HK Stock Market Move | Automotive parts stocks continue recent gains, with the high-end intelligent driving and humanoid Siasun Robot & Automation industry chain development accelerating. Car companies and suppliers are expected to benefit.

Auto parts stocks continue their recent upward trend. As of the time of writing, NEXTEER (01316) rose 5.18% to HKD 2.64; MINTH GROUP (00425) rose 4.72% to HKD 14.64; WULING MOTORS (00305) rose 2.82% to HKD 0.365; Zhejiang Shibao (01057) rose 0.48% to HKD 2.08. On the news front, Tesla is expected to launch Fully Self-Driving (FSD) in China and Europe by the first quarter of 2025. Ping An Securities stated that the introduction of FSD in China may accelerate the implementation of advanced driving technology domestically, benefiting leading companies or suppliers in the field. Additionally, Shanghai Securities pointed out that the robotics and automation industry will experience rapid development in August and September, with Siasun Robot & Automation entering industrial scenarios and becoming a high certainty application trend domestically and internationally. Sinolink noted that survival of the fittest will be the theme in the auto parts sector in the coming years, favoring leading companies with a good long-term outlook. With the shortening of automotive R&D cycles and increasing cost requirements, there is a clear trend towards vertical and horizontal integration of supply chains, with a focus on leading companies with strong category expansion capabilities. Regarding Siasun Robot & Automation, it is expected to see a targeted release in the second half of this year, with Tier 2, Tier 3, technology upgrades, and targeted progress being the main focus areas from a market expectation and margin perspective.