Background and Purpose of the Issuance
Background of the Stock Issuance
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National policies strongly support and promote the rapid development of the smart transportation industry. In recent years, the government has positioned smart transportation as a core component of the "Transportation Power" and "Digital China" strategies, driving deep industry transformation from the top down. Since early 2024, various departments have issued a series of highly instructive documents, such as the "Notice on Supporting and Guiding the Digital Transformation and Upgrade of Road and Waterway Transportation Infrastructure" and the "Guiding Opinions on Deepening Smart City Development to Promote Comprehensive Digital Transformation," clearly stating the direction for integrating new-generation information technologies like big data, IoT, AI, and Beidou navigation with transportation infrastructure.
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The "Vehicle-Road-Cloud Integration" pilot has been fully launched, marking a new phase of large-scale construction in the industry. As a comprehensive industrial ecosystem integrating automobiles, transportation, communication, and cloud computing, "Vehicle-Road-Cloud Integration" has become a key lever for the state to promote industrial upgrades and enhance urban governance capabilities. In January 2024, five ministries jointly issued a notice to conduct pilot applications for intelligent connected vehicles, quickly approving 20 cities, including Beijing, Shanghai, and Hefei, as the first batch of pilot cities.