Changes in Hong Kong stocks | Botai Auto Union (02889) rose nearly 4%, and the company received a targeted acquisition of automotive optical communications from leading NEV companies

The Zhitong Finance App learned that the smart driving concept and optical communication sector have recently been sought after by market capital. Botai Auto Federation (02889) has cards on the two major tracks at the same time. Yesterday, it soared 13% and continues to rise against the market today. As of press release, Botai Auto Union rose 3.67% to HK$186.6, with a turnover of HK$41.33,900.

According to the news, Botai Auto Federation announced that the company recently received a fixed project notice from a leading domestic NEV automaker and will adopt the Horizon Starry Sky chip solution as the customer's new model platform supplier. The announcement clearly mentioned that this is the industry's first high-end AI cockpit fixture with a pure domestic integrated chip, marking the commercialization of the company's AI strategy from a smart cockpit leader to a cross-domain leader in “cabin driving integration”.

It is worth noting that on August 7, Botai Auto Union announced its first major industrial merger and acquisition since listing. It plans to acquire about 70% of Chengdu Mingyi's shares for no more than 1.4 billion yuan. The long-term imagination of this acquisition lies not only in the rapid growth space of AI data centers, but also in automotive optical communication. The two sides will collaborate to lay out the in-vehicle optical communication circuit, seize the opportunity of the explosion in demand for low-level high-speed data transmission in the context of smart vehicle architecture upgrades, and jointly expand the trillion-dollar incremental market for in-vehicle communication, and form a closed loop of data collaboration between the cloud.