HK Stock Market Move | MINIEYE (02431) rose more than 7% in the afternoon with no unmanned logistics brand and product landing, achieving a key breakthrough in L4 business.

MINIEYE (02431) rose more than 7% in the afternoon, up 5.58% as of press time to 28.74 Hong Kong dollars, with a turnover of 95.68 million Hong Kong dollars. On the news front, MINIEYE recently officially launched the unmanned logistics brand "Xiaozhu Unmanned Vehicle" and introduced two unmanned logistics vehicle products, T5 and T8, officially entering the unmanned logistics track. At the launch event, MINIEYE also announced the first batch of unmanned vehicles offline and delivered them to partners, achieving "release and delivery." Shenzhen, Chengdu, Xi'an, Jiangyin and other cities are the key cities where Xiaozhu unmanned vehicles first landed, and the company expects the delivery volume to climb to "thousands or even 10,000 units" next year. Guoyuan International released a research report stating that MINIEYE's L4 unmanned vehicle business has made a significant breakthrough, from unmanned buses to unmanned logistics vehicles, gradually replicating autonomous driving technology from passenger scenarios to cargo scenarios, including unmanned logistics, trunk transport, airport and mining scenarios, and other specific scene-specific vehicle businesses. In addition, the Ministry of Industry and Information Technology issued the mandatory national standard consultation draft for the "Safety Requirements for Intelligent Networked Vehicle Combined Driving Assistance Systems," strictly regulating the auxiliary driving systems. MINIEYE, as a smart driving solution provider, is expected to receive more orders. The bank maintains a target price of 31.4 Hong Kong dollars for MINIEYE and gives it a "Buy" rating.