继自动驾驶企业小马智行（2026.HK）、文远知行（0800.HK）登陆港股市场后，又一家公司踏上了IPO 之路。 日前，苏州天瞳威视电子科技股份有限公司（下称"天瞳威视"）向港交所递交了IPO申报材料。 天瞳威视的定位是技术服务商，主要提供自动驾驶技术解决方案，涵盖L2-L2+级及L4级自动化水平。 但与已上市的自动驾驶技术服务商地平线机器人（9660.HK）相比，天瞳威视的规模相对有限。 2024年，天瞳威视的收入为4.83亿元，同期净亏损高达4.63亿元。 近期以来，自动驾驶企业掀起了港股上市热潮。 天瞳威视能否借此在L4级市场中占有一席之地，正受到关注。 加码L4 天瞳威视所提供的自动驾驶解决方案采取L2-L2+级、L4级双线并进。 L2-L2+级的辅助驾驶解决方案主要包括泊车、驾驶及智能座舱，但该业务的收入占比正逐渐下滑。 2025年上半年，L2-L2+级解决方案创收0.58亿元，占比为36.8%，同比下滑了超4成。 这是市场竞争激烈的结果。 目前自动驾驶行业主要分成车企和第三方两类参与者。前者包括坚持自研的比亚迪、理想等车企；后者 包括地平线机器人（9660.HK）、天瞳威视、福瑞泰克、Momen ...

Core Viewpoint - 2025 is a critical year for Pony.ai's Robotaxi business to achieve commercial deployment, with significant advancements in L4 autonomous driving technology and strategic partnerships in the Middle East [3][8]. Group 1: Business Development - Pony.ai announced the acquisition of a testing permit for autonomous driving in Dubai on September 26, marking a significant step towards launching Robotaxi services in the UAE [3]. - The first batch of Robotaxi vehicles has begun public road testing in Dubai, laying the groundwork for fully autonomous commercial services by 2026 [3][6]. - The collaboration with Dubai's Roads and Transport Authority (RTA) aims to integrate L4 autonomous driving technology into the local transportation network, supporting Dubai's goal of achieving 25% autonomous transportation by 2030 [4][6]. Group 2: Market Expansion - The company has made notable progress in its Middle East expansion, including a partnership with Uber to launch autonomous driving services in the region [8]. - Road testing of Robotaxi services has also commenced in Doha, Qatar, further extending Pony.ai's footprint beyond major Chinese cities to international markets such as Dubai, South Korea, Singapore, Luxembourg, and Qatar [8]. Group 3: Technological Innovation - Pony.ai showcased its L4 autonomous driving "China solution" at the Dubai World Congress for Self-Driving Transport, attracting significant interest from local government representatives and industry partners [6]. - The company emphasizes the importance of Dubai's advanced transportation infrastructure and favorable policy environment in facilitating the large-scale deployment of autonomous driving technology [6].