Zhejiang Shibao Company Limited (01057) saw its H-shares surge more than 9% on the Hong Kong stock market, following a limit-up gain for its A-shares in the afternoon session. As of the time of writing, the stock was up 8.96% to HKD 5.35, with a turnover of HKD 169 million.
The company recently responded on an interactive platform that its research and development efforts are progressing smoothly. As steer-by-wire represents a new technology and product, it commands a relatively higher gross margin and unit price. Once volume production is achieved, it is expected to enhance the company's performance, though the specific timing for scaling up remains uncertain and is not anticipated to impact the 2026 financial results.
Analysts note that policies supporting intelligent driving are accelerating, with several automakers extending urban Navigate on Autopilot (NOA) features to models priced between RMB 100,000 and 200,000. Coupled with the ongoing convergence of technological pathways, the development of high-level intelligent driving is approaching an inflection point, with penetration rates expected to continue rising.
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