NEXTEER (01316) climbed over 4% again, rising 4.04% to HK$7.98 with trading volume reaching HK$337 million as of press time.

On the news front, the "Automotive Industry Stable Growth Work Plan (2025-2026)" was officially released recently, proposing to advance pilot programs for intelligent connected vehicle access and road trials, with conditional approval for L3-level vehicle production access. Previous analysis indicated that with the proliferation of L3 and higher-level autonomous driving, demand for steer-by-wire systems will increase alongside the rapid penetration of advanced autonomous driving technology. As a leading tier-1 supplier, NEXTEER possesses strong first-mover advantages and represents a core target in the steer-by-wire sector.

Additionally, the Tesla supply chain has seen continuous positive developments recently. Tesla CEO Elon Musk recently stated plans to conduct a technical evaluation of the AI5 chip design on Saturday, with meetings scheduled for next week regarding artificial intelligence/autonomous driving systems, Optimus robots, and vehicle production volumes. Previous analysis positioned NEXTEER as a global steering leader and a scarce target in the autonomous driving and Tesla supply chain sectors.