HK Stock Market Move | DIRECT DRIVE (06731) rises over 5%, signs strategic cooperation with Everybot, a leading Korean Siasun Robot & Automation company.

DIRECT DRIVE (06731) rose over 5%, up 5.16% as of press time to HK$42.38, with turnover of HK$17.2377 million. On the news front, on November 3, DIRECT DRIVE officially signed a strategic cooperation agreement with South Korea's EVERYBOT Inc. The two parties will carry out in-depth cooperation around distribution in the Korean market, localized implