New stock news | Yunxiang Intelligent Port stock IPO prospectus is invalid.

Hangzhou CloudMotion Intelligent Automotive Technology Co., Ltd. (hereinafter referred to as CloudMotion Intelligent) submitted its Hong Kong IPO prospectus on January 19, 2026, which expired after 6 months on July 19, 2026, with CICC as its exclusive sponsor. The prospectus shows that according to a Frost & Sullivan report, CloudMotion Intelligent is a leading domestic supplier in China's car-mounted intelligent networked solution industry. CloudMotion Intelligent's solutions are crucial for the automotive industry's transition to software-defined cars, a trend that is driving the demand for advanced communication technologies such as 4G, 5G, satellite communication, and the increasing popularity of car networking technologies. According to the Frost & Sullivan report, CloudMotion Intelligent also has a competitive advantage in the field of emergency call solutions, with the company being the third-largest domestic supplier (market share: 1.0%) based on the annual emergency call terminal shipments as of December 31, 2024.