On May 27, UISEE Technology (01511.HK) rose 6.3% in regular trading, trading at 72.4 HKD/share, with trading volume of HKD 28.41 million. The rally was driven by news that the company successfully won a bid from Xinjiang Airport (Group) Co., Ltd. for 10 autonomous buses and 6 autonomous delivery vehicles.
According to a company announcement, the new order will further expand UISEE Technology's unmanned driving service coverage within airport premises and enhance the airport ground intelligent transportation network. The win was based on the strong operational performance and technical reliability of previously deployed autonomous tow tractors and buses. Since initial deployment at Urumqi Tianshan International Airport, over 60 autonomous vehicles have accumulated more than 1 million kilometers of unmanned operations. This marks a breakthrough from cargo and baggage transport into passenger shuttle services.
UISEE Technology listed on the HKEX on May 20 at an IPO price of 60.3 HKD. After breaking below its IPO price on debut, the stock recovered to surpass the offering level on May 26 and has continued to gain momentum. The company holds a 90.5% market share in L4 commercial vehicle autonomous driving for airport scenarios in Greater China.
UISEE Technology (Beijing) Co., Ltd. is a Chinese company specializing in L4 autonomous driving solutions, primarily for commercial vehicles in closed scenarios such as airports and factories. Its solutions span L2 to L4 levels across logistics, operations, and passenger vehicles in both open and closed environments.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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