HK Stock Market Move | NEXTEER (01316) rose more than 6% with the support of policies for L3 intelligent driving. The penetration rate of steer-by-wire systems is expected to increase.

NEXTEER (01316) rose more than 6%, as of the time of writing, it increased by 6.78% to 7.24 Hong Kong dollars, with a trading volume of 152 million Hong Kong dollars. On the news front, on September 13, the Ministry of Industry and Information Technology and eight other departments issued the "Automobile Industry Stability and Growth Work Plan (2025-2026)", proposing to promote the industrial application of intelligent connected technology. Promote the pilot access and on-road passage of intelligent connected vehicles, conditionally approve the production access of L3 level vehicle models, and promote the improvement of road traffic safety, insurance, and other laws and regulations. It is reported that Steer-By-Wire (SBW) is highly related to advanced autonomous driving and can significantly improve the safety and comfort of driving. Tianfeng previously pointed out that as the penetration rate of L3 level and above autonomous driving increases, the penetration rate of SBW systems is expected to increase synchronously. The competitive landscape of SBW is advantageous, currently only NEXTEER, Bosch, and ZF have achieved mass production of steer-by-wire, with NEXTEER's market share reaching more than half globally.