On October 2, DIRECT DRIVE rose 5.23% in regular trading, trading at HK$23.26 per share, with turnover of HK$6.6145 million.

On the news front, the company signed a strategic cooperation agreement with China Rare Earth Group Innovation Technology on September 29. Under the agreement, both parties will jointly develop high-performance magnetic materials including NdFeB, polymer magnetic rings, and radiation magnetic rings, focusing on magnetic material optimization, motor miniaturization, and high-torque output. The partnership aims to accelerate the deployment of direct-drive power modules in embodied robots, industrial automation, and medical equipment, while exploring equity investment and industrial fund models for deeper capital-industry integration.

Notably, DIRECT DRIVE listed on the Hong Kong Stock Exchange on September 29 at an offer price of HK$21.60, surging as much as 9% on its debut before falling below the offer price on September 30. The strategic cooperation announcement appears to have helped restore investor sentiment following the post-IPO decline.

DIRECT DRIVE is a robotics technology company with direct-drive technology as its core capability, primarily engaged in the sale of robotic power modules and robots. By revenue, it ranked first in the Chinese consumer robot direct-drive power module industry with a 61.1% market share.

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