智通财经网·2025-12-18 01:58Core Viewpoint - Zhejiang Shibao (01057) has seen a significant stock price increase, rising over 8% and currently trading at 4.89 HKD with a transaction volume of 1.81 billion HKD, following the announcement of the first batch of L3 conditional autonomous driving vehicle permits by the Ministry of Industry and Information Technology [1] Group 1: Company Developments - Zhejiang Shibao has established long-term partnerships with various domestic traditional and new car manufacturers, providing products such as intelligent steering, steer-by-wire, and electric steering columns that are suitable for L3 and above autonomous driving [1] - The company's products are positioned to benefit from the promotion and mass production of intelligent steering products due to the recent approval of L3 autonomous driving vehicles, which will facilitate the deployment and popularization of higher-level autonomous driving [1] Group 2: Industry Impact - The release of the L3 autonomous driving permit list by the Ministry of Industry and Information Technology is expected to advance the on-road testing and adoption of advanced autonomous driving technologies [1] - The trial implementation of two models designed for urban congestion and highway conditions in designated areas of Beijing and Chongqing marks a significant step in the development of the autonomous driving industry in China [1]