EACON Passes HKEX Main Board Listing Hearing, Ranking China’s No.1 Supplier of Autonomous Driving Solutions for Mining Sites
NewTimeSpace News: EACON Group Co., Ltd. passed the Main Board listing hearing of the Hong Kong Stock Exchange on 24 June, with Haitong International acting as the sole sponsor. The Company is the leading provider of autonomous driving solutions for China’s mining sites, capturing a 37.6% market share in 2025. It has deployed a total of 2,580 autonomous mining haul trucks, covering 19 large-scale open-pit coal mines. The Company maintained a 100% customer retention rate from 2023 to 2025, with its client base expanding from 13 to 52 groups. China’s market for mining autonomous driving solutions reached RMB3.8 billion in 2025, and the global market size is projected to hit USD7.3 billion by 2030.
NewTimeSpace News: As disclosed by the Hong Kong Stock Exchange, EACON Group Co., Ltd. passed the Main Board listing hearing on 24 June 2026, with Haitong International appointed as the sole sponsor.
The Company specialises in the commercial deployment of autonomous driving solutions for mining operations. According to Frost & Sullivan data, measured by 2025 revenue, the Company ranks first in China’s market for intelligent driving solutions for commercial vehicles; based on the number of active autonomous mining haul trucks as at 31 December 2025, it stands as China’s largest supplier of mining autonomous driving solutions with a market share of approximately 37.6%.
As at 31 December 2025, the Company’s deployed fleet included 2,580 operational autonomous mining haul trucks. Its solutions have been rolled out across 19 out of all 41 domestic open-pit coal mines with an annual verified production capacity exceeding 10 million tonnes, covering seven out of the country’s 12 largest open-pit coal mines.
The Company delivers integrated offerings via two core solution suites:Zhushan: autonomous haul truck products and solutions for closed mining environments;Muye: digitalisation solutions for mining sites.
It maintained a 100% retention rate across all end-client groups for three consecutive years from 2023 to 2025, and the number of served clients grew from 13 to 52.
China’s market for mining autonomous driving solutions reached RMB3.8 billion in 2025, representing a CAGR of 171.4% during 2021–2025. The global market is forecast to grow from USD1 billion in 2025 to USD7.3 billion by 2030.
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