Smart driving concept stocks in Hong Kong stock market collectively soar, with Youjia Innovation rising 15%!

Driven by the acceleration of the commercialization of L3 level autonomous driving in China, the Hong Kong stock market's smart driving concept sector is experiencing a collective strengthening trend. Among them, the core target Youjia Innovation saw a significant increase of 15%, followed closely by Zhejiang Shibao, which rose nearly 12%; Horizon Robos-W rose 7%, while Xiaopeng Auto-W and Black Sesame Intelligence both saw gains of over 4%; Lidar and intelligent driving solution suppliers also showed active performance, with Sagitar Juchuang, Hesai-W, and Zhixing Technology rising by over 3%, while Xiaoma Zhixing-W, Zero Run Automotive, and others also achieved a 2% increase, showing a general upward trend in the sector as a whole.

On the news front, the industry has ushered in a landmark policy breakthrough - the first batch of L3 level conditional autonomous driving vehicle models in China have been officially announced. The Changan brand SC7000AAARBEV pure electric sedan and the Jihu brand BJ7001A61NBEV pure electric sedan have been successfully approved and can be piloted on the road in designated areas such as Beijing and Chongqing. According to the national standard of "Classification of Automotive Driving Automation", the core feature of L3 level autonomous driving is "conditional system takeover", which means that in specific design and operation scenarios, the vehicle can autonomously complete dynamic driving tasks, allowing the driver to take off operations, but the driver needs to remain alert and ready to respond to system requests for takeover instructions at any time. The approval of the first batch of vehicle models marks a crucial stage for China's intelligent driving to officially enter commercial applications from closed testing, laying a policy foundation for the industry's large-scale development.

Securities institutions generally believe that the implementation of this policy will have a catalytic effect on the industry. Bank of Communications International pointed out that with the upgrading of consumer awareness, assisted driving functions have become one of the core considerations for domestic consumers' car purchasing decisions. Currently, leading car companies generally have L3 level intelligent driving solution reserves and mass production capabilities. The official implementation of the L3 level autonomous driving admission policy will not only significantly increase the value of bicycles in the intelligent driving industry chain, but is also expected to become a key catalyst for industry development in 2026, leading to a reassessment of the value of the entire industry chain at the knowledge, decision-making, and execution levels. The relevant core targets are worth focusing on and laying out.

From the perspective of industry prospects, this policy breakthrough will drive the competition in smart driving from a "price war" to a "technology war". Core components such as laser radar, high computing power chips, and wire controlled chassis will see a surge in shipments due to the demand for L3 grading. At the same time, the innovative business model of "hardware embedding+software subscription" will gradually emerge, reconstructing the profit structure of the automotive industry. According to institutional predictions, 2026 will be the first year of large-scale commercial use of L3 level autonomous driving. The proportion of L3 level vehicle sales is expected to increase to 25% throughout the year, driving a market growth of billions of yuan and opening up long-term growth space for industry chain related enterprises.