Stock Track | MINIEYE Soars 38.91% on Major Autonomous Vehicle Order and New OEM Project Win

Stock Track05-22 13:53

MINIEYE's stock price soared 38.91% during intraday trading on Friday, reflecting a significant surge in investor confidence.

The sharp rise follows two key positive developments. First, the company secured a purchase order for 200 driverless logistics vehicles through an agreement with the Industrial Development Co., Ltd. of Danyang High-tech Zone. This order, for its map-free "Xiaozhu T5 Pro" models, marks the first bulk purchase for truly map-free autonomous vehicles since their market introduction. Second, MINIEYE recently won a new designated project from a leading domestic automaker to provide integrated DMS (Driver Monitoring System) and OMS (Occupant Monitoring System) solutions for the automaker's flagship models in domestic and international markets, with mass production set to begin in the third quarter.

Analysts note that automakers are accelerating the democratization of smart driving technology, benefiting MINIEYE. The company is seeing increased designations for its mid-to-high-end products and has expanded its customer base. The commercialization of its L4 autonomous driving business and the synergy between cabin and driving domains are expected to significantly enhance its future earnings potential.

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