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How AI and Intelligent Driving Technology Impact Long-Term Growth for Lantu?

On March 19, Lantu Auto (07489.HK) officially listed on the Main Board of the Hong Kong Stock Exchange and began trading, becoming the “First High-End New Energy Vehicle State-Owned Enterprise Stock,” setting a new industry benchmark for central enterprise new energy brands going public in Hong Kong.

On the first day of listing, market attention to stock price fluctuations precisely reflected the disconnect between traditional valuation systems and emerging value logic. That day, the Hang Seng Index dropped 1.41%, and overall market sentiment in Hong Kong was weak. The downward trend suppressed new listings, making it difficult for the stock price to move independently.

Therefore, the first-day rise or fall is not the sole measure of a company’s value. The market is shifting from “speculating on new stocks” to “prudent pricing,” with rational funds paying more attention to fundamentals and industry trends.

Source: Lantu Auto Official

What truly matters is that as a high-end intelligent new energy brand built by Dongfeng Motor, Lantu carries the symbolic significance of central state-owned enterprise transformation. Its strategic focus and resource integration capabilities post-listing are key to long-term value.

From the efficiency record of completing listing approval in four months, to a gross profit margin of 20.9% and turning profitable, to the mass production of Level 3 conditional autonomous driving—Lantu Auto proves with solid performance that this is not just a simple capital operation but a long-term story about efficiency, profitability, and technology.

The Answer to Lantu’s Speed

From submitting the listing application in October 2025 to obtaining the Hong Kong Stock Exchange’s preliminary approval on February 12, 2026, Lantu completed all pre-approval processes in just four months, setting an efficiency record for central enterprise new energy brands listing in Hong Kong. On March 9, the listing plan was approved by the shareholders’ meeting with high votes, reflecting confidence in Lantu’s long-term development, rooted in visible governance efficiency and market-oriented DNA. According to Lu Fang, Chairman and Party Secretary of Lantu, this high efficiency is an intuitive reflection of mature corporate governance. This leap not only marks Lantu’s readiness to face the capital market as an independent listed entity but also confirms the smoothness of its decision-making processes and organizational effectiveness.

Source: Lantu Auto Official

This high efficiency is not limited to listing approval. Reviewing Lantu’s development history, this efficiency has been consistent: in just six years, it built a full product matrix covering sedans, SUVs, and MPVs, becoming the first central enterprise high-end new energy vehicle brand to reach 300,000 units. From product definition to mass production, Lantu has maintained an agile development pace.

Behind this pace is organizational transformation toward “consumer-oriented” (To C) models. By implementing flat management and delegating decision-making to front-line teams, Lantu has created an agile organization where “those who hear the gunfire command the battle.” Additionally, mechanisms like the “User Co-Creation Committee” allow Lantu to widely incorporate user feedback, making it “the most receptive car company,” ensuring product iterations resonate with market needs. Currently, Lantu has established a mature, transparent, and efficient governance system, which is the internal support for its rapid advancement and market capture.

The Business Moat Behind 20.9% Gross Margin

As the new energy industry transitions from rapid growth to a rational cycle where “gross profit is king,” profitability becomes a key indicator of core competitiveness. Lantu’s 2025 results are convincing: a gross margin of 20.9%, net profit of 1.02 billion yuan, turning losses into profits. This figure is industry-leading, indicating Lantu has moved beyond the initial investment phase into a healthy, self-sustaining growth track.

Lu Fang summarized this achievement as “Lantu Speed”: “We became the first central enterprise high-end new energy vehicle brand to reach 300,000 units, continuously setting new ‘Lantu Speed’ records.” The microscopic foundation of this pattern is the technological moat built through full-stack self-research and development. Relying on the ESSA native intelligent electric architecture, Lantu has achieved 90% commonality in hardware architecture across models like the Dreamer and Zhi Guang; platform-based production significantly reduces costs at scale. The high-end MPV Dreamer, priced over 400,000 yuan, has become a “triple crown” in the premium MPV market, fully releasing the structural benefits of high-value models.

Source: Lantu Auto Official

By February 2026, Lantu had accumulated 5,828 patents, with 85.35% being invention patents, ranking first among new energy vehicle companies in patent growth. This technological depth directly translates into cost control advantages, giving Lantu greater bargaining power in supply chain negotiations and avoiding cost overruns caused by core component shortages. As “gross profit is king” becomes industry consensus, Lantu demonstrates with tangible results that it can not only produce quality vehicles but also achieve high-quality, sustainable development.

Valuation Positioning in the Era of Intelligence

The valuation logic in capital markets is shifting: from the era of “battery capacity competition” in electrification to the era of “algorithm and data pricing” in intelligence. Autonomous driving capabilities, especially high-level autonomous driving reserves, are becoming core factors for valuation premiums. Lantu is well-positioned in this valuation transition.

Official data shows that Lantu has completed 110,000 km of real-road testing and 900,000 km of simulation testing for Level 3 conditional autonomous driving, covering complex scenarios like urban congestion, narrow alleys, and extreme weather. The globally first launched Level 3 intelligent architecture “Tianyuan Zhijia” in April 2025 provides technological empowerment for high-level autonomous driving. These reserves are transforming into visible competitive barriers.

At the listing ceremony, the “Hong Kong listing debut strategic model—Lantu Taishan X8” was officially unveiled. Lu Fang emphasized: “We will continue to launch more new energy vehicles with higher intelligence levels, covering diverse scenarios, to meet users’ aspirations for a better life.”

Source: Lantu Auto Official

By 2026, Lantu’s new product matrix—comprising Taishan Ultra, Taishan X8, FE (code name), and Everest (code name)—all equipped with Level 3 autonomous driving hardware. This means that when the Level 3 regulatory window opens, Lantu is ready for mass production and delivery, not scrambling at the last minute. On March 17, with the mass delivery of the “all-new 896-line laser radar flagship SUV” Lantu Taishan Ultra and the launch of the Taishan Black Warrior, Lantu has kicked off mass production of its Level 3 intelligent architecture.

Source: Lantu Auto Official

Conclusion

Lantu Auto’s listing on the Hong Kong Stock Exchange not only marks a milestone for the company but also signifies a new starting line for Chinese auto brands in the second half of the new energy race.

In the Hong Kong market, companies with strong R&D capabilities, platform expansion potential, and vertically integrated supply chains are more likely to attract long-term capital. Lantu’s long-term growth depends not on the first-day K-line but on its ability to generate technological compounding in the intelligent electric vehicle era.

For investors, Lantu’s true appeal lies not in external labels but in the substantial, verifiable performance behind those labels. As Lu Fang said: “Lantu Auto has moved from the banks of the Yangtze River to the shores of Hong Kong, and from now on, it will sail toward broader development horizons.” Lantu’s listing in Hong Kong is not the end of long-termism but a new beginning.