This article only represents the author's own views.
China's autonomous vehicle sector has recently captured public imagination, charming both ordinary people and investors with visions of streets filled with self-driving private cars, robotaxis and even robo-street sweepers. While actual technology may not fully match the hype, the surge in interest has helped to nurture the sector, leading a growing number of startups to test the capital markets with proposed IPOs.
Against that backdrop, Black Sesame International Holding Ltd., a leading provider of key chips that power autonomous vehicles, looks likely to become one of the first such concept stocks to list in Hong Kong, beating out other names like Zongmu. The company first filed for such a listing more than a year ago, but failed to complete the process before the application expired in January.