Zhi Tong Cai Jing·2025-12-19 15:02Core Viewpoint - The Nasdaq Golden Dragon Index rose by 0.9%, with popular Chinese concept stocks experiencing significant gains, indicating a positive market sentiment towards these companies following the announcement of L3 autonomous driving vehicle approvals in China [1] Group 1: Market Performance - PONY.US (Pony.ai) increased by nearly 7% - XPEV.US (Xpeng Motors) rose over 6% - PDD.US (Pinduoduo) gained nearly 6% - LI.US (Li Auto) and HSAI.US (Hesai Technology) both increased by over 3% - BIDU.US (Baidu) saw a 2% rise [1] Group 2: Industry Development - The Ministry of Industry and Information Technology officially announced the first batch of L3 conditional autonomous driving vehicle approvals on December 15 - Two models, designed for urban congestion and highway scenarios, will conduct road trials in designated areas of Beijing and Chongqing - This marks a significant step from testing to commercial application for L3 autonomous driving in China [1]