Autonomous mining truck maker Eacon passes Hong Kong listing hearing

Eacon Group Co. Ltd., a provider of autonomous driving solutions for the mining industry, has passed its listing hearing with the Hong Kong Stock Exchange, clearing the way for its IPO to proceed. The company’s listing plan was also previously approved by the China Securities Regulatory Commission, clearing another important regulatory hurdle.

According to its post-hearing information pack published on Wednesday, Eacon is one of the earliest companies in China to enter the field of autonomous transportation for mining. It focuses on unmanned driving solutions in mining scenarios, and is also the world’s first company to deploy an active fleet of more than 1,000 unmanned mining trucks.

According to third-party data in its prospectus, Eacon ranked first in China’s commercial vehicle intelligent driving market by revenue in 2025. The company’s backers include Zijin Mining, CATL, Yankuang Capital, Tonly Heavy and Zhongji Innolight.

The company’s revenue grew from 271 million yuan ($39.8 million) in 2023 to 986 million yuan in 2024 and 1.44 billion yuan in 2025. It remained unprofitable, posting losses of 333 million yuan, 390 million yuan and 515 million yuan over those three years.

By Lee Shih Ta

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