New stock news: Logistics autonomous driving company "Westwell Technology" plans to go public in Hong Kong with a target fundraising of approximately 100 million US dollars.

According to reports, logistics industry intelligent driving solution provider Westwell is preparing for a Hong Kong IPO plan, which could be listed in Hong Kong as early as next year. It is reported that Westwell is working with CICC, CITIC SEC, and CMB International to carry out this issuance, which could take place as early as 2025, with plans to raise approximately $100 million. Data shows that Westwell was founded in Shanghai in 2015 and is a leading global provider of "intelligent + new energy" integrated solutions in the large logistics industry, dedicated to developing automatic driving technology for logistics companies using artificial intelligence technology. The company's main business includes: Qomolo new energy automatic driving solution, Cosmo digitalized scene solution, Loopo intelligent platform for logistics, and LinkAI intelligent consulting. The company's business covers 20+ countries/regions, with over 200 customers including AP Moller-Maersk A/S, Cosco, Hutchison Port, etc. In February of this year, Westwell announced the establishment of an international headquarters and overseas R&D center in Hong Kong, rooted in Hong Kong and radiating global business.