行的财 ...

Core Insights - Huawei's QianKun intelligent automotive solution has released new information regarding its advanced driver assistance systems, particularly focusing on the forward Automatic Emergency Braking (AEB) functionality [1] Group 1: AEB Functionality - The forward AEB function can trigger braking intentions at speeds ranging from 4 to 150 km/h, with a maximum stopping capability at 130 km/h [1] - In low-speed scenarios, such as when the vehicle is in neutral and moving forward at speeds of approximately 1 to 10 km/h, the system can automatically apply brakes to reduce speed when a collision with vehicles, pedestrians, or cyclists is imminent [1] - Similarly, when reversing at speeds of about 1 to 12 km/h, the system can also automatically brake to prevent collisions with stationary or slowly moving pedestrians or cyclists [1] Group 2: Safety Reminders - The company emphasizes that drivers should not rely solely on low-speed automatic emergency braking as a substitute for normal braking operations [1] Group 3: Distributed Millimeter-Wave Radar - The distributed millimeter-wave radar system consists of a set of innovative 4D millimeter-wave radars that work collaboratively, significantly enhancing resolution and confidence levels, especially in adverse weather conditions like rain, fog, and dust [1] - This radar technology allows for better visibility of obstacles ahead, effectively penetrating through rain, fog, and dust, thus assisting drivers in identifying potential hazards [1] - The improved resolution and recognition capabilities of the distributed millimeter-wave radar help eliminate interference factors that could lead to false positives or missed detections, such as identifying a broken-down vehicle on the highway in poor visibility conditions [1]

Core Viewpoint - Magnesium Technology Co., Ltd. (referred to as "Magnesium") has officially submitted its prospectus to the Hong Kong Stock Exchange for a main board listing, with notable backing from several investment institutions and a valuation exceeding $930 million in its latest funding round [1][5]. Company Overview - Founded in 2019 by Tsinghua University graduate Zhuang Li, Magnesium focuses on AI-driven integrated domain control solutions aimed at providing innovative smart vehicle manufacturing models for OEMs [3][4]. - The company offers integrated smart cockpit + X domain control solutions, combining various smart automotive functions into a unified physical domain controller for vehicle integration [3]. Financial Performance - Magnesium has reported a narrowing annual loss of 291 million yuan, with cumulative losses exceeding 1 billion yuan over the past three years [1][6]. - Revenue figures for the years 2022 to 2024 are 388 million yuan, 1.513 billion yuan, and 1.42 billion yuan, respectively, with annual losses of 423 million yuan, 357 million yuan, and 291 million yuan [6][7]. - The company's gross margin fluctuated significantly, recorded at 19%, 12.1%, and 21.8% for the years 2022 to 2024 [7]. Investment and Funding - Magnesium has completed six rounds of financing, with notable investors including Shanhang Capital, Red Dot Ventures, and others, achieving a post-money valuation of $60 million in its seed round and over $930 million in its latest round [5][6]. - The net proceeds from the IPO are intended to enhance R&D capabilities, expand the product portfolio, and improve operational funding [5]. Market Position - According to Frost & Sullivan, Magnesium ranks among the top two suppliers of integrated domain control solutions in China based on new installations in 2023 and 2024 [6]. - The company has achieved the fastest cumulative delivery of 1 million units in the integrated domain control solution sector since mass production began [6]. Client Base and Sales - The revenue concentration from the top five clients was high, accounting for 92.8%, 91.2%, and 84.7% of total revenue from 2022 to 2024 [7]. - The number of OEM clients increased from 7 in 2022 to 12 in 2024, with new contracts awarded growing significantly each year [7].

星标 ★ IPO日报 精彩文章第一时间推送 日前，镁佳股份有限公司（下称"镁佳"）正式向港交所递交招股说明书，拟主板挂牌上市，中金公 司、花旗及德意志银行共同担任联席保荐人。 IPO日报注意到，由清华学霸庄莉创立的镁佳年度亏损已收窄至2.91亿元，此次港股上市，公司背后有 着山行资本、红点创投、中移北京基金、中关村集团、M31资本、南山资本、大湾区共同家园发展基 金、慕华科创、元禾等知名机构的投资，最新一轮融资的估值超9.3亿美元。 AI制图 清华学霸夫妻 镁佳成立于2019年，由庄莉创立，专注于AI驱动的集成式域控解决方案，致力于为主机厂提供全新的 智能汽车打造范式。其核心在于，通过模块化的软件架构和智能功能与硬件的无缝融合，实现对传统汽 车的渐进式升级。 具体来讲，镁佳提供的是集成式智能座舱+X域控解决方案，其通过整合包括智能座舱、ADAS泊车、 ADAS驾驶、车联网、OTA升级等多种智能汽车功能，并嵌入统一的实体域控制器，以用于置入车辆 中。 获得博士学位后，庄莉进入微软亚洲研究院担任研究员，主要负责技术开发，工作五年后，庄莉离开了 微软亚洲研究院，进入雅虎公司担任个性化推荐总监，主要负责软件开发。 仅 ...

Group 1 - Xunlei has completed the acquisition of Hupu's operating company, Shanghai Kuanghui Network Technology Co., Ltd., with an initial cash payment of 400 million RMB and two subsequent payments of 100 million RMB each over the next 24 months [3] - NIO's subsidiary, LeDao, is piloting a high-end ride-hailing service in a limited area, targeting users similar to those of Didi's premium service, as clarified by NIO's regional manager [5] - Xiaopeng Motors announced a strategic partnership with Huawei, planning to integrate Huawei's HUD solution into its new vehicles, indicating a significant innovation in the automotive industry [6][7] Group 2 - High合 (Gaohe) Automotive's Guangzhou branch has been restricted from high consumption due to failure to fulfill financial obligations in a labor dispute, with an outstanding amount of approximately 384,000 RMB [9]