UISEE TECH's stock surged 5.34% during intraday trading on Tuesday, marking a significant upward movement for the autonomous driving solutions provider.

The stock's rise is attributed to it breaking above its initial public offering price of 60.3 HKD for the first time since its recent listing, representing a meaningful recovery from its subdued market debut. UISEE Technology, as the first full-scenario L4 autonomous driving stock on the Hong Kong Stock Exchange, has demonstrated strong market fundamentals with a dominant 90.5% market share in L4 commercial vehicle autonomous driving at airports in Greater China and 31.7% in factory scenarios, both ranking first in their respective categories.

The company's Hong Kong public offering phase attracted substantial retail investor interest with 6,777 times oversubscription, reflecting strong market demand. Despite reporting cumulative net losses over three years, UISEE Technology maintains a healthy gross margin of 51.1% and has provided guidance toward achieving breakeven within three years, contributing to renewed investor confidence.