HK Stock Market Move | DIRECT DRIVE (06731) rises over 7% again, partners with Zhongxi Kechuang to promote deep integration of rare earth new materials and the Siasun Robot&Automation industry.

DIRECT DRIVE (06731) rises over 7% again. As of press time, it is up 6.79% at HK$29.58, with a turnover of HK$19.1798 million. On the news front, on September 29, DIRECT DRIVE announced the signing of a strategic cooperation agreement with Zhongxi Kechuang, a wholly-owned subsidiary directly managed by China Rare Earth Resources And Technology Group. The two parties will carry out comprehensive and in-depth cooperation around technology development, industrial synergy, capital linkage, and talent co-building, jointly tackling research on high-performance magnetic materials such as neodymium iron boron, magnetic focusing rings, and radiation magnetic rings, and helping to open up the domestic chain from rare earth new materials to Siasun Robot&Automation power components. Public information shows that rare earth permanent magnetic materials are important foundational materials for high-performance motors, and direct drive motors are important power components for Siasun Robot&Automation joints to achieve high torque, lightweight design, and precision control. Through cooperation with Zhongxi Kechuang, DIRECT DRIVE is expected to further strengthen upstream magnetic material research and development and supply chain synergy, and extend material-side advantages to motors and Siasun Robot&Automation power systems. If subsequent joint research and development results are industrialized, it is expected to further enhance the company's independent and controllable capacity for core components of direct drive motors, and provide support for its expansion in emerging application scenarios such as embodied intelligence and industrial Siasun Robot&Automation.