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Hong Kong stocks movement | Zhixing Technology (01274) rose over 11% in early trading. The company signed a cooperation framework agreement with Delloyd and previously received a new designated project from a leading automaker.
Zhi Xing Technology (01274) surged over 11% in early trading, and as of the time of writing, it has risen by 8.41%, priced at 15.72 Hong Kong dollars, with a trading volume of 96.6753 million Hong Kong dollars.
【Brokerage Focus】CITIC SEC points out that strengthened regulation will standardize the Industry, head companies in smart driving are expected to benefit.
Jinwu Financial News | CITIC SEC stated that on April 28, the Ministry of Industry and Information Technology released the key points for the 2025 automobile standardization work, which proposed the need to strengthen the supply of standards for intelligent connected vehicles such as driving assistance and autonomous driving. Previously, the Ministry held a closed-door meeting to further regulate the activities of Industry Chain companies regarding the promotion, release, testing, and OTA upgrades of driving assistance. The bank mentioned that safety will become an important selling point for driving assistance, and Lidar is expected to gradually become a "standard product." Starting in 2023, manufacturers will accelerate the deployment of L2 level combined driving assistance functions. Compared to visual solutions, Lidar's identification at night.
Hong Kong stock Concept tracking | The year 2025 is the inaugural year for L3 autonomous driving, and the development of the smart driving related industry chain is entering the fast lane (with associated Concept stocks).
Canalys: By 2025, the penetration rate of L2 level and above functions in the China market will reach 62%.
Deepening the Southeast Asian market, Zhixing Technology (01274) has signed a cooperation framework agreement with Malaysian leading auto supplier Delloyd.
From export products to localized Operation, Zhixing Technology (01274) is about to enter a new development stage in its overseas expansion.
IMOTIONTECH: 2024 Annual Report
Zhixing Technology (01274): Yang Yuanjui resigns as Non-Executive Director.
Zhixing Technology (01274) announced that Mr. Yang Yuankui has resigned as a non-executive director and as a member of the Board of Directors' Global Strategy Committee due to other work arrangements...