Hong Kong AI Concept Stock Daily: WERIDE-W Leads with a 7.11% Gain as GAC Aion Sets Ray7 Pre-sale for October 17 - 20261012

NewTimeSpace · 2026/10/12 17:35 · By Jiayi Sun

On October 12, 2026, Hong Kong indices diverged, with the HSI up 0.25%. WERIDE-W led AI concept stocks with a 7.11% gain, while UBTECH ROBOTICS fell 5.64%.

Key Highlights:

The HSI rose 0.25%, the HSTECH fell 0.67% and the HSCEI rose 0.25%; full-day turnover on the HSI reached HKD 162.6 billion, down sharply from a day earlier.
WERIDE-W rose 7.11%, BLACK SESAME rose 6.80% and PONY-W rose 5.02%; UBTECH ROBOTICS fell 5.64%, XIAOMI-W fell 5.55% and MONTAGETECH fell 5.00%.
GAC Aion set the Ray7 pre-sale for October 17 with WeRide L4-derived algorithms; Pony.ai and Uber will bring seventh-generation Robotaxis to London; AWS Bedrock integrated Zhipu's GLM-5.3 on a revenue-sharing basis; Q4 DRAM contract prices are expected to rise another 10-15%.

I. Market Overview

On October 12, 2026, Hong Kong's three major indices diverged, with the Hang Seng Index up 0.25% at 24,271.20, the Hang Seng China Enterprises Index up 0.25% at 8,168.57, and the Hang Seng TECH Index down 0.67% at 4,169.57. Full-day turnover on the Hang Seng Index reached HKD 162.6 billion, down sharply from HKD 209.2 billion a day earlier. AI concept stocks declined broadly, with 7 of the 20 names closing higher; the autonomous driving space led gains while AI chips and embodied AI names pulled back.

In the LLM space, BABA-W (09988.HK) rose 1.12%, MINIMAX-W (00100.HK) rose 0.47%, MEITUAN-W (03690.HK) rose 0.42% and TENCENT (00700.HK) rose 0.24%; BIDU-W (09888.HK) fell 1.45%, KUAISHOU-W (01024.HK) fell 2.79% and Z.AI (02513.HK) fell 3.51%.

In the AI Chips space, all six names closed lower: ILUVATAR COREX (09903.HK) fell 0.34%, SMIC (00981.HK) fell 2.52%, BIRENTECH (06082.HK) fell 3.55%, GIGADEVICE (03986.HK) fell 4.82%, HUA HONG GRACE (01347.HK) fell 4.97% and MONTAGETECH (06809.HK) fell 5.00%.

In the Autonomous Driving space, WERIDE-W (00800.HK) rose 7.11%, the top gainer among AI concept stocks; BLACK SESAME (02533.HK) rose 6.80% and PONY-W (02026.HK) rose 5.02%; ROBOSENSE (02498.HK) fell 0.80% and HORIZONROBOT-W (09660.HK) fell 2.92%.

In the Embodied AI space, XIAOMI-W (01810.HK) fell 5.55% and UBTECH ROBOTICS (09880.HK) fell 5.64%, the two worst performers among AI concept stocks, with XIAOMI-W, the previous session's top gainer, pulling back sharply.

II. Market Performance of Representative AI Stocks

Stock Code	Company Name	Closing Price (HKD)	Change(%)	Sector / Concept
00800.HK	WERIDE-W	12.810	7.11	Autonomous Driving
02533.HK	BLACK SESAME	8.795	6.80	Autonomous Driving
02026.HK	PONY-W	47.660	5.02	Autonomous Driving
09988.HK	BABA-W	108.200	1.12	LLM
00100.HK	MINIMAX-W	214.000	0.47	LLM
03690.HK	MEITUAN-W	71.800	0.42	LLM
00700.HK	TENCENT	425.800	0.24	LLM
09903.HK	ILUVATAR COREX	88.000	-0.34	AI Chips
02498.HK	ROBOSENSE	16.120	-0.80	Autonomous Driving
09888.HK	BIDU-W	81.800	-1.45	LLM
00981.HK	SMIC	56.200	-2.52	AI Chips
01024.HK	KUAISHOU-W	29.260	-2.79	LLM
09660.HK	HORIZONROBOT-W	3.995	-2.92	Autonomous Driving
02513.HK	Z.AI	619.000	-3.51	LLM
06082.HK	BIRENTECH	29.900	-3.55	AI Chips
03986.HK	GIGADEVICE	375.600	-4.82	AI Chips
01347.HK	HUA HONG GRACE	89.850	-4.97	AI Chips
06809.HK	MONTAGETECH	254.800	-5.00	AI Chips
01810.HK	XIAOMI-W	24.520	-5.55	Embodied AI
09880.HK	UBTECH ROBOTICS	67.700	-5.64	Embodied AI

Data Source: HKEX. For reference only, not investment advice. Data as of market close on October 12, 2026.

III. AI Industry & Corporate Developments

1. WERIDE-W Tops the Gainers with a 7.11% Rise as GAC Aion Sets Ray7 Pre-sale for October 17

On October 12, WERIDE-W (00800.HK) closed up 7.11% at HKD 12.810, the top gainer among AI concept stocks. GAC Aion will launch pre-sales of the Ray7 on October 17. Built on the AEP pure electric platform, the model adopts WeRide's L4-derived large model algorithms for intelligent driving, equipped with 27 automotive-grade full-view sensors including a 192-line LiDAR and three 4D millimeter-wave radars, and supports features such as locating parking spots without navigation.

