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Changes in Hong Kong stocks | Botai Auto Union (02889) rose nearly 6% in early trading, the company and Arm signed a memorandum of strategic cooperation to deepen the physical AI layout
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The Zhitong Finance App learned that Botai Auto Union (02889) rose nearly 6% in early trading. As of press release, it rose 4.79% to HK$81, with a turnover of HK$11.66,600.

According to news, recently, Botai Auto Union and Arm signed a memorandum of understanding on strategic cooperation. The two sides will work together to promote innovation and development in the field of physical AI. According to the content of the cooperation, the two sides will jointly explore innovative solutions for physical AI scenarios, including supporting next-generation AI workloads for the automotive sector to achieve intelligent capabilities driven by perception and interaction.

Notably, Botai Auto Federation recently received an official project notice from a leading domestic high-end NEV OEM and was selected for the first time as a supplier for a new generation of overseas models under the customer's flagship brand. It is responsible for the development and mass production delivery of high-end intelligent cockpit domain controllers and AI interaction systems based on the Qualcomm 8397 next-generation high-performance cockpit chip platform. This target is another substantial breakthrough in Botai Auto Union's global strategy.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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