HK Stock Market Move | NEXTEER (01316) rose by more than 7%. China announced the release of new national standards for car steering. Institutions are optimistic about the possibility of successful mass production of wire-controlled steering.

NEXTEER (01316) rose more than 7%, as of the deadline, it rose by 7.14% to HKD 6.45, with a turnover of HKD 55.8772 million. On the news front, according to the Chinese Standardization Public Account, recently, the national certification standard GB17675-2025 "Basic Requirements for Automotive Steering Systems" was released, which will replace the "GB17675-2021" standard from July 1, 2026. The standard deleted the mandatory requirements for mechanical connections and focused on regulating the safety, failure response, and functional safety verification of new technologies such as steer-by-wire (SBW) and electric power steering (EPS). It is reported that the standard was drafted by multiple related automotive industry units. Guotai Haitong believes that the release of the relevant national certification standards is an important milestone for steer-by-wire technology to move towards mass production. The advantages of steer-by-wire technology include: better release of cabin space, empowerment of Level 3 and above autonomous driving, variable steering ratio, and improved steering comfort. With the standard in place, steer-by-wire technology is expected to be smoothly mass-produced. NEXTEER, a leading company in steering systems, is recommended.