2. PONY-W Rises 5.02% as Its Seventh-generation Robotaxis Head to London for Road Testing

On October 12, PONY-W (02026.HK) closed up 5.02% at HKD 47.660. On October 8, Pony.ai and Uber announced that they will bring Pony.ai's seventh-generation Robotaxis to London, with road testing expected to begin within weeks. In August, the two companies expanded their partnership with a plan to deploy more than 2,000 Robotaxis across five European cities. According to its financial report, Pony.ai's Robotaxi fleet reached 1,975 vehicles as of June 30, 2026.

3. Z.AI Falls 3.51% as AWS Bedrock Integrates GLM-5.3 on a Revenue-sharing Basis

On October 12, Z.AI (02513.HK) fell 3.51% to HKD 619.000. Industry reports said Amazon Web Services has integrated Zhipu's GLM-5.3 on Amazon Bedrock, its large model platform, with AWS sharing revenue with Zhipu based on model call volumes, adding a new case of hosting-based revenue-sharing cooperation between Chinese LLM developers and global cloud providers. Zhipu has also released GLM-5.3-FlashX, improving inference speed on domestic computing platforms.

4. Memory Price Pressure Persists as the Fourth Round of Smartphone Price Hikes Lands This Year

Since October, rising memory chip prices have continued to pass through to end devices. After Huawei, Xiaomi and Honor collectively raised prices on multiple models on September 1, Huawei's nova 16 series and the Xiaomi 17 Ultra saw price increases on the same day on October 9, the fourth round of smartphone price hikes this year. Industry data show that the share of memory in a device's bill of materials has climbed from 10-15% in the past to more than 30-40%; in the fourth quarter, DRAM contract prices are expected to rise another 10-15%, with NAND flash increases widening to 15-20%. Driven by surging AI computing demand, memory giants such as Samsung and SK Hynix have shifted advanced capacity toward HBM, squeezing the supply of consumer-grade memory.

5. Robotaxi Commercialization Accelerates as XPeng's Youyou Debuts and New Players Scale Up Fleets

At the industry level, large-scale commercialization of Robotaxis keeps advancing. In October, XPeng's Youyou officially debuted as China's first fully in-house developed, front-installed mass-produced robotaxi, developed on the flagship GX model. XPeng earlier obtained Guangzhou's remote testing qualification for intelligent connected vehicles in August, allowing driverless road tests with no safety driver on first, second and third class test roads in the city. Among new entrants, Hellobike has said it aims to cover more than 10 cities in 2026 with a fleet targeting the 10,000-vehicle level, and expects to deploy more than 50,000 Robotaxis by 2027.

IV. Profiles of Representative AI Concept Stocks

Company Name	Stock Code	Industry Position	Main Product Lines & Business Overview
WERIDE-W	00800.HK	The world's only L4 cross-scenario autonomous driving platform holding permits across seven countries	Holds autonomous driving permits across China, the UAE, Singapore, France, Saudi Arabia, Belgium, and the US. Built upon the proprietary WeRide One platform, the company covers smart mobility, logistics, and sanitation across five core product lines: Robotaxis, Robobuses, Robosweepers, Robovans, and Advanced Driving Assistance Systems (ADAS). Operations cover over 30 cities across 11 countries, supported by an L4 fleet exceeding 1,500 vehicles.
BLACK SESAME	02533.HK	Leading provider of automotive grade computing SoCs and SoC based solutions for intelligent vehicles	Founded in 2016 and listed on the HKEX in 2024 as the "first smart car AI chip stock", the company offers the Huashan series (assisted driving) and Wudang series (cross domain computing). Huashan A1000 has been integrated into models from Geely, BYD and others; Wudang C1200 advanced to mass production in 2025; Huashan A2000 is the world's first 7nm panoramic high compute chip. 2025 revenue reached RMB 822 million, up 73.4% YoY.
PONY-W	02026.HK	Global commercialization leader in L4 autonomous mobility and logistics	The first autonomous driving company in China to secure fully driverless Robotaxi commercial operation permits across all four top-tier cities (Beijing, Shanghai, Guangzhou, Shenzhen). Core operations span autonomous ride-hailing (Robotaxi) and freight services (Robotruck), with Robotaxi deployments across 9 countries and public operations in overseas markets including Croatia, Qatar, Singapore, and South Korea. Targeting a global fleet exceeding 3,000 vehicles across 20+ cities by 2026, the company has achieved positive unit economics per vehicle.
BABA-W	09988.HK	China's cloud and AI leader	The company has released several new models, including Qwen3.6-Plus, with the Qwen LLM surpassing 1.4 trillion Tokens in daily API calls, setting a new global record for daily calls on third-party platforms. The Qwen consumer-facing application has exceeded 300 million MAU and has been integrated into the smart cabins of multiple automakers. It consistently ranks at the forefront in international benchmark evaluations for coding and agentic capabilities. Its business layout seamlessly matches the trend of scaled procurement of computing power and model APIs by government and enterprise clients.
MINIMAX-W	00100.HK	A top-tier player dedicated to omni-modal AGI	The company continuously iterates its video generation model matrix and has partnered with mainstream domestic and overseas chip manufacturers and inference platforms to complete underlying adaptations. The total monthly active users (MAU) of its B2C and B2B LLM applications, along with multimodal API call volumes, maintain rapid growth, further broadening its computing power ecological layout.

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