Zongmu Technology submits IPO prospectus to Hong Kong Stock Exchange

Zongmu Technology, the first company in the smart car industry chain invested by Xiaomi after it started making cars, has submitted its IPO prospectus to the Hong Kong Stock Exchange. This is the second domestic sensor company to go public on the Hong Kong Stock Exchange this year, following RoboSense, the leader in LiDAR. Zongmu Technology was founded in 2013 and focuses on providing comprehensive smart driving solutions, supporting L2+ level automatic parking and autonomous driving functions.