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Hong Kong stock market news: Ruqi Chuxing (09680) surged by more than 10%, with stock prices almost doubling this week. Ruqi Robotaxi has obtained a commercial pilot license.
Ruqi Travel (09680) has risen by more than 10%, with a cumulative increase of nearly 100% in stock price this week. As of press time, it has risen by 10.36%, with a price of 30.9 Hong Kong dollars and a turnover of 1.7912 million Hong Kong dollars.
Hong Kong stock market anomaly | Ruqi Travel (09680) rose more than 14% in early trading, a cumulative increase of nearly 50% in two days. The company has strong potential for commercial deployment of Robotaxi.
Ruhqi Travel (09680) continued to rise by more than 14% in early trading, with a cumulative increase of nearly 50% in two days. As of the time of writing, it rose 9.11% to HKD 23.35, with a turnover of 2.7456 million Hong Kong dollars.
Behind Ruqi Travel's (09680) surge of 34%: Did the market buy into the Robotaxi story?
Ruqi travel is leading the way in commercializing Robotaxi.
Hong Kong stocks' rally | Ruqi Chuxing (09680) rose more than 25% in the last trading session. The commercial application of self-driving cars is accelerating, and the company has strong potential for Robotaxi commercial landing.
As of the close, Ruqi Travel (09680) rose more than 25%, up 23.28% to HK$19.7, with a turnover of HK$40.697 million.
The online car-hailing regulatory information exchange system received a total of 0.971 billion orders in June, an increase of 2.9% compared to the previous month.
According to the statistics of the online car-hailing regulation information exchange system, as of June 30, 2024, there are a total of 354 online car-hailing platform companies that have obtained online car-hailing platform operation licenses nationwide, an increase of 3 compared with the previous period.
China International Capital Corporation: The long-term development of the Robotaxi industry relies on the positive feedback loop formed by technology, commercialization, and policy.
Before a positive cycle is formed, Robotaxi companies may undertake a period of losses. China International Capital Corporation believes that financial strength, closed-loop data, integration of hardware and software, and technological innovation are key competitive factors for Robotaxi companies at present.
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