On November 4th, according to the Hong Kong Stock Exchange, Suzhou Tiantong Weishi Electronic Technology Co., Ltd. (hereinafter referred to as "Tiantong Weishi") submitted a listing application to the Hong Kong Stock Exchange. According to the prospectus, Tiantong Weishi was founded in 2016 and is a domestic intelligent driving solution provider with software as its core, providing L2-L4 level intelligent driving solutions to the global market.
According to the data, based on the installed capacity in 2024, the company is the second largest software based L2-L2+level solution provider in China that provides both driving and parking solutions, and the third largest DMS solution provider. As of the final feasible date, Tiantong Weishi has secured 144 designated vehicle models and intention orders for L4 level solutions with a contract value of 1 billion yuan, and has reached cooperation agreements with 9 of the top ten vehicle manufacturers in China by 2024.
In July of this year, Tiantong Vision announced the completion of a 500 million yuan Series D financing. As of now, the investment team behind Tiantong Vision is already very luxurious, including ZF, SAIC North America Investment, BAIC Investment, Horizon Robotics, SenseTime, China Unicom, and others. As of the first half of 2025, its total holdings of cash and cash equivalents amounted to RMB 374 million.
