Autonomous Driving Concept Stocks Watch | BIDU-SW(09888.HK) Trades Weakly in Afternoon; Apollo Go Secures Hong Kong Autonomous Driving Test License

NewTimeSpace News: On 24 July 2026,BIDU-SW(09888.HK) traded lower in the afternoon. As of 14:38, its intraday price stood at HK$104.10, representing a decline of 2.53%.

On the corporate news front, Apollo Go has been granted an autonomous vehicle testing license by Hong Kong’s Transport Department. Hong Kong authorities approve the fleet to conduct fully driverless road tests without safety operators on board on Hong Kong Airport Island, and the test programme will officially launch on 27 July.

Guosen Securities stated that the penetration rate of passenger vehicles equipped with L2 and above intelligent driving systems hit 42.7% in April 2026, a year-on-year increase of 18.4 percentage points. The penetration rates of highway NOA and urban NOA reached 43.2% and 22.9% respectively, rising 18.7 and 11.7 percentage points year-on-year, as well as 3.1 and 2.2 percentage points month-on-month.

BIDU-SW (09888.HK) Focuses on the R&D of L4 autonomous driving algorithms and the commercialization of unmanned Robotaxis. Leveraged by the ERNIE foundational model and optimized by the Qianfan compute base, its "Apollo Go" autonomous ride-hailing service has achieved large-scale, normalized commercial operations across multiple core cities in China, with cumulative autonomous test mileage exceeding hundreds of millions of kilometers. Through high-frequency, high-confidence real-world road test data cleansing, the company continues to solidify the most robust data asset and algorithmic moat within the HKEX autonomous driving sector.

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