KWOON CHUNG BUS: Interim Report 2024/2025

HKEXDec 27 16:31 · Announcements

The Transport Department has granted a pilot license for autonomous vehicles to Kwan Chung Bus, allowing tests to be conducted within the West Kowloon Cultural District.

The Transport Department announced the issuance of a pilot license for an autonomous vehicle, allowing the applicant to conduct testing of autonomous vehicles in the West Kowloon Cultural District. The relevant license was applied for by Kwoon Chung Motors Co. Ltd. The license is valid from December 27 of this year to October 2 of next year. The approved pilot license allows the applicant to test two autonomous vehicles during specified periods and road sections in the West Kowloon Cultural District, traveling between the West Kowloon Cultural District West Gate, the private roads of the West Kowloon Cultural District, the project office of the West Kowloon Cultural District Authority, Museum Road, and Cultural Road. During the testing period, a backup operator will always be on board to take over vehicle control if necessary. In addition, the Transport...

AASTOCKSDec 19 15:47

Transport Department: There is careful scrutiny of bus companies' fare increase applications and will continue to closely monitor service performance.

The Chief Executive and the Executive Council reviewed the fare increase applications from the franchised bus operators yesterday (17th), approving an increase of 4.3% for KMB, 7.5% for Citybus (urban and New Territories), and 6.5% for New Lantao Bus, all to take effect from January 5 next year. The Director of the Transport Department, Li Chung-yan, stated in an interview with Radio Hong Kong that the Hong Kong government exercised prudence in approving the applications, considering factors such as the bus companies' past operational performance, forecasts of future financial performance, and the public's affordability. The approved fare increases aim to ensure the bus companies are more financially stable, and it is hoped that the companies will be able to make corresponding improvements in fleet and depot setup, in line with the government's green transport policies.

AASTOCKSDec 18 11:22

The guild approved a price increase of 4.3% to 7.5% for the patented bus starting from the 5th of next month.

The Chief Executive and the Executive Council discussed today (17th) the fare increase requests from franchised bus operators, approving an increase of 4.3% for KMB, 7.5% for Citybus (Urban and New Territories), and 6.5% for Lantau Bus, all to take effect from January 5 next year. A government spokesman stated that in approving the fare increase requests from franchised bus operators, a careful and rigorous approach was taken to ensure proper scrutiny. The decision by the Chief Executive and the Executive Council aims to minimize the impact on people's livelihoods while considering the financial sustainability of the franchised bus operators to ensure they can continue providing reliable and safe public transportation services. After the new charges are implemented,

AASTOCKSDec 17 15:51

According to reports, the Transport Committee has approved various patent bus companies to raise prices by 4.3% to 7.5% starting from the 5th of next month.

According to reports from Now News, the Executive Council has approved fare increases for various bus companies starting from the 5th of next month, with KMB increasing by 4.3%, Citybus by 7.5%, and New Lantao Bus by 6.5%.

AASTOCKSDec 17 12:46

Crown Intelligent Mobility partners with EHang and Cyberport to develop and apply eVTOL.

Kwoon Chung Bus (00306.HK) announced that its subsidiary Kwoon Chung Intelligent Mobility, ehang, and Hong Kong Cyberport have established a strategic partnership to promote the research and application of self-driving electric vertical take-off and landing aircraft (eVTOL) in Hong Kong, facilitating the development of emerging technologies and industries such as smart mobility and smart logistics, and enhancing the establishment of industry safety standards.

AASTOCKSDec 9 17:43