HK Stock Market Move | MINIEYE (02431) rose more than 13% in early trading, and the large-scale deployment of L3 is imminent. The company has already set its sights on the layout of L2+L4.

MINIEYE (02431) rose more than 13% in the morning session, as of the time of writing, it has risen 13.65% to 12.74 Hong Kong dollars, with a turnover of 1.28 billion Hong Kong dollars. On the news front, the intelligent driving industry has achieved a historic breakthrough, and China is expected to become the world's first country to truly launch large-scale L3 pilot projects. Analysts pointed out that MINIEYE has achieved commercial landing of L4 level unmanned minibuses and unmanned logistics scenes, breaking away from the linear development model of "starting with L2, then advancing to L3, and researching L4 later." The company is laying a solid foundation for the comprehensive deployment of L3 through the synergistic paradigm of "L4 technology sinking, L2 data floating." Soochow released a research report stating that MINIEYE holds more than one-third of the market share in the commercial vehicle ADAS market, and has successfully expanded to passenger vehicles and joint venture brand customers. The company's iPilot series (L2+ and above) products are entering a period of harvest; the L4 level autonomous driving business (iRobo) has achieved commercial breakthroughs. The bank also noted that the company officially entered the unmanned logistics field in September 2025 with the launch of the exclusive brand "Xiaozhu unmanned vehicle," aiming to deliver 10,000 units by 2026.