- Eacon shares rose 14% to HK$100.6 as of press time, giving the company a market value of HK$14.8 billion. - Founded in 2018, Eacon focuses on the commercial deployment of L4 autonomous driving solutions for mining sites. Eacon Mining Technology (HKEX: 7687), a provider of autonomous driving solutions for mining sites backed by CATL (HKEX: 3750), surged on its Hong Kong trading debut on Wednesday, after its public offering was oversubscribed by about 157.82 times. The stock opened at HK$91, up roughly 3.5% from its offer price of HK$87.92. As of press time, gains widened to about 14.31%, at HK$100.6 per share, bringing the company's market value to HK$14.8 billion. The company offered about 26.13 million shares in its global offering, raising total proceeds of about HK$2.3 billion, with net proceeds of about HK$2.18 billion. The offering drew 11 cornerstone investors, who together subscribed for about $146 million worth of shares, or about 49.8% of the total offer shares. Those investors included Zijin Mining's ZIJINNING, Fidelity International, JPMorgan's JPMAMAPL and Barings, among other domestic and international institutions. Founded in 2018, Eacon focuses on the commercial deployment of L4 autonomous driving solutions for mining sites. As of December 31, 2025, the company had deployed 2,580 active autonomous mining trucks. Measured by the number of active autonomous mining trucks, Eacon ranked first in China's market for mining-site autonomous driving solutions, with a 55.5% share. Its fleet of autonomous mining trucks deployed at a single mining site has exceeded 500, the largest such fleet deployed at a single site globally, according to its prospectus. The penetration rate of autonomous mining trucks in China is expected to rise from about 12% in 2025 to more than 50% by 2030, according to data from Frost & Sullivan. Eacon's revenue grew 45.5% year-on-year in 2025