HK Stock Market Move | Intelligent driving concept stocks increased in the afternoon, Zhejiang Shibao (01057) rose more than 12%, Musk said Tesla's FSD may be approved in China as early as February.

The concept stocks of intelligent driving expanded their gains in the afternoon. As of press time, Zhejiang Shibao(01057) rose by 12.13% to HK$6.47; SEYOND(02665) rose by 7.46% to HK$10.8; PONY-W(02026) rose by 6.5% to HK$131.6; Ningbo Joyson Electronic Corp.(00699) rose by 4.56% to HK$19.02; CAOCAO INC(02643) rose by 3.67% to HK$34.5. According to Shanghai Securities citing media reports, Tesla CEO Elon Musk revealed at the Davos World Economic Forum in Switzerland on January 22 that Tesla's FSD system, which requires driver supervision, is expected to be approved in China as soon as next month, and it is expected to be close to the approval time in Europe. However, a Tesla China official responded to the Shanghai Securities reporter, stating, "There is no related information available to provide." The official also stated that there are no new developments to disclose regarding the promotion of Tesla FSD in the Chinese market. It is worth noting that Musk also mentioned that Tesla's Robotaxi autonomous driving rental service is expected to be deployed on a large scale in the United States this year. "By the end of this year, this service will be very very popular in the United States," and it has already started providing Robotaxi service in Austin, Texas without setting up interior safety supervisors. Orient points out that it is expected that starting in 2026, L3 level autonomous driving will see commercialization, and the commercialization of L4 level Robo-X services such as Robotaxi, Robovan, and Robotruck will accelerate. Companies related to intelligent driving vehicles and components are expected to see development opportunities.