HK Stock Market Move | During the day, the stock price rose by over 5%. Intelligent driving is expected to enter a period of rapid development. The company is a simulation testing platform for intelligent connected vehicles.

(02571) rose more than 5% during trading hours, and at the time of publication, it rose by 4% to HKD 13.52, with a turnover of HKD 3.0649 million. It is reported that this is a Chinese technology company specializing in intelligent connected vehicle (ICV) simulation testing technology, mainly engaged in the design and development of ICV simulation testing products and providing related testing, verification, and evaluation solutions. ICV refers to vehicles equipped with advanced onboard sensors, controllers, brakes, and other devices, integrating advanced communication and network technology. CMSC believes that intelligence is gradually becoming a key factor in the competition of the automotive industry, similar to the rapid development of smartphones in 2010. We believe that high-level intelligent driving is expected to enter a period of rapid development by 2025. With the maturity of software and hardware algorithms, the reduction of hardware costs, an increase in consumer awareness, and increased competition among car companies, it is expected that high-level intelligent driving will quickly popularize in 100,000 to 200,000 vehicles in the domestic market in the next two years.