Eacon Group rises in Hong Kong trading debut
Shares of autonomous driving commercial vehicle maker Eacon Group Co. Ltd. (7687.HK) open up 3.5% in their trading debut on Wednesday, and close up 5% at HK$92.35 by the midday break.
The company sold 26.13 million shares for HK$87.92 each, raising net proceeds of HK$2.17 billion ($278 million). The public offering for local subscribers was oversubscribed by 157 times, while the international tranche was oversubscribed by 9.5 times. Eleven cornerstone investors bought 13 million shares, accounting for nearly 50% of the offering.
Eacon ranked first in China’s commercial vehicle autonomous driving market in 2025, based on 2025 revenue. It is also China’s largest provider of autonomous driving solutions for mining areas, capturing roughly 37.6% of the market.
The company will use half of the proceeds to enhance its software and hardware R&D. Another 23% is earmarked for overseas expansion, 12% for talent and information technology development, and 5% for strategic investments, with the remaining 10% for working capital.
By Lau Chi Hang
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