华利安（Houlihan Lokey）：2025年上半年全球交通科技行业更新报告（英文版）（41页）.pdf

1、H1 2025Sector Coverage ReportTransportation Technology UpdateIntroduction2Despite a brief spring correction triggered by the“Liberation Day”tariff announcement,technology stocks have delivered reasonably strong year-to-date gains,driven by sustained optimism around AI-driven investment and productiv

2、ity.That said,meaningful risks remain on the horizon,including escalating geopolitical tensions and trade conflicts,the potential resurgence of inflation,uncertainty around the Federal Reserves interest rate trajectory,and increased vulnerability stemming from concentrated leadership in the tech sec

3、tor.While the anticipated M&A boom has yet to fully materialize,with tariff-related uncertainty delaying some transactions,particularly in Transportation Technology,improving market sentiment and growing private equity activity suggest that deal momentum is building.Our Transportation Technology tea

4、m is actively engaged across several transactions and looks forward to connecting with you to share insights and innovations across the eight core sectors we cover:automotive,aviation,maritime,off-road,transit and mobility,rail,supply chain and logistics,and trucking.We are pleased to issue Houlihan

5、 Lokeys Transportation Technology Update,which offers our views on the first half of 2025 and our perspectives on key ongoing themes for 2025 and beyond.01H1 Review and 2025 Outlook 702M&A and Financing Activity Within Transportation Technology1203Public Markets Update 2904About Houlihan Lokey 34Ins

6、ide the UpdateBest regards,Shane KaiserManaging Director,Head of Transportation TechnologyHoulihan Lokeys Transportation Technology Practice3Featured TransactionsTombstones included herein represent transactions closed from 2020 forward.*Selected transactions were executed by Houlihan Lokey professi