On March 26, 2026, AutoAI (Nanjing) Technology Co., Ltd. (hereinafter referred to as "AutoAI"), located in the Smart Manufacturing Industrial Park (Zhihe Park) of Jiangbei New Area, Nanjing, Jiangsu Province, submitted its prospectus to the Hong Kong Stock Exchange, intending to list on the Main Board of the Hong Kong Stock Exchange. This marks its second application following the expiration of its previous filing on June 27, 2025.
Link to the AutoAI prospectus:
https://www1.hkexnews.hk/app/sehk/2026/108334/documents/sehk26032602242_c.pdf
Main Business
AutoAI, as a supplier of intelligent cockpit solutions in China, possesses software development capabilities and comprehensive product coverage ranging from end to cloud. Relying on its full-stack self-developed software platform and a multi-modal AI-based hybrid architecture for vehicles, the company provides intelligent cockpit software solutions, integrated hardware-software solutions, and end-to-end technical services, aiming to create user-centric products that deliver personalized and forward-thinking interactive experiences.
According to Frost & Sullivan, by 2025, based on the number of vehicles equipped with an integrated cockpit-parking solution, the company ranks first nationwide in terms of service volume for its integrated cockpit-parking solution.
By 2025, in terms of shipment volume, AutoAI ranks fifth among suppliers of China-based system-on-chip smart cockpit solutions and cockpit infotainment system providers.
Currently, approximately 20% of around 250 automobile manufacturers in China adopt AutoAI's intelligent cockpit solutions.
According to Frost & Sullivan, in 2023, 2024, and 2025, the company’s intelligent cockpit software solutions and integrated hardware-software solutions served 12 models among China’s top 15 best-selling passenger vehicle brands, all of which belong to the top 10 automobile manufacturers in China by sales volume in 2025.
Since its establishment, AutoAI has delivered over 18.87 million sets of intelligent cockpit software solutions and more than 1.96 million sets of integrated hardware-software solutions to customers.
Shareholder Structure
The prospectus shows that, prior to its listing, in terms of shareholder structure,
NavInfo (002405.SZ) directly holds 27.01%; additionally, AutoAI Hong Kong, AutoAI Ningbo, and Ningbo Zhihe exercise voting rights according to NavInfo’s instructions, with the aforementioned shareholders collectively holding approximately 45.32%, making NavInfo the controlling shareholder.
Other shareholders include Didi, MediaTek, Tencent (00700.HK), Nio Capital Fund, Bosch Venture Capital, Aiways Automobile, and others.
Directors and senior management
The NavInfo Auto Board consists of nine directors, including:
One executive director:
Mr. Wang Jianqin (Senior Vice President);
Five non-executive directors:
Mr. Cheng Peng (Chairman, Vice Chairman and Chief Executive Officer of NavInfo (002405.SZ));
Mr. Jiang Sheng (Senior Vice President of NavInfo);
Mr. Huang Weiguo (Senior Vice President of NavInfo and General Manager of Toyota Strategic Customer Center);
Ms. Han Mei (General Manager of Nanjing Jiangbei Yihua Private Fund Management);
Mr. Chai Hua (Head of IBG Technology at Didi (China) Technology);
Three Independent Non-Executive Directors:
Ms. Wu Aijin (Executive Director of Beijing Tianrun Kunze Financial Management Consulting);
Mr. Wang Ye (Founder and General Manager of Shanghai Liuhe Venture Investment Management);
Ms. Wang Jingying (former Chairman and Chief Executive Officer of Starbucks China).
The Supervisory Board includes:
Ms. Qin Fang (General Manager of the Board Office of NavInfo Beijing);
Mr. Wang Bihua;
Mr. Yu Boyang (Head of Technology Investment at Didi (China)).
In addition to the executive directors, senior executives include:
Mr. Yang Laitu (Chief Executive Officer);
Ms. Chen Xiaolan (Chief Financial Officer).
Company performance
Financial data shows that in the past years of 2023, 2024, and 2025, the operating revenues of AutoNavi Smart Connectivity were RMB 4.77 billion, 4.79 billion, and 7.06 billion respectively, with corresponding net losses of RMB 2.65 billion, 3.78 billion, and 5.14 billion.
Intermediary team
The intermediary team for AutoNavi Smart Connectivity's IPO mainly includes:
CITIC Securities is the sole sponsor;
EY as its auditor;
Fangda Partners as its legal counsel in China;
Fangda (Hong Kong) serves as the company’s legal counsel in Hong Kong and the United States;
HanKun served as its securities broker’s Chinese legal counsel;
Clifford Chance serves as its broker, Hong Kong and U.S. legal counsel;
Guoxin Securities served as its compliance advisor;
Frost & Sullivan serves as its industry consultant.