Understanding the Market | NEXTEER rises nearly 6% as Tesla announces strategic shift; the company has received steer-by-wire orders from multiple automakers
NEXTEER's stock price rose nearly 6% again, up 5.24% as of the time of publication, reported at HKD 6.63, with a transaction volume of HKD 75.6335 million. Tesla announced a strategic shift, having launched a Robotaxi autonomous driving pilot in the United States, with plans to expand to other states. NEXTEER has received orders for steer-by-wire systems from multiple automakers, with deliveries expected to begin in 2026. GF Securities pointed out that the company's profitability is recovering, and future profitability is expected to improve
According to Zhitong Finance APP, NEXTEER (01316) has risen nearly 6% again, as of the time of writing, up 5.24% to HKD 6.63, with a transaction volume of HKD 75.6335 million.
On the news front, Tesla recently officially released the "Fourth Chapter of the Master Plan," with Musk stating that the company will regard autonomous driving and Optimus as its most important businesses for the future. It is reported that Tesla has also made substantial progress in the commercialization of autonomous driving. Currently, Tesla has launched a Robotaxi autonomous driving pilot in Austin, Texas, and plans to expand this service to the Bay Area and other states by the end of the year. This means that Tesla's autonomous driving technology is about to transition from the testing phase to the commercial operation phase.
It is worth noting that NEXTEER has received orders for steer-by-wire systems from car manufacturers such as Tesla, Li Auto, and ZEEKR, with deliveries starting in 2026. Additionally, it maintains deep cooperation with XPeng, Xiaomi, and GAC, indicating significant future development space for steer-by-wire business. Furthermore, GF Securities pointed out that the company is currently still in the profit recovery phase, and further improvement in profitability is expected to rely on the continuous advancement of cost reduction and efficiency enhancement measures; growth in revenue from the more profitable Asia-Pacific region and an increase in its revenue share; the company is accelerating the acquisition of high-level electric power steering, rear-wheel steering, and steer-by-wire orders, which is expected to lead to another upward cycle in profitability through product structure optimization
