SAIMO designs and develops intelligent connected vehicle simulation testing products, and delivers related testing, validation and evaluation solutions.
Beijing Saimo Technology Co. Ltd. reports a first-half revenue decline of 17.5% to 20.8% year-over-year, expecting between **72–75 million yuan ($10.67M)**. The company forecasts a **47–51 million yuan loss** for the period, reversing a **39 million yuan profit** from the prior year. The shift reflects operational adjustments in its intelligent connected vehicle (ICV) simulation testing business.
Beijing Saimo Technology and AutoNavi Software signed a three-year agreement to jointly develop a platform ecosystem for smart equipment, intelligent transportation, and smart cities. The collaboration focuses on integrating simulation testing for intelligent connected vehicles (ICVs) with broader smart infrastructure solutions. Both companies aim to enhance connectivity and automation in urban mobility systems.
Saimo, a Chinese industrial software company specializing in intelligent connected vehicle testing, debuts on the Hong Kong Stock Exchange (HKEX). The listing marks a key milestone in its expansion into global capital markets and international growth strategy.
Beijing Saimo Technology Co. Ltd., an intelligent connected vehicle (ICV) simulation testing company, sees its shares climb 3.6% to HK$13.46 in its Hong Kong trading debut. The stock opened at HK$13.30, a 2.3% increase from its offer price of HK$12.99. Trading activity reflects early investor interest in the company’s simulation testing solutions for connected vehicles.