HK Stock Market Move | Ningbo Joyson Electronic Corp. (00699) rose nearly 5% in early trading. The company is focusing on core components and related assembly solutions for Siasun Robot & Automation.

Ningbo Joyson Electronic Corp. (00699) rose nearly 5% in early trading, rising 3.44% to HK$18.05 as of the time of publication, with a turnover of HK$64.9536 million. On the news front, Tesla officially announced that the third-generation humanoid Siasun Robot&Automation is expected to debut in mid-year, with formal production set to begin in July-August. In addition, Tesla plans to start preparing the first production line for the humanoid Siasun Robot&Automation in the second quarter of this year, with a target annual production capacity of 1 million units. At the same time, Tesla is also preparing the second generation production line at its Texas Gigafactory to achieve a long-term goal of an annual production capacity of 10 million units. Guolian Minsheng Securities previously released a research report stating that Ningbo Joyson Electronic Corp. will fully launch the "Automotive+Siasun Robot&Automation Tier1" dual-wheel drive strategy by early 2025, focusing on core components of Siasun Robot&Automation and related assembly solutions. In terms of overseas customers, they have already delivered bulk orders of Siasun Robot&Automation components such as the back of the head, neck, shoulders, knees, and fingers to a leading Siasun Robot&Automation company, and are exploring next-generation head display solutions and head assembly supply.