UISEE Listed on HKEX — First Full-Scenario L4 Autonomous Driving Company on Hong Kong Stock Exchange
On May 20, 2026, UISEE (Stock Code: 1511.HK), a full-scenario L4 autonomous driving solutions provider, officially listed on the Main Board of the Hong Kong Stock Exchange. In this IPO, the company issued a total of 14.46 million shares at a final offer price of HKD 60.3 per share, with gross proceeds exceeding HKD 870 million.
As the first listed company for full-scenario L4 autonomous driving, UISEE's listing on the Hong Kong Stock Exchange positions the company to accelerate investment in full-stack proprietary technology R&D, global commercial expansion, and industrial ecosystem development — driving the large-scale deployment of AI Drivers worldwide.
The IPO was anchored by a diversified coalition of cornerstone investors, including Xiongan State-owned Assets, 58.com Inc. and Star Harmony Wealth, representing leading institutional investors, internet companies, and local state-owned capital. This reflects the capital market's strong recognition of UISEE's full-scenario L4 technology, scalable commercial capabilities, and global operations infrastructure.
UISEE has previously attracted investment from Zhongke Chuangxin, Shanghai Guosheng, Shenzhen Capital Group, Zhongjin, Guangfa Xinde, National Manufacturing Fund, Hongtai Fund, Bosch Ventures, Dongfeng Capital, CITIC Securities, Shangcheng Capital, Lanting Capital, Sinovation Ventures, Chongqing New Hi-Tech Holdings, Xinding Capital, Zhongguancun Dragon Gate Investment, Tengyun Capital, Liding Capital, Guoke Jiahe, Chunxin Hongtu, Zhen Fund, and numerous other renowned VC/PE and industrial capital firms.
Leadership Statement
"Today marks an important milestone in UISEE's journey — our listing on the Main Board of the Hong Kong Stock Exchange. On behalf of everyone at UISEE, I want to express our sincere gratitude to every investor who placed their trust in us, our customers and partners who have walked this road alongside us, friends from all walks of life who have supported us, and every UISEE team member who has fought shoulder to shoulder with us.
Going public is not a destination — it is a new starting point and a heavy responsibility. Looking ahead, we will continue to increase R&D investment, striving to conquer the peaks of autonomous driving and Physical AI. We will leverage Hong Kong's unique role as a global super-connector to accelerate our international expansion. While consolidating our leading position in existing scenarios, we will keep expanding our full-scenario application ecosystem, delivering better products and services to society, and earning the continued trust of our investors with stronger performance."
Wu Gansha Co-founder, Chairman, CEO & Executive Director, UISEE
About UISEE
Founded in February 2016, UISEE is a full-scenario L4 autonomous driving technology company. Built on its proprietary U-Drive® system, UISEE provides L4 autonomous driving technology services to industries worldwide. Its universally applicable autonomous driving technology has established a dominant position in airport and industrial park commercial vehicle operations, with steady expansion from closed to open scenarios and from logistics to passenger transport — covering the full spectrum from L2 to L4 autonomous driving applications.
According to Frost & Sullivan, by 2025 revenue, UISEE holds 90.5% market share in China's L4 commercial autonomous driving market for airports, and a leading 31.7% in industrial park logistics — the undisputed leader in the L4 commercial autonomous driving sector.
Airport Scenario: The World's Only Operator at This Scale
UISEE is the only company worldwide providing large-scale commercial L4 autonomous driving solutions for airports. Since partnering with Hong Kong International Airport (HKIA) in 2018, UISEE's driverless fleet has safely accumulated over 3.5 million kilometres of accident-free operation at HKIA, covering the full range of airport operations including baggage towing, passenger transport, and security patrols — setting a global benchmark for autonomous driving in aviation.
With this proven track record, UISEE has reduced its new airport deployment cycle to under 6 months, enabling rapid global replication. The company has successfully delivered landmark projects at Singapore Changi Airport and Hamad International Airport in Qatar, with coverage spanning 17 airports across China and 3 overseas airports, and partnerships advancing at 4 additional airports globally.
Industrial Park Scenario: Validated Benchmark, Ready to Scale
UISEE's end-to-end unmanned logistics solutions enable fully automated delivery from indoor to outdoor, and from raw materials to finished products. In its partnership with Tongwei Group, a global photovoltaic (PV) industry leader, UISEE completed over 70 algorithm iterations, reducing the industry-average deployment time by 40%, improving production line integration efficiency by 30%, achieving over 10,000 hours of accident-free operation, and maintaining a failure rate below 0.1% even in extreme weather — delivering client ROI within two years. This benchmark project has been replicated at Tongwei's Nantong and Meishan bases, and widely adopted by leading PV manufacturers including Jinko Energy and JA Solar.
Beyond airports and industrial parks, UISEE has extended its AI Driver solutions to urban environments, ports, mines, farms, and pastures, while its technology has also been adopted by leading passenger vehicle OEMs for advanced driver-assistance systems. As new scenarios continue to deploy and real-world operational data accumulates, UISEE is building a virtuous cycle where broader scenario coverage drives more data, which in turn strengthens its technical moat.
By the Numbers
- 52 adapted vehicle models
- 1,000+ L4 autonomous driving vehicles or kits deployed globally
- 9.2 million km cumulative autonomous driving mileage
- 4.63 million km of airport-specific driving data collected
- 3,200+ long-tail scenarios documented
- 249 enterprise clients across 6 countries
- 35 Fortune China & Global 500 enterprise clients
Financial Performance
Driven by proven technology and benchmark-driven industry influence, UISEE has built exceptional customer stickiness and recurring revenue. In both 2023 and 2024, key customer retention rate reached 75%, with net retention rates of 122.9% and 124.9% respectively.
From 2023 to 2025, revenue grew from RMB 161 million to RMB 328 million, a compound annual growth rate of 42.7%. Gross margin improved steadily from 48.8% to 51.1% in 2025, significantly above most listed Chinese autonomous driving solution providers. Adjusted net loss narrowed from RMB 181 million to RMB 169 million, with a clear path to profitability in sight. As of the latest practicable date, order backlog exceeds RMB 500 million.
Global Expansion
UISEE has established subsidiaries in Singapore and Qatar, with active business development in Australia, Japan, South Korea, and other markets. The company plans to expand operations to 30 countries globally within three years.
UISEE has obtained ISO 26262 ASIL-D functional safety certification from TÜV Rheinland, meeting the most stringent safety, quality, and data compliance standards required by the world's leading customers.
This listing on the HKEX Main Board is a fresh starting point for UISEE. The company will continue to partner with global customers and collaborators to drive the mass adoption of autonomous driving technology — creating value for industry, returns for investors, and a safer, more efficient, more accessible future of mobility and logistics worldwide.
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