HK Stock Market Move | Zhejiang Shibao (01057) rose more than 10%, SBW has been selected by mainstream car companies, intelligentization may become a differentiated competitive advantage for car companies.

Zhejiang Shibao (01057) rose more than 10%, up 11.25% as of the time of drafting, at 5.34 Hong Kong dollars, with a turnover of 2.31 billion Hong Kong dollars. On the news front, Zhejiang Shibao recently stated on an investor interaction platform that the company's electronic control steering system SBW has obtained designated orders from several mainstream vehicle manufacturers, with project development underway and production scheduled according to customer timelines. The company's official website shows that SBW can support Level 3 and above autonomous driving, and can support chassis integration coordination control. In addition, the company mentioned that it is currently focusing on its automotive steering system and related businesses, while also exploring opportunities for industry chain extension. Furthermore, the Ministry of Industry and Information Technology and other eight departments recently issued the "Automobile Industry Stable Growth Plan (2025-2026)", emphasizing the promotion of intelligent connected vehicles' access and road testing pilot programs. Conditional approval for the production access of Level 3 vehicle models will be granted to promote road traffic safety, insurance, and other legal regulations improvement. Founder research report stated that the loosening of policies for Level 3 vehicle models, combined with the upcoming regulations on responsibilities, intelligent connected vehicle parameters, and others, is expected to reshape the competitive dynamics of the automotive industry, shifting from a simple price war to competition on the value dimension, with intelligence becoming an important differentiating competitive advantage for car manufacturers.