HK Stock Market Move | The concept stock of Intelligent Driving continues to rise, Zhejiang Shibao (01057) rose by nearly 10%, and the landing of L3 certification will accelerate the reconstruction of the value chain of the intelligent driving industry.

Smart driving concept stocks continue to rise, as of the time of publication, Zhejiang Shibao (01057) rose 9.54% to HK$5.05; MINIEYE (02431) rose 6.24% to HK$11.91; IMOTIONTECH (01274) rose 3.61% to HK$5.74; XPENG-W (09868) rose 3.58% to HK$73.75. On the news front, on December 15, the Ministry of Industry and Information Technology officially announced the first batch of L3 conditional autonomous driving vehicle models permitted for access in China. This permit follows the clear framework set out in the 2023 pilot notification and the substantial implementation after the selection of the first 9 consortia in June 2024, marking the transition of domestic L3 from "pilot declaration and testing evaluation" to "product access and on-road pilot testing". Cathay Haitong released a research report stating that this Ministry of Industry and Information Technology vehicle permit marks the official entry of China's autonomous driving into the L3 era. Huatai believes that the implementation of L3 access will accelerate the value restructuring of the smart driving industry chain, and by 2026, smart driving is expected to become an important direction for AI applications. They recommend paying attention to investment opportunities in core areas such as intelligent vehicles, line control chassis, domain control chips, and LiDAR technology.