New Stock News | Pony AI Files for Hong Kong Stock Exchange as China's Largest Software-Centric Intelligent Cockpit Solution Provider.

According to the disclosure by the Hong Kong Stock Exchange on August 20th, Zebra Network Technology Co., Ltd. (referred to as Zebra Zhixing) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Deutsche Bank, CICC, and GUOTAI JUNAN I as joint sponsors. The prospectus shows that as a global pioneer and leader in intelligent cockpit solutions, Zebra Zhixing is committed to transforming vehicles from cold hardware to intelligent partners that can perceive and interact. The company focuses on the cockpit as the main gateway for human-vehicle interaction. With its self-developed automotive operating system and full-stack metaverse AI architecture, the company assists automakers in creating truly intelligent vehicles, allowing owners to control and personalize the cabin experience through natural language voice commands, continuously upgrading in-car services. According to data from Zhushizixun, based on revenue projections for 2024, Zebra Zhixing is the largest software-centric intelligent cockpit solution supplier in China, and also ranks first in terms of solution installation quantity according to the same data source. The company is one of only two third-party suppliers in China that have fully self-developed automotive operating systems, and is the only one to seamlessly integrate the three core pillars of intelligent car experience - system-level operating system solutions, AI full-stack end-to-end solutions, and automotive platform services - to provide a differentiated cabin solution business model. According to a report by the global leading market research and consulting firm IDC for 2025, in the field of intelligent cockpits, the company's large language model capability ranks first among nine leading Chinese automotive AI companies, leading in various real-life scenarios such as vehicle control, driving, entertainment, travel, business, lifestyle, and social interaction among peers. According to data from Zhushizixun, global smart car sales are expected to increase from 58 million units in 2024 to 86.5 million units in 2030, with a compound annual growth rate of 6.9%. During the same period, the penetration rate of large language models in Chinese smart cars is expected to increase from 10% to 40%. The market size of intelligent cockpit solutions in China is estimated to grow from 129 billion RMB in 2024 to 327.4 billion RMB in 2030, with a compound annual growth rate of 16.8%. Among these, the market for software-based cockpit solutions is growing even faster, projected to increase from 40.1 billion RMB in 2024 to 114.9 billion RMB in 2030, with a compound annual growth rate of 19.2%. In terms of finances, in the fiscal years ending on March 31 of 2022, 2023, 2024, and for the three months ending on March 31 of 2024 and 2025, Zebra Zhixing achieved revenues of approximately 805 million RMB, 872 million RMB, 824 million RMB, 168 million RMB, and 136 million RMB respectively; during the same periods, annual losses and comprehensive expenses totaled approximately 878 million RMB, 876 million RMB, 847 million RMB, 204 million RMB, and 1.582 billion RMB respectively.