MINIEYE (02431) wins bid for Tongxiang unmanned vehicle project.

MINIEYE (02431) announced that the group has recently received the bid-winning notification, confirming its status as the winning unit of the Tongxiang City's integrated urban transportation perception project (2025 automatic driving bus procurement project), with a bid amount of RMB 11.85 million (Tongxiang unmanned vehicle project). This project marks a key breakthrough for the company in the commercialization process of L4 level automatic driving, further consolidating the group's leading position in the field of smart cities and intelligent transportation. In the Tongxiang unmanned vehicle project, the group will leverage its integrated vehicle-road cloud technology advantages, breaking the traditional model of single vehicle intelligence, reusing the holographic digital road infrastructure already built on the main road in Tongxiang Wuzhen, adding a "God's eye view" to the buses to effectively solve the blind spot problem at intersections, while significantly reducing hardware costs, achieving cost reduction and increased efficiency. The unmanned bus in this bid-winning project has passed rigorous automotive-grade reliability verification, with the advantages of "high precision, strong computing power, and low cost", and can precisely adapt to the multiple requirements of technical stability, scene adaptability, and commercialization efficiency. As a benchmark project focusing on the integrated vehicle-road cloud scene, the Tongxiang unmanned vehicle project has a differentiated and scarce value in similar projects. The project's success is not only a technological and commercial breakthrough for the company, but will also form a replicable county-level intelligent transportation construction paradigm, helping Tongxiang shift from a "pilot city" of integrated vehicle-road cloud applications to an "industrial highland". According to the group's 2025 interim performance announcement, the group's revenue from unmanned mini buses in the first half of 2025 has exceeded RMB 10 million, with more than ten projects secured. The Tongxiang unmanned vehicle project will further drive the group's scale development of L4 level automatic driving business and help the company achieve new revenue highs. The group actively expands its L1-L4 full-stack self-developed, all-dimensional intelligent driving capabilities, focusing on smart travel, smart logistics, and smart city services through a strong R&D system and scalable production experience. The group adheres to the strategy of "customer-first, focusing on scenarios, iterating products, and expanding boundaries", continuously increasing R&D investment in L4 and related technologies, and striving to become a key force driving the industry's intelligent transformation.