Core Viewpoint - Youjia Innovation (佑驾创新) has been awarded a contract for the Tongxiang City integrated traffic perception project, marking a significant step in the commercialization of its L4 autonomous driving solutions [2][5]. Group 1: Project Details - The contract amount for the Tongxiang project is 11.85 million yuan, positioning it among the top annual procurement projects for autonomous minibuses in China [2]. - This project is recognized as a benchmark for integrated vehicle-road-cloud scenarios, highlighting its unique value in the market [2]. Group 2: Technological Capabilities - Youjia Innovation stands out among competitors due to its leading L4 autonomous driving technology, proven delivery capabilities, and extensive operational experience [3]. - The autonomous minibuses for the project have passed rigorous vehicle-level reliability tests and are equipped with high precision and strong computing power [3][4]. Group 3: Operational Achievements - The company has successfully implemented regular operations of autonomous minibuses in multiple cities, including Suzhou, Heilongjiang, Shanghai, and Hangzhou [4]. - In September, Youjia Innovation secured a project for shuttle buses at Ezhou Huahu International Airport, demonstrating its ability to transition from technology validation to multi-dimensional scene implementation [4]. Group 4: Financial Performance - As of the first half of 2025, Youjia Innovation's L4 business revenue has exceeded 10 million yuan, with over ten projects acquired, indicating a rapid move towards scalable and commercial development [5]. - The Tongxiang project is expected to further boost the company's L4 business revenue [5]. Group 5: Future Outlook - Youjia Innovation plans to continue increasing investment in core L4 autonomous driving technology research and development, aiming to leverage technological iterations and scene expansions for new growth opportunities [6].

Core Viewpoint - Company has successfully passed the main board listing hearing at the Hong Kong Stock Exchange, with joint sponsors being CICC and Morgan Stanley [1] Group 1: Company Overview - Company is a global pioneer in the L4 level autonomous driving sector, with products and solutions deployed in over 30 cities across 11 countries including China, UAE, Saudi Arabia, Switzerland, France, Singapore, and Japan [1] - In 2024, the company is projected to rank second globally in terms of revenue from L4 and above autonomous driving on urban roads, holding a market share of 21.8% [1] Group 2: Market Position - Company possesses a significant first-mover advantage in major global markets, being the only provider of L4 autonomous driving solutions in France, Switzerland, and Belgium, and leading in countries such as Singapore, UAE, and Saudi Arabia [1] - Company currently operates a fleet of over 1,500 autonomous vehicles, which includes more than 700 autonomous taxis, with over 100 units deployed in the Middle East [1]