Changes in Hong Kong stocks | Zhejiang Shibao (01057) rose more than 8%. The company said that products such as intelligent steering are suitable for L3 and above autonomous driving

The Zhitong Finance App learned that Zhejiang Shibao (01057) rose more than 8%. As of press release, it had risen 6.54% to HK$4.89, with a turnover of HK$181 million.

According to the news, the Ministry of Industry and Information Technology announced entry permits for the first batch of L3 class conditional autonomous driving models in China. The two models, each adapted to urban congestion and highway sections, will be piloted in designated areas in Beijing and Chongqing. Zhejiang Shibao said on an interactive platform on December 17 that the company has long-term supporting cooperation with many traditional domestic car companies and new-power car companies. The company's products such as intelligent steering, wire-controlled steering, and electric control columns are all suitable for L3 and above autonomous driving. The publication of the Ministry of Industry and Information Technology's L3 autonomous driving entry catalogue is conducive to promoting the launch and popularization of high-level autonomous driving, and will promote the promotion and mass production of the company's intelligent transformation products.