Xiaoma Zhixing official announcement: European R & D center has been established in Luxembourg

On October 23, local time, Poma Zhixing signed a memorandum of understanding (MoU) with Emile Weber, a leading Luxembourg travel company.

The two parties will cooperate to promote the research and development and deployment of autonomous vehicles and technologies in Luxembourg.

Prior to this, Xiaoma Zhixing established a European R & D center in Luxembourg in September this year to focus on autonomous driving exploration and research and development and launch customized solutions for the European market.

Based on this center, Xiaoma Zhixing will promote ground-to-ground autonomous driving technology and products to Luxembourg and even the entire Europe, and carry out industrial cooperation.

Photo source: Xiao Ma Zhixing.

In March this year, Xiao Ma Zhixing also signed a memorandum of understanding with the government of the Grand Duchy of Luxembourg to promote the development of autonomous vehicles and technology in Luxembourg.

According to the plan at the time, Xiaoma Zhixing planned to establish a regional R & D center in Luxembourg to focus on exploration and research and development in cutting-edge areas of autonomous driving.

At present, Xiaoma Zhixing is steadily advancing its layout in the local and even the entire European market.

With the maturity of L4 autonomous driving technology and the business models of Robotaxi and Robotruck, Xiaoma Zhixing is increasing its overseas layout, promoting its successful China experience and China solutions, and promoting the maturity and implementation of autonomous driving commercial products around the world.

In addition to China and Europe, Xiaoma Zhixing has also established a research and development center in the United States.

In addition, Xiaoma Zhixing has also carried out autonomous driving technology and implementation cooperation in South Korea, Saudi Arabia, United Arab Emirates and other places.

In March this year, Xiaoma Zhixing established a joint venture with South Korean technology company GemVaxLink to deeply integrate the resources of both parties and carry out autonomous driving technology application and research and development for the Korean market.

In July, Xiaoma Zhixing signed a memorandum of cooperation with Kangfugao Group to jointly develop safe and sustainable autonomous taxi solutions to prepare for subsequent promotion to other markets around the world.

In addition, Xiaoma Zhixing officially submitted an IPO prospectus to the U.S. Securities and Exchange Commission in mid-October, planning to list on Nasdaq with the stock code “PONY”, with Goldman Sachs, Bank of America Merrill Lynch, Deutsche Bank, and Huatai Securities serving as the lead underwriter.

According to the filing notice for overseas listing of Xiaoma Zhixing disclosed by the China Securities Regulatory Commission in April, Xiaoma Zhixing plans to issue no more than 98.

1495 million ordinary shares this time.

Return to the first electric network home page>,.

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