On July 18, 2022, HoloMatic announced that Mr. Hou Yankun, former UBS Vice President of the Investment Banking for Asia Pacific and Managing Director, will join HoloMatic as CFO, in charge of the company's capital operation, finance and strategy-related work. He will help HoloMatic improve its financial management system, promote the implementation of strategy and further enhance its capital market development capability.
Mr. Hou holds a bachelor's degree from Fudan University and an MBA from Cornell University. He has worked in many world's leading financial institutions, such as UBS, Nomura and Lehman Brothers. With nearly 20 years of experience in equity research as well as investment and financing in the automotive and machinery industries, he has an in-depth understanding of the auto industry’s capital market, competitive landscape and the legal and regulatory environment.
During his career at UBS, Mr. Hou began his career in the Research Department as Head of Asia Autos and Head of China Research, where he was repeatedly ranked as the No. 1 analyst in Asia's automotive sector by Institutional Investor, except that, he has also been awarded as the No. 3 strategy analyst in China, and the No. 1 analyst in Asia's machinery sector. For the past five years, Mr.Hou has been the head of the industry groups for the Asia-Pacific region, with overall responsibility for the Asia Pacific Pan-industrial investment banking business. During this period, he led the team to complete many milestone domestic and international capital market financing projects, including Li Auto, Full Truck Alliance, NIO, BYD, Geely, Volvo AB, JD Logistics, ZTO Express, Haier Smart Home, CATL, Joyson Electronics, etc., with listings in Hong Kong, Shanghai/Shenzhen, US, Germany, etc.
As for joining HoloMatic, Mr. Hou said, "Autonomous driving is the core development trend of intelligent vehicles, which has a broad growth space and has an impact on human society comparable to the invention of the steam engine and the rise of the Internet. I hope my years of accumulation in the capital market and auto industry can help HoloMatic optimize its financial management, strategy execution and capital operation. In the crowed fierce competition, I am glad to work with like-minded friends, to embrace and create the future!”
With excellent research and development strength and mass production capability, HoloMatic has completed five rounds of financing and received investment from many well-known investors and leading technology companies, such as IDG, NavInfo, Sequoia Capital China and BAI Capital. At the end of last year, HoloMatic and GAC Group reached a deep cooperation and brought investment from GAC Capital. Based on the innovative cooperation model which integrates industry and finance, the HoloMatic autonomous driving solution will be gradually equipped with a variety of GAC passenger cars starting this year, and has now entered the final stage of mass production.
Ni Kai, founder and CEO of HoloMatic, said, "Mr. Hou Yankun has extensive experience in the capital market and has a deep understanding of the automotive industry. Currently, we are in the key point when the company’s technology and products continue to achieve commercialization results, his joining will lead HoloMatic to further deepen our layout in the capital market, improve the efficiency of capital operation, and strengthen our strategic layout of achieving the ultimate experience of universal autonomy starting from mass production.”