BLACK SESAME (02533) saw its shares rise nearly 5%. As of the time of writing, the stock was up 4.13%, trading at HK$17.65 with a turnover of HK$43.77 million. On the news front, according to an announcement on the company's official WeChat account, on April 11th, at the 2026 Intelligent Electric Vehicle Development High-Level Forum, Shan Jizhang, Founder and CEO of BLACK SESAME, delivered a keynote speech and presented the complete new lineup of the Huashan A2000 chip family to the industry for the first time. The family reportedly includes four chips, comprehensively covering computing power requirements from AI-enabled cockpits to L4-level Robotaxi scenarios. In his speech, Shan Jizhang pointed out that the intelligence of new energy vehicles is accelerating its shift from being "function-driven" to "physical AI-driven." He stated that VLA (Vision-Language-Action) models combined with world models will become the optimal solution for high-level intelligent driving. CMB International Securities noted that BLACK SESAME's 2025 revenue reached RMB 8.22 billion, a year-on-year increase of 73.4%, benefiting from volume growth in intelligent driving products and embodied intelligence. The firm indicated that the industry is still in the early stages of penetration rate growth and technological iteration. While competition is intensifying, the high-margin, blue-ocean nature of the sector remains intact. BLACK SESAME is transitioning from a hardware supplier to an endpoint AI computing platform. The core specifications of its flagship A2000 chip are positioned in the top tier, and its high cost-effectiveness aligns well with the cost-reduction demands of leading OEMs such as BYD and Geely Auto, suggesting potential for increased market penetration. Furthermore, the company's transformation speed in the field of embodied intelligence significantly leads its peers, building a medium to long-term growth driver.
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