Shares of AXERA (00600) surged more than 4% during the late trading session on Tuesday. As of the time of writing, the stock was up 3.68% at HK$17.73, with trading volume reaching HK$19.02 million.

On the news front, AXERA recently announced that its self-developed automotive-grade ADAS SoC M57 chip, integrated into Aptiv's next-generation intelligent front-view integrated unit, has achieved large-scale production and delivery on vehicles from a leading Chinese new energy automaker targeting the European Union market. The intelligent driving system, developed under the leadership of Aptiv's China team, meets the E-NCAP 2026 five-star safety standard, marking the official clearance of the M57 through the European market's entry requirements.

To date, the M57 has secured design wins from multiple domestic and international automakers and Tier 1 suppliers, with product formats covering a range of scenarios, including intelligent front-view integrated units, parking and driving integrated domain controllers, and in-cabin perception systems. The chip is currently accelerating its rollout across both the Chinese and European markets.