HK Stock Market Move | Guangzhou Automobile Group (02238) rose more than 3% in the morning. Its Haobo brand officially launched the research and development testing of L3 conditional autonomous driving on highways.

Guangzhou Automobile Group (02238) rose more than 3% in the morning, up 3% to HK$4.12 as of the deadline, with a turnover of HK$74.524 million. On the news front, according to an official announcement from Guangzhou Automobile Group, the HaoBao brand A800 model under Guangzhou Automobile Group has officially started L3 conditional autonomous driving high-speed road research and development testing recently, with a maximum test speed of 120 km/h. This test has been approved by the relevant supervisory authorities in Guangzhou and is one of the few projects in China that has been approved to conduct L3 conditional autonomous driving high-speed tests. Against the backdrop of continuous improvement in the regulatory system, autonomous driving technology is gradually moving from functional demonstration to a development phase centered on real road validation. It is generally believed in the industry that only technology that has undergone systematic testing in real traffic environments has the basis for further practical application.