UISEE TECH Shares Surge Over 13% to Record High Following New Autonomous Vehicle Order Win in Xinjiang

Stock News05-27

UISEE TECH (01511) rose over 13%, reaching a high of HK$74.2 to set a new record since its listing. As of the time of writing, the stock was up 13.59% at HK$73.95, with a turnover of HK$34.84 million.

The company announced that, based on the excellent operational performance and technical reliability of its previous autonomous tow tractors and buses, it has recently secured another order from Xinjiang Airport (Group) Co., Ltd. for 10 autonomous buses and 6 autonomous delivery vehicles. This order will further expand the coverage of the group's autonomous driving services within the airport and improve the intelligent ground transportation network at the facility.

The company stated that since the first fleet of UISEE TECH autonomous tow tractors officially commenced operations at Urumqi Tianshan International Airport, the cumulative total distance covered by over 60 autonomous tow tractors and buses in airport autonomous operations has exceeded 1 million kilometers.

In March of this year, UISEE TECH (Beijing) Co., Ltd. and Xinjiang Airport (Group) Co., Ltd. signed a strategic cooperation agreement. Since the implementation of this strategic partnership, significant phased achievements have been realized. The official deployment of autonomous buses marks the entry into a large-scale implementation phase for the intelligent construction of personnel shuttle services within the airport, representing a breakthrough for UISEE TECH in transitioning from unmanned cargo and baggage transport to passenger shuttle services at Urumqi Tianshan International Airport.

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