HK Stock Market Move | BAIC MOTOR(01958) rose more than 7%. BAIC Group announced a strategic cooperation framework agreement with Iflytek Co., Ltd. in the field of automotive intelligence.

BAIC MOTOR (01958) rose more than 7%, as of the time of publication, it rose 7.11% to HK$2.56, with a turnover of HK$187.948 million. On the news front, on March 2, Beiqi Group announced that it has signed a strategic cooperation framework agreement with Iflytek Co., Ltd., and the two parties will jointly promote comprehensive strategic cooperation in the field of intelligent automobiles. By leveraging artificial intelligence technology and large-scale model capabilities, they will enhance the research and development level of intelligent connected vehicles and the innovation service capabilities of enterprise intelligence. According to the agreement, the two parties will carry out exchange and cooperation in the areas of intelligent human-machine interaction technology, in-vehicle intelligence and artificial intelligence technology, big data analysis, and intelligent car networking platforms based on their respective advantages. In terms of innovation in in-vehicle application scenarios, they will jointly conduct research on cabin intelligence product planning, including cutting-edge intelligent interaction scenarios and domain-specific large models; jointly develop intelligent in-vehicle audio systems for Beiqi's independent brands; deepen cooperation in international multi-language businesses, promote the overseas landing of multi-language intelligent interactive vehicle models; and develop AI large model intelligent driving products, among others.