HK Stock Market Move | IMOTIONTECH (01274) rose more than 6% in the afternoon. The company signed a cooperation framework agreement with Delloyd, a leading automotive supplier in Malaysia.

IMOTIONTECH (01274) rose over 6% in the afternoon, up 5.02% as of the close, at HK$14.64, with a turnover of HK$68.1588 million. On the news front, at this year's Shanghai Auto Show, IMOTIONTECH signed a cooperation framework agreement with leading Malaysian automotive parts supplier Delloyd. Both parties will collaborate deeply in the production and sales fields based on their respective advantages in technology, products, and market areas, promoting the development of various intelligent products including driver assistance systems in Malaysia and even the Southeast Asian market. It is worth noting that on April 28, the Ministry of Industry and Information Technology issued the Key Points for Car Standardization Work by 2025, which emphasized the need to strengthen the supply of standards for intelligent connected vehicles such as driver assistance and autonomous driving. Earlier, the Ministry of Industry and Information Technology held a closed-door meeting to further regulate the activities of industry chain companies in promoting, launching, testing, and OTA upgrades for driver assistance. CITIC SEC stated that with strengthened regulatory measures and industry standards, leading intelligent driving companies are expected to benefit.