Changes in Hong Kong stocks | Smart driving concept stocks are collectively rising, the Ministry of Industry and Information Technology confirms that the L3 entry pilot expansion policy side resonates with the enterprise side

Zhitong Finance App learned that smart driving concept stocks rose collectively. As of press release, May Day Vision (06651) rose 10.90% to HK$62.55; Hesai-W (02525) rose 9.61% to HK$14.14; Wenyuan Zhixing-W (00800) rose 8.16% to HK$11.67; and Suteng Juchuang (02498) rose 4.79% to HK$14.45.

According to the news, the Ministry of Industry and Information Technology made it clear that China's second batch of L3 level entry pilot work is underway. Hualong Securities pointed out that L3 admission went from “breaking the ice in the first batch” to “batch expansion”, and on October 20, the Ministry of Industry and Information Technology solicited comments on five mandatory national standards, including the “ADS logo light.” The “entry+standard” two-wheel drive means that the policy framework tends to be closed, and uncertainty about the commercialization path of advanced smart driving has declined significantly.

It is worth noting that the smart driving policy side and the enterprise side have already resonated. He Xiaopeng, Chairman and CEO of Xiaopeng Group, believes that L4 technology is expected to be implemented in the second half of 2028; Momenta CEO Cao Xudong said bluntly that the world model is accelerating “Moore's Law for Smart Driving,” and the autonomous driving industry is expected to usher in an important inflection point in the large-scale implementation of L4 in 2028.