HAOMO.AI Responds to the Company’s ‘Hong Kong IPO Process Being Halted’: Not True

HAOMO.AI stated that the recent media reports about ‘HAOMO.AI temporarily postponing its IPO’ are not true.

According to HAOMO.AI, they are currently steadily advancing in technology research and development, accelerating the delivery of intelligent driving products. The intelligent driving mileage of users has exceeded 230 million kilometers, with over 20 models equipped with HPilot. The second-generation intelligent driving products have entered delivery status one after another, speeding up towards the era of autonomous driving 3.0.

Yesterday there were reports that Wei Jianjun, Chairman of Great Wall Motors, recently internally halted HAOMO.AI’s Hong Kong IPO temporarily. One reason for delaying the listing is that shareholders feel it is not a good time now.

Public information shows that HAOMO.AI, formerly known as the Great Wall Intelligent Driving Forward-looking Division, was mainly responsible for the research and development of ADAS intelligent driving systems before becoming independent in 2019.

As of February 2024, HAOMO.AI’s HPilot intelligent driving product for passenger cars has been installed on over 20 models, with user-assisted driving mileage exceeding 120 million kilometers. The three thousand-yuan level assisted driving products – HP170, HP370, and HP570 from HAOMO.AI can meet the mass production needs of vehicles at different price points: high-end, mid-range, and low-end.

SEE ALSO: Haomo.AI Secures RMB300 Million Funding to Advance Autonomous Driving Solutions in China