We advised EACON on its IPO and HKEX listing

Davis Polk advised EACON on its initial public offering and listing on the Hong Kong Stock Exchange in reliance on Regulation S. The gross proceeds from the offering amounted to approximately HK$2.64 billion, assuming the over-allotment option will be exercised in full.

EACON is an autonomous driving technology company that focuses on the commercial deployment of autonomous driving solutions in the mining industry and ranks among the early entrants in autonomous mining transportation. The company’s solutions are designed for large-scale open-pit mines with complex mining environments, limited labor supply and stringent safety requirements. According to Frost & Sullivan, EACON ranked first in China’s commercial vehicle intelligent driving market by revenue in 2025.

The Davis Polk corporate team included partner – registered foreign lawyer Li He, partners Jason Xu and Ran Li, counsel – registered foreign lawyer Pengyao (Raymond) Lai and associate Ching Suen. Associate Ya Sheng Lin provided tax advice. Members of the Davis Polk team are based in the Hong Kong, Beijing and London offices.

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