The Hong Kong stock prospectus submitted by CiDi Inc. on November 7, 2024 has been valid for six months and will expire on May 7, 2025. At the time of submission, CICC, CITIC Securities International, and Ping An Capital (Hong Kong) were its joint sponsors.
According to the prospectus, Xidi Intelligent Driving focuses on the research and development of autonomous mining trucks and logistics vehicles, V2X technology, and high-performance perception solutions, and provides cutting-edge products and solutions based on proprietary technology. According to information from Zhuoshi Consulting, the company is the only leading autonomous driving company in China that commercializes solutions in enclosed environments, urban roads, and intercity roads. We delivered 56 autonomous mining trucks to a mining area in China, which were mixed with about 500 manned trucks to form the world's largest mixed operation mining fleet. We have delivered China's first fully autonomous pure electric mining fleet. It is one of the first autonomous driving companies in China to launch commercial V2X products.
The company's first full stack autonomous driving mining card solution, "Metamine," integrates the company's proprietary algorithms with widely used commercial vehicle autonomous driving hardware to achieve autonomous operation and remote monitoring of unmanned mining cards, thereby automating labor-intensive mining operations.
