MINIEYE Inks Autonomous Vehicle Supply Deal with Ideas Group

Stock News04-08

MINIEYE (02431) has announced the formal signing of a sales contract with Ideas Group Pty Ltd. Under the agreement, Ideas Group will purchase a fleet of 1,600 XiaoZhu autonomous vehicles from the group, primarily for deployment in Australia and Southeast Asia. This contract reflects strong international recognition of the group's autonomous driving technology, product maturity, and commercial solutions, marking a significant milestone for the large-scale overseas deployment of its unmanned logistics vehicle business. The procurement by Ideas Group targets its key markets in Australia and Southeast Asia. The execution of this contract will assist the group in rapidly establishing a solid foothold across these regions, effectively expanding its international market presence, and enhancing the global influence and competitiveness of its autonomous vehicle products. The board of directors believes that the contract will further strengthen the group's strategic position in the overseas unmanned logistics market, accelerate the large-scale commercial application of its autonomous driving technology abroad, and help accumulate valuable international operational experience. It will also aid in expanding the group's global customer base and market channels, laying a solid foundation for long-term development in the worldwide smart logistics and autonomous driving industries, aligning with the company's long-term strategy and the overall interests of the company and its shareholders.

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