Shenzhen Transport has revealed its intention to raise a maximum of 1.8 billion yuan through a private placement initiative. Once the issuance costs are subtracted, the remaining funds will be allocated to a range of projects. These encompass the advancement and ecological integration of large-scale models tailored for the transportation sector, featuring collaborative all-domain intelligent agents; the research, development, and broad implementation of integrated intelligent transportation equipment and systems, such as low-altitude and autonomous driving technologies; the pursuit of global business expansion; and the bolstering of working capital reserves.
