New Stock News | Siwei Zhilian submitted an application to the Hong Kong Stock Exchange and ranked tenth among all domestic primary suppliers of intelligent cockpit solutions.

According to HKEX disclosure on June 27th, Siwei Zhilian (Nanjing) Technology Co., Ltd. (referred to as "Siwei Zhilian") has submitted an application for listing on the HKEX Main Board, with CITIC SEC as its exclusive sponsor. According to the prospectus, Siwei Zhilian is a leading intelligent cockpit solutions provider in China, known for its outstanding innovative software development capabilities and comprehensive product coverage from end to cloud. According to Frost & Sullivan data, by 2024, the company ranks tenth among all domestic first-tier intelligent cockpit solution providers, with a market share of 0.1%, and ranks third globally among software-driven first-tier suppliers in China, with its cabin and pier integrated solution services ranking second nationwide. The company is widely involved in the automotive intelligent cockpit field, accumulating a deep understanding of the needs of local and international car manufacturers. Based on a self-developed full-stack software platform, it provides intelligent cockpit software solutions, integrated software and hardware solutions, and other related services, aiming to create user-centered innovative products, comprehensively innovate the user experience before, during, and after driving, provide users with an ultimate travel experience, and transform cars into the user's third living space. From its establishment to June 20, 2025, the company has delivered over 15.9 million sets of intelligent cockpit software solutions and over 1.55 million sets of integrated software and hardware solutions to customers. According to Frost & Sullivan data, as of June 20, 2025, the company's intelligent cockpit solutions have achieved a leading position in the industry, with around 20% adoption rate among approximately 250 car manufacturers in China. The company not only has the ability to respond to changes in the penetration rate of intelligent cockpit solutions in luxury, mid-range, and economy models by quickly launching related products, but also to stimulate customer demand and establish itself as a leader in the industry. The company's intelligent cockpit solutions have served many top domestic and international car manufacturers, as well as joint venture and emerging new energy car manufacturers. According to Frost & Sullivan data, by 2024, the top 10 car manufacturers in China by sales volume had chosen the company's products for some of their models. The company has implemented a dual-track strategy, strengthening localization work for existing customers while actively expanding business layout in other markets. The company provides customers with intelligent cockpit software solutions and integrated software and hardware solutions, aiming to create user-centered innovative products, comprehensively innovate the user experience before, during, and after driving, provide users with the ultimate travel experience, and transform cars into the user's third living space. For example, before boarding, the company's intelligent cockpit solution can remotely configure vehicle settings through a mobile app, allowing drivers to easily manage different cabin functions while driving, and during the journey, the intelligent cockpit solution can connect and adjust smart home devices before arrival. The company's products are based on the development of customized intelligent cockpit integrated solutions suitable for different customer vehicle types and application scenarios, to meet specific customer needs and preferences. According to Frost & Sullivan data, in 2022, 2023, and 2024, the company provided intelligent cockpit software solutions and integrated software and hardware solutions for 12 of the top 15 bestselling passenger car brands in China. Financially, in the fiscal years 2022, 2023, and 2024, Siwei Zhilian achieved revenues of approximately RMB 539 million, RMB 477 million, and RMB 479 million respectively, with corresponding net losses of approximately RMB 204 million, RMB 265 million, and RMB 378 million.