HK Stock Market Move | DONGFENG GROUP (00489) counter-trend rises by over 9%, with transaction volume surging by nearly 1.2 billion Hong Kong dollars. The domestic car-grade MCU chip DF30 is released.

DONGFENG GROUP (00489) rose against the trend by more than 9%, reaching 9.33% at the time of writing, with a price of 3.28 Hong Kong dollars, and the trading volume surged to 1.199 billion Hong Kong dollars. In terms of news, on November 10, the official WeChat account of Wuhan Economic Development Zone announced that the Hubei Province Vehicle Regulations Level Chip Industry Technology Innovation Alliance, led by Dongfeng Motors, released a high-performance regulations-level MCU chip - DF30, filling a domestic blank. It is reported that this is a domestically produced regulations-level intelligent high-side driving chip that is fully localized from design to manufacturing, and is currently officially mass-produced and installed in Dongfeng Motors' new energy vehicle models. In addition, on November 12, Dongfeng Nissan announced that it had become the first joint venture brand to have a comprehensive cooperation with Huawei HarmonyOS cabin, and the two sides will jointly create a smart and comfortable travel experience.