Youjia Innovation (02431) opened high and continued to rise on its first day of listing. By the close, it increased by 14.12%, closing at 19.4 Hong Kong dollars, with a trading volume of 0.11 billion Hong Kong dollars.
According to the Zhitong Finance APP, Youjia Innovation (02431) had a strong opening on its first day of trading, closing up 14.12% at 19.4 HKD, with a transaction volume of 0.11 billion HKD.
According to the prospectus, Youjia Innovation was established in 2014 and is a provider of China’s intelligent driving and intelligent cockpit solutions, offering key solutions for driving experiences, including navigation, parking, and cabin functions. As of December 10 this year, Youjia Innovation has achieved mass production for 35 vehicle manufacturers. At the same time, Youjia Innovation is developing the L4 level autonomous driving solution iRobo, which is expected to be delivered in the first quarter of 2025.
It is worth noting that Youjia Innovation's Global Strategy is continuously advancing. As of June 30, 2024, Youjia Innovation's solutions have been selected by 15 models in development from 6 vehicle manufacturers, and SOP has been achieved for 21 export models from 4 vehicle manufacturers. These export models are being shipped to regions including the European Union, Australia, the United Kingdom, and Southeast Asia.