New Stock News | It is rumored that autonomous driving company Yuanrong Qixing has secretly submitted a listing application to the Hong Kong Stock Exchange, possibly raising billions of dollars.

According to sources cited by the media, autonomous driving company DeepRoute.ai is considering going public in Hong Kong. Sources say that DeepRoute secretly submitted its IPO application documents in Hong Kong at the end of last year and plans to raise hundreds of millions of dollars in funding. Due to the information not being publicly disclosed yet, the specific timing of the IPO is still undetermined. Founded in Shenzhen in 2019, DeepRoute.ai is a technology company focused on developing and applying advanced artificial intelligence driving technology, aiming to create a "universal artificial intelligence in the physical world" and innovate technology to create AI drivers. On March 17th, at the NVIDIA GTC conference, DeepRoute.ai's CTO Cao Tongyi showcased an advanced driving technology system rebuilt around the Foundation Model. The latest generation of assisted driving systems from DeepRoute.ai, equipped with the VLA model, integrates cognitive capabilities to create highly reliable AI drivers with a "defensive driving" consciousness. DeepRoute.ai has established deep production cooperation with multiple car manufacturers, with 200,000 vehicles equipped with its city navigation assistant driving solutions entering the consumer market, covering over a dozen popular vehicle models. It has also been the first to establish Robotaxi algorithm platforms with mass-produced vehicles to expand related businesses. Having gone through several rounds of financing, DeepRoute.ai's investors include Fosun RZ Capital, Yunqi Capital, Songhe Capital, Ventech China, Guibin Investment, SevenX Ventures, Yaotu Capital Glory Ventures, Dongfang Fuhai, Zhiying Investment, Alibaba, Era Capital, Geely's industrial fund, cornerstone capital, Dongfeng Yinjin Automobile Fund, BOCOM INTL, Dongfeng Asset, and Great Wall Motor, among others.