HK Stock Market Move | AXERA (00600) rose over 6% in the afternoon as M57 partners with Aptiv to land models for the EU export market.

AXERA (00600) rose over 6% in the afternoon. As of press time, it was up 6.07% at HK$22.72, with a turnover of HK$22.4701 million. On the news front, AXERA recently announced that its self-developed automotive-grade ADAS SoC M57 chip, paired with Aptiv's new-generation intelligent forward-facing all-in-one unit, has achieved mass production delivery on models from a leading domestic new energy vehicle manufacturer targeting the EU market. The intelligent driving system was developed under the leadership of Aptiv's China team and meets the E-NCAP 2026 five-star safety standard, marking that the M57 has officially passed the entry threshold for the European market. Guosen released a research report stating that it remains bullish on the company's technological accumulation in vision-edge AI inference, as well as the second and third growth curves brought by its intelligent driving and edge AI businesses. The bank expects a significant reduction in losses in 2027 and a turnaround on an adjusted basis in 2028, initiating coverage with an "Outperform" rating.