Changes in Hong Kong stocks | Joyson Electronics (00699) rose more than 6% in the intraday period to commercialize L3 self-driving cars and took a key step. The company previously launched a self-driving “black box”

The Zhitong Finance App learned that Joyson Electronics (00699) rose more than 6% in the intraday period. As of press release, it had risen 4.48% to HK$17.03, with a turnover of HK$66.136,800.

According to the news, on December 15, the Ministry of Industry and Information Technology officially announced entry permits for China's first batch of L3 class conditional autonomous driving models. The two models, each adapted to urban congestion and highway sections, will be tested on the road in designated areas of Beijing and Chongqing, marking a key step in China's L3 autonomous driving from the testing stage to commercial application. The China Automobile Association said that the L3 autonomous driving model was approved this time, marking a new stage of mass production and application of intelligent connected vehicles.

According to public information, Joyson Electronics is the core Tier 1 supplier in the field of autonomous driving. The company's autonomous driving-related products have passed ISO 26262 ASIL-D functional safety certification and can operate stably in extreme environments of -40℃ to 125℃ to meet the strict reliability requirements of autonomous driving in different scenarios. On the other hand, the previously launched Intelligent Assisted Driving Data Storage System (DSSAD), also known as the “black box” of autonomous driving, can record system operation and driver operation data for L3 and above levels of autonomous driving, which both helps Accident traceability and liability determination also provide data support for the iteration of autonomous driving technology.