HK Stock Market Move | On the first day of listing of Youjia Innovation (02431), the stock opened high and closed with a more than 14% increase. The company is a supplier of smart driving solutions.

Yujia Innovation (02431) debuted on the first day of listing with a high open and continued to rise. By the end of trading, it had risen by 14.12% to HK $19.4, with a trading volume of 1.1 billion Hong Kong dollars. According to the prospectus, Yujia Innovation was established in 2014 and is a Chinese supplier of intelligent driving and intelligent cockpit solutions, providing solutions for key aspects of the driving experience including navigation, parking, and in-cabin functions. As of December 10 this year, Yujia Innovation has provided solutions for mass production to 35 automobile manufacturers. At the same time, Yujia Innovation is developing and testing the L4 level autonomous driving solution iRobo, and is expected to deliver it in the first quarter of 2025. It is worth noting that Yujia Innovation's globalization strategy is continuing to advance. As of June 30, 2024, Yujia Innovation's solutions have been selected by 15 in-development export car models from 6 automobile manufacturers, and have been implemented in 21 export car models from 4 automobile manufacturers. These export car models are sold in regions including the European Union, Australia, the United Kingdom, Southeast Asia, etc.