Concept Stocks Linked to Autonomous Driving Surge Over 2% Following China's Release of First L3 Autonomous Driving License Plate
CHANGAN AUTOMOBILE's Milestone: CHANGAN AUTOMOBILE received the first dedicated L3 autonomous driving license plate, "Yu AD0001Z," marking the start of its L3 autonomous driving era.
Market Reaction: Autonomous driving-related stocks, including CAOCAO INC, saw increased buying interest, with CAOCAO bouncing back to trade at HKD31.26 after reaching a peak of HKD31.76.
HORIZONROBOT-W Performance: HORIZONROBOT-W opened 2.52% higher, peaking at HKD9.5, and last traded at HKD9.34, with significant trading volume of 78.6202 million shares.
HESAI-W Trading Activity: HESAI-W also experienced a rise of 3.83% at open, reaching a peak of HKD183.1 before closing at HKD179, with a trading volume of 263,900 shares.
Trade with 70% Backtested Accuracy
Analyst Views on 02525
About the author
Citi Supports BYD COMPANY/ PONY-W, Outlines 5 Advantages and Obstacles for China's Automotive Sector
Citi's Outlook on Chinese Carmakers: Citi has a neutral outlook for Chinese carmakers in 1Q26, predicting that BYD, Geely, and Leapmotor may outperform the market due to model updates and strong export growth, while others like Seres and Li Auto may struggle with profit margins and weak sales.
Industry Challenges and Tailwinds: The Chinese auto industry is expected to face five major tailwinds, including increased EV market share and export growth, but also five challenges such as rising costs and cautious retail growth for EVs, leading to a potential decline in wholesale and retail forecasts for FY26.
Stock Recommendations: Citi has recommended several stocks, including BYD, Pony, WeRide, Hesai, Minth Group, and Weichai Power, amidst a backdrop of short selling activity and varying market performance.
Market Conditions: The report highlights a potential end to the price war in passenger vehicles and a favorable phase for commercial vehicle demand, while also noting high inventory levels of fuel vehicles as a concern for the market.
China Post Securities Begins Coverage of HESAI-W with Buy Rating, Projects Approximately 62% Net Profit Growth This Year
Market Position: HESAI-W is leading globally in automotive LiDAR, ADAS LiDAR, and L4 autonomous driving LiDAR, according to a report by China Post Securities.
Product Development: The company's LiDAR products are advancing from gas detection to applications in smart driving and robotics, positioning them as a universal sensor for physical AI.
Financial Projections: China Post Securities forecasts significant growth in HESAI-W's operating revenue and net profits from 2025 to 2027, with revenue expected to reach RMB5.41 billion and net profits RMB920 million by 2027.
Investment Rating: The broker has initiated coverage on HESAI-W with a Buy rating, indicating confidence in the company's future performance.
HSI Rises Over 240 Points to Surpass 27,000 in Early Trading; Autonomous Driving Stocks Under Pressure; Hesai Plummets Nearly 10%
US Tech Stocks and Fed Decision: The market was focused on the earnings of US tech stocks and the Federal Reserve's interest rate decision, with the three major US stock indices performing well overnight.
Hong Kong Market Performance: The Hong Kong stock market opened higher on the 27th, with the HSI gaining 244 points to reach 27,010, supported by a turnover of HKD42.354 billion.
Automotive Tech Stocks Decline: Stocks related to automotive chips and autonomous driving technology faced significant declines, with Hesai's US shares dropping 10.1% and its Hong Kong shares opening 8.7% lower.
Short Selling Activity: Several stocks, including ROBOSENSE and HORIZONROBOT, experienced notable short selling, with ratios indicating increased bearish sentiment among investors.
HSI Rises Over 240 Points to Surpass 27,000 in Early Trading; Autonomous Driving Stocks Under Pressure; Hesai Drops Nearly 10%
US Tech Stocks and Fed Decision: The market was focused on the earnings of US tech stocks and the Federal Reserve's interest rate decision, with the three major US stock indices performing well overnight.
Hong Kong Market Performance: The Hong Kong stock market opened higher on the morning of the 27th, with the HSI gaining 244 points to reach 27,010, supported by a turnover of HKD42.354 billion.
Automotive Tech Stocks Decline: Stocks related to automotive chips and autonomous driving technology faced significant declines, with Hesai's US shares dropping 10.1% and its Hong Kong shares opening 8.7% lower.
Short Selling Activity: Several stocks, including ROBOSENSE and BIDU-SW, experienced notable short selling, with ratios indicating a high level of bearish sentiment among investors.
China Life Overseas Company Reports Total Assets Exceeding RMB 452.8 Billion
China Life Overseas Company Assets: By the end of 2025, China Life Overseas Company reported total assets exceeding RMB452.8 billion, focusing on stable global investments leveraging long-term capital.
Investment in IPOs and Sectors: The company actively participated in H-share IPOs and invested in sectors such as semiconductors, AI, and medical fields, supporting unprofitable biotech listings on the Hong Kong Stock Exchange.
Private Equity Engagement: China Life Overseas engaged in equity investments through private equity funds, targeting innovative enterprises in key sectors, including notable companies like HESAI-W and MINIMAX-WP.
Market Preferences: JPMorgan has expressed a preference for the Asian insurance market, particularly highlighting China Life and PING AN as top picks for investment in the current year.
UBS Report: Chinese Automotive Sector Aims for Significant Growth with Focus on Exports and Innovation
China's Auto Industry Challenges: UBS highlights that despite a 19% sales growth target for China's auto industry, challenges such as reduced stimulus, increased taxes, and rising commodity prices may hinder domestic demand and profit margins.
Focus on Export and Technology: Investors are advised to target companies with overseas expansion capabilities and strengths in intelligent technology, as the export market becomes vital for growth, especially with agreements on EV pricing with the EU and reduced tariffs from Canada.
Company Strategies for Growth: GWMOTOR plans to export 600,000 cars in 2026, while SINOTRUK aims to enter the Brazilian and European markets, reflecting a strategic shift towards international markets.
Investment Preferences: UBS favors companies involved in autonomous driving and intelligent technology, such as WERIDE-W, PONY-W, and HESAI-W, as well as automakers like BYD and GWMOTOR with strong global market presence.
Citi Supports BYD COMPANY/ PONY-W, Outlines 5 Advantages and Obstacles for China's Automotive Sector
Citi's Outlook on Chinese Carmakers: Citi has a neutral outlook for Chinese carmakers in 1Q26, predicting that BYD, Geely, and Leapmotor may outperform the market due to model updates and strong export growth, while others like Seres and Li Auto may struggle with profit margins and weak sales.
Industry Challenges and Tailwinds: The Chinese auto industry is expected to face five major tailwinds, including increased EV market share and export growth, but also five challenges such as rising costs and cautious retail growth for EVs, leading to a potential decline in wholesale and retail forecasts for FY26.
Stock Recommendations: Citi has recommended several stocks, including BYD, Pony, WeRide, Hesai, Minth Group, and Weichai Power, amidst a backdrop of short selling activity and varying market performance.
Market Conditions: The report highlights a potential end to the price war in passenger vehicles and a favorable phase for commercial vehicle demand, while also noting high inventory levels of fuel vehicles as a concern for the market.
China Post Securities Begins Coverage of HESAI-W with Buy Rating, Projects Approximately 62% Net Profit Growth This Year
Market Position: HESAI-W is leading globally in automotive LiDAR, ADAS LiDAR, and L4 autonomous driving LiDAR, according to a report by China Post Securities.
Product Development: The company's LiDAR products are advancing from gas detection to applications in smart driving and robotics, positioning them as a universal sensor for physical AI.
Financial Projections: China Post Securities forecasts significant growth in HESAI-W's operating revenue and net profits from 2025 to 2027, with revenue expected to reach RMB5.41 billion and net profits RMB920 million by 2027.
Investment Rating: The broker has initiated coverage on HESAI-W with a Buy rating, indicating confidence in the company's future performance.
HSI Rises Over 240 Points to Surpass 27,000 in Early Trading; Autonomous Driving Stocks Under Pressure; Hesai Plummets Nearly 10%
US Tech Stocks and Fed Decision: The market was focused on the earnings of US tech stocks and the Federal Reserve's interest rate decision, with the three major US stock indices performing well overnight.
Hong Kong Market Performance: The Hong Kong stock market opened higher on the 27th, with the HSI gaining 244 points to reach 27,010, supported by a turnover of HKD42.354 billion.
Automotive Tech Stocks Decline: Stocks related to automotive chips and autonomous driving technology faced significant declines, with Hesai's US shares dropping 10.1% and its Hong Kong shares opening 8.7% lower.
Short Selling Activity: Several stocks, including ROBOSENSE and HORIZONROBOT, experienced notable short selling, with ratios indicating increased bearish sentiment among investors.
HSI Rises Over 240 Points to Surpass 27,000 in Early Trading; Autonomous Driving Stocks Under Pressure; Hesai Drops Nearly 10%
US Tech Stocks and Fed Decision: The market was focused on the earnings of US tech stocks and the Federal Reserve's interest rate decision, with the three major US stock indices performing well overnight.
Hong Kong Market Performance: The Hong Kong stock market opened higher on the morning of the 27th, with the HSI gaining 244 points to reach 27,010, supported by a turnover of HKD42.354 billion.
Automotive Tech Stocks Decline: Stocks related to automotive chips and autonomous driving technology faced significant declines, with Hesai's US shares dropping 10.1% and its Hong Kong shares opening 8.7% lower.
Short Selling Activity: Several stocks, including ROBOSENSE and BIDU-SW, experienced notable short selling, with ratios indicating a high level of bearish sentiment among investors.
China Life Overseas Company Reports Total Assets Exceeding RMB 452.8 Billion
China Life Overseas Company Assets: By the end of 2025, China Life Overseas Company reported total assets exceeding RMB452.8 billion, focusing on stable global investments leveraging long-term capital.
Investment in IPOs and Sectors: The company actively participated in H-share IPOs and invested in sectors such as semiconductors, AI, and medical fields, supporting unprofitable biotech listings on the Hong Kong Stock Exchange.
Private Equity Engagement: China Life Overseas engaged in equity investments through private equity funds, targeting innovative enterprises in key sectors, including notable companies like HESAI-W and MINIMAX-WP.
Market Preferences: JPMorgan has expressed a preference for the Asian insurance market, particularly highlighting China Life and PING AN as top picks for investment in the current year.
UBS Report: Chinese Automotive Sector Aims for Significant Growth with Focus on Exports and Innovation
China's Auto Industry Challenges: UBS highlights that despite a 19% sales growth target for China's auto industry, challenges such as reduced stimulus, increased taxes, and rising commodity prices may hinder domestic demand and profit margins.
Focus on Export and Technology: Investors are advised to target companies with overseas expansion capabilities and strengths in intelligent technology, as the export market becomes vital for growth, especially with agreements on EV pricing with the EU and reduced tariffs from Canada.
Company Strategies for Growth: GWMOTOR plans to export 600,000 cars in 2026, while SINOTRUK aims to enter the Brazilian and European markets, reflecting a strategic shift towards international markets.
Investment Preferences: UBS favors companies involved in autonomous driving and intelligent technology, such as WERIDE-W, PONY-W, and HESAI-W, as well as automakers like BYD and GWMOTOR with strong global market presence.
