On July 8, Huaqin Technology rose 10.96% in regular trading, trading at HK$63.0/share, with turnover of HK$63.68 million. On the news front, Hong Kong-listed AI concept stocks rallied collectively at open, with multiple stocks in the sector gaining over 10%, providing significant sector-driven momentum to Huaqin Technology.

Simultaneously, the company's joint venture with Toyota Boshoku — Toyota Boshoku Huaqin (Shanghai) Automotive Electronics Co., Ltd. — recently completed business registration with a registered capital of RMB 10 million. Huaqin holds a 49% stake, with the venture focusing on smart cockpit control products and software R&D manufacturing, marking the company's automotive electronics business entering a substantive operational phase.

It is worth noting that the stock had declined in prior sessions due to institutional selling pressure, including JPMorgan's disposal of 61,300 H-shares and Fullgoal Fund's reduction of 474,300 shares. The current rebound occurs against a backdrop of broad AI sector strength and fresh business catalysts from the automotive electronics expansion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)