HK Stock Market Move | NEXTEER (01316) rose by more than 11%. With Trump's new policies, the fuel vehicle industry is expected to recover, and autonomous driving is steadily developing.

NEXTEER (01316) rose more than 11%, reaching 11.18% at press time, trading at 3.58 Hong Kong dollars with a turnover of 67.4028 million Hong Kong dollars. On the news front, Guotai Junan research report pointed out that under the push of the Trump administration's new policies, NEXTEER's sales fundamentals in the US market are expected to improve, and the fuel vehicle business is expected to rebound, becoming a new catalyst for future profit growth. At the same time, the company is actively deploying its business from the fuel vehicle business to the electric vehicle business. The development pace of the company's electric vehicle business will not change and will continue to grow strongly. The bank stated that the cooperation with other major manufacturers in the Asia-Pacific region is progressing smoothly, and NEXTEER expects to further expand its business with Shanxi Guoxin Energy Corporation's major manufacturers by 2025, whether it is existing business or the latest line control steering system (SbW) business. With the steady development of advanced autonomous driving technology, 2025 will be a great year for the automotive industry's advanced autonomous driving. The company believes that SbW is likely to be adopted first by globally leading manufacturers. The company's SbW system with industry-leading technology is expected to bring synergies to the company in the coming years.