MINIEYE's stock price soared over 28% as Citibank indicated benefits from the approval of the first batch of L3 level vehicles for road use

AASTOCKS
2025.12.19 06:25

MINIEYE (02431.HK) opened nearly 2% higher this morning and continued to rise, reaching a high of HKD 14.51 during the day, a jump of 29.4%. It is currently reported at HKD 14.44, up 28.7%, with a trading volume of HKD 482 million.

Citi published a report stating that MINIEYE's (02431.HK) stock price surged today mainly because the first two L3 level autonomous driving models received approval for licensing, which has sparked market sentiment towards intelligent driving.

The firm noted that MINIEYE has achieved commercial deployment of L4 level autonomous microbuses and unmanned logistics applications, and is currently paving the way for the large-scale launch of L3 level products in line with market trends. The regulatory certification for L3 level is expected to accelerate the company's value reconstruction through the intelligent driving industry chain

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