Hong Kong picked for Chinese AI driverless vehicle firm Uisee’s international headquarters, research centre
- Uisee, which has two R&D centres and multiple offices in mainland China, is now eyeing Hong Kong to set up its international headquarters
- The company is considering Hong Kong as one of the locations for a dual-listing of its initial public offering
Chinese AI driverless company Uisee has picked Hong Kong for setting up its international headquarters, with plans to use the city as its springboard for expansion into Singapore, the Middle East and Europe.
The company has provided more than 50 driverless vehicles to the Hong Kong International Airport (HKIA), ranging from autonomous electric baggage tractors to driverless patrol cars and driverless shuttle buses, and is now looking to launch itself into new markets, following its success in manoeuvring 700,000 kilometres of driverless operations, helping address labour shortages and achieve cost reductions.
“We have established our safety record and operational efficiency with HKIA, which showcases our company’s capabilities,” said Wu Gansha, co-founder, chairman and CEO of the AI driverless company. “We are now expanding our foothold to Singapore, the Middle East and Europe.”
A McKinsey report said that by 2035, autonomous driving could create US$300 billion to US$400 billion in revenue, and that it had the “potential to transform transportation, consumer behaviour, and society at large”.
“The knock-on effects of autonomous cars on other industries could be significant,” McKinsey’s “Autonomous driving’s future: Convenient and connected” report said.