U-Path achieves rapid revenue growth and plans IPO

U-Drive, a company focusing on driverless technology, has taken an absolute lead in mines, ports and other fields. In February 2024, U-Drive announced that it had achieved a turnover of 10 million yuan, a year-on-year increase of 25 times; in June 2024, U-Drive's L4 autonomous driving project had a monthly revenue of more than 10 million yuan. In June 2024, U-Drive was selected into the first batch of national pilot projects for intelligent connected vehicles to enter the road. In addition, Wang Rui revealed that U-Drive plans to achieve an annual revenue of 1 billion yuan in 2026 and prepare for an IPO in 2025.