HK Stock Market Move | MINIEYE (02431) surged more than 10%, with the intraday stock price hitting a new high. The penetration rate of the intelligent driving industry chain is expected to increase rapidly.

MINIEYE (02431) rose by more than 10%, reaching a high of 21.95 Hong Kong dollars during the trading session, hitting a new high since going public. As of the time of writing, it was up by 5.66% at 20.9 Hong Kong dollars with a trading volume of 8.312 million Hong Kong dollars. According to the prospectus, MINIEYE was established in 2014 and is a Chinese provider of intelligent driving and intelligent cockpit solutions, offering solutions including navigation, parking, and in-cabin functions for the key aspects of the driving experience. As of December 10th this year, MINIEYE has completed mass production for 35 vehicle manufacturers. At the same time, MINIEYE is developing and testing the L4 level autonomous driving solution iRobo, with delivery expected in the first quarter of 2025. BYD Company Limited recently announced that it will hold a strategic smart event on February 10th at 19:30 at its headquarters in Shenzhen, unveiling the "God's Eye" advanced intelligent driving system. Orient believes that smart driving empowerment will rapidly increase the penetration rate of the intelligent driving industry chain. Open Securities pointed out that the inference model Deepseek-R1 released and open-sourced by DeepSeek injects a new variable into the industry's development. It is recommended to pay attention to its potential value in the application areas of intelligent driving and intelligent cockpit, which is expected to accelerate the upgrade of related industries.