Shares of Yongda Auto (03669) have risen more than 5%. As of the latest update, the stock is up 5.62% to HK$0.94, with a turnover of HK$2.5841 million.

The move follows the company's announcement of a strategic cooperation framework agreement with Xiamen Hongxin Electronics Technology Group Inc. (300657), marking its official entry into the embodied AI field. Concurrently, an affiliate of Hongxin Electronics plans to subscribe to 73.16 million new shares in Yongda Auto at HK$0.825 per share, representing 3.85% of the enlarged share capital. The total proceeds of approximately HK$60.36 million are intended for the initial deployment of embodied AI commercialization.

Analysts have expressed an overall positive view on the development, suggesting this partnership could potentially provide Yongda Auto with a second major growth driver.