New stock first day | Youjia Innovation (02431) debuted on the first trading day with a 9.41% opening price rise in the morning session.

Yu Jia Innovation (02431) made its debut on the stock market, with a 9.41% increase as of the time of writing, reaching HK$18.6 with a trading volume of HK$38.7191 million. According to public information, Yu Jia Innovation was established in 2014 and is a supplier of intelligent driving and intelligent cockpit solutions in China. It is committed to gradually realizing the mass production of L0-L2+ level automatic driving technology through self-developed full-stack technology, while actively developing more advanced automatic driving technology. The solutions include intelligent driving, intelligent cockpit, and vehicle-road collaboration. It is reported that Yu Jia Innovation's self-developed core algorithms cover four major intelligent driving modules: perception, fusion, mapping positioning, and regulation control, achieving comprehensive coverage of the intelligent driving algorithm stack chain. As of June 30 this year, Yu Jia Innovation has mass-produced 94 models with 29 OEMs, including seven of the top ten domestic OEMs in terms of sales volume. As of December 10 this year, Yu Jia Innovation has mass-produced for 35 OEMs. At the same time, Yu Jia Innovation is developing and testing the L4 level automatic driving solution iRobo, and expects to deliver it in the first quarter of 2025.