Behind Tesla's FSD entry into China, Momenta, DeepRoute.ai and others are "racing against time" There is a new story in the autonomous driving industry. On May 20th, as Unisound Technology (1511.HK) was listed on the main board of the Hong Kong Stock Exchange, one of the earliest domestic companies to deploy L4 autonomous driving has become the latest example in China's autonomous driving IPO wave. The listing of Unisound Technology is also regarded by many industry insiders as an important signal that the industry has truly entered the capitalization cycle. Just one day later, another piece of news quickly stirred up the intelligent driving industry: on May 21st, Tesla announced that its supervised version of FSD would be launched in the Chinese market. Source: Screenshot from the X platform On one hand, Chinese intelligent driving companies are collectively rushing into the capital market; on the other hand, the world's strongest autonomous driving player is penetrating the Chinese market. To some extent, it seems like two industry stages have converged at the same time. 01. Race among Intelligent Driving Companies for IPO As the fastest - moving company in this intelligent driving IPO wave, the uniqueness of Unisound Technology lies in that it is not a typical NOA supplier for passenger cars. Compared with players like Momenta, DeepRoute - AI, and Qingzhou Zhihang, which mainly focus on the mass - production route of urban NOA, Unisound Technology has long focused on the implementation of L4 autonomous driving in closed or semi - closed scenarios such as airports, factory areas, ports, logistics, and urban shuttles. It is not telling a story of "advanced driver assistance", but a story of "full - scenario L4 commercialization". To some extent, Unisound Technology is trying to prove to the capital market that L4 autonomous driving is