MINIEYE Rises Over 28%; CLSA: First Batch of L3 Vehicle Approvals Boosts Momentum
Stock Performance: MINIEYE (02431.HK) saw a significant increase in its stock price, rising by 28.7% to HKD14.44, with a peak intraday high of HKD14.51 and a turnover of HKD482 million.
Market Drivers: The surge in MINIEYE's stock is attributed to the approval of the first batch of Level 3 autonomous driving models, which has positively influenced market sentiment towards smart driving technologies.
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HORIZONROBOT-W Increases Stake in MINIEYE by Over 680,000 H-Shares
MINIEYE Investment Update: MINIEYE's cornerstone investor, Horizon Together, has acquired 688,200 H-shares in the open market, indicating strong investor interest in the company.
Collaboration with HORIZONROBOT-W: MINIEYE is engaged in a long-term partnership with HORIZONROBOT-W, focusing on intelligent assisted driving and L4 unmanned logistics vehicle solutions.
Product Launch Success: The company has successfully launched assisted driving domain controller products, achieving large-scale production using HORIZONROBOT-W's Journey series hardware.
Market Outlook: CICC predicts challenges for the domestic auto sector in China this year, while overseas sales are expected to grow steadily, with a focus on smart driving and related technologies.
MINIEYE Rises Over 28%; CLSA: First Batch of L3 Vehicle Approvals Boosts Momentum
Stock Performance: MINIEYE (02431.HK) saw a significant increase in its stock price, rising by 28.7% to HKD14.44, with a peak intraday high of HKD14.51 and a turnover of HKD482 million.
Market Drivers: The surge in MINIEYE's stock is attributed to the approval of the first batch of Level 3 autonomous driving models, which has positively influenced market sentiment towards smart driving technologies.
