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HKG:1274

3 stories mentioning HKG:1274Updated 27d ago

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Asia

IMotion Automotive Completes Regulatory Filing for Generative AI Model

IMotion Automotive Technology (HKG:1274) said its self-developed "iMotion" large model completed the regulatory filing for generative AI services with Jiangsu provincial authorities, according to a Monday Hong Kong bourse filing.Shares of the autonomous driving company were up over 2% in Tuesday's late-morning trade.The company said the filing supports the compliant deployment of its generative AI technology in intelligent driving and embodied AI applications.

HKG:1274
Asia

iMotion Automotive Books Slimmer Loss in January-April Period

iMotion Automotive Technology (HKG:1274) recorded 60.7 million yuan in attributable loss for the four months ended April 30, narrowing from 126.2 million yuan a year earlier, according to a Monday filing with the Hong Kong bourse.Revenue during the period more than doubled to 400 million yuan from 152.4 million yuan in the year-ago period.The firm attributed the jump in sales to "significant volume production and delivery" of its driving assistance solutions and products across multiple projects.

HKG:1274
Asia

IMotion Automotive Technology's Chairman Boosts Stake

IMotion Automotive Technology (HKG:1274) said Chairman Song Yang bought Hong Kong shares in the open market, alongside other executives and a supervisor, according to a Monday bourse filing.Shares of the autonomous driving company were down nearly 2% in Tuesday's late morning trade.The purchases were made between April 13 and April 17 using personal funds.IMotion added that executives, supervisors, and employees may further increase their holdings over the next 12 months, with total purchases expected to not exceed 50 million yuan.

HKG:1274

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