UISEE TECH Shares Surge Over 10% in Afternoon Trading; Smart Driving Solution Enters Mass Production on Multiple New Buick and Cadillac Models

Stock News10-27 14:44

UISEE TECH (01511) saw its shares jump more than 10% in afternoon trading. As of press time, the stock was up 7.11% at HK$35.56, with turnover of HK$13.9146 million.

On the news front, UISEE TECH recently announced that, as a core technology partner, it has joined forces with leading automakers and ecosystem partners to provide intelligent assisted driving software solutions for the all-new Buick LaCrosse, the all-new Cadillac XT5 gasoline version, and the PHEV intelligent hybrid four-wheel-drive Air version. The solutions cover mainstream driving scenarios including urban commuting and long-distance highway travel. The same platform solution can be adapted to sedans, SUVs, and multiple powertrains including gasoline and plug-in hybrid, validating its cross-model reuse capability.

Huatai Securities stated that it is bullish on UISEE TECH leveraging its first-mover advantage in airport scenarios to continuously replicate and expand into port, urban shuttle, and other scenarios. The company leads in the commercialization of closed and semi-closed scenarios, where enterprise clients have stronger willingness and ability to pay, which is expected to drive sustained revenue growth for the company.

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