Gasgoo Munich- Desai SV has officially kicked off its Hong Kong listing process, filing an application to the Main Board of the Hong Kong Stock Exchange. Morgan Stanley and Huatai International are serving as joint sponsors.Proceeds from the offering are set to bolster smart manufacturing capacity, fund strategic investments and acquisitions, and strengthen the mass-production engineering of full-stack software and hardware solutions.The company previously listed on the Shenzhen Stock Exchange on December 26, 2017, and currently boasts a market capitalization of roughly 63 billion yuan.As a leading domestic auto parts supplier, Desai SV operates through three core pillars: smart cockpits, smart driving, and connected services. For 2025, the company reported annual revenue of 32.557 billion yuan — a 17.88% year-on-year increase — while net profit rose 22.38% to 2.454 billion yuan.Image Source: Desai SVThe smart cockpit division generated 20.585 billion yuan in revenue, accounting for 63.23% of the total, with annualized sales from new projects exceeding 20 billion yuan. Meanwhile, smart driving revenue surged 32.63% to 9.7 billion yuan, driven by new project orders with annualized sales surpassing 13 billion yuan.Building on this foundation, Desai SV is actively expanding into emerging sectors like unmanned delivery and robotics. In the unmanned delivery space, the company has launched the "Chuanxing Zhiyuan" brand of automotive-grade low-speed autonomous vehicles, alongside the S6 series platform. These products target scenarios ranging from industrial park logistics and urban delivery to cold-chain transport.Turning to robotics, Desai SV has introduced AICube, a smart foundation designed to provide core computing power and algorithm support. The initiative aims to empower diverse scenarios — from manufacturing and smart homes to in-vehicle extensions — further refining the company's future layout for smart mobility and intelligent IoT.The company has already secured design wins for robot domain controller projects, with mass production and deliveries slated to begin in 2026.
