Changes in Hong Kong stocks | Nexteer (01316) rose more than 7%, China's automobile shift to the new national standard issuing agency is optimistic that wire-controlled switching is expected to be smoothly mass-produced

The Zhitong Finance App learned that Nexteer (01316) rose more than 7%. As of press release, it had risen 7.14% to HK$6.45, with a turnover of HK$558.772 million.

According to the news, according to the China Standardization Public Account, the GB17675-2025 “Basic Requirements for Automobile Steering Systems” was recently released to replace the “GB17675-2021” standard on July 1, 2026. Mandatory requirements related to mechanical connections were removed, and the focus was on regulating the safety, failure response, and functional safety verification of new technologies such as wire-controlled steering (SBW) and electric power steering (EPS). According to reports, several relevant car companies took the lead in drafting this standard.

Cathay Pacific Haitong Securities believes that the release of relevant national certification standards is an important front point for wire-controlled steering to mass production; the advantages of wire-controlled steering include: better freeing up cockpit space, enabling L3 and above autonomous driving, variable steering ratios, and better steering comfort; under standard specifications, wire-controlled steering is expected to be smoothly mass-produced. I recommend Nexteer, the leading company in steering systems.