HK Stock Market Move | NOVAUTEK (00519) rose more than 30% in the morning, and its subsidiary Nokuda Intelligent Driving plans to cooperate with Mach 1 Group in the AISiasun Robot & Automation field.

NOVAUTEK (00519) rose more than 30% in the morning and, as of the time of writing, was up 28.3% at 0.136 Hong Kong dollars with a trading volume of 4.5765 million Hong Kong dollars. In terms of news, NOVAUTEK announced that on August 12, 2025, its subsidiary, NovaTek Smart Driving Limited (NovaTek Smart Driving), signed a strategic cooperation memorandum with Malaysia's Mach 1 AI Robotics & Automation SDN BHD. (referred to as the "Mach 1 Group"), signalling a further acceleration of the group's global strategy implementation pace, with both local and global markets acting as dual drivers to effectively enhance the overall competitiveness of the group. As per the memorandum, NovaTek Smart Driving and Mach 1 Group will jointly promote government and commercial cooperation in the Malaysian market based on AI RaaS comprehensive solutions, drive regional ecosystem construction, and actively expand applications in various scenarios including airports, hospitals, and hotels. The two parties plan to deepen cooperation in products, services, and comprehensive solutions related to AISiasun Robot & Automation, establish a deep partnership, and achieve mutual benefits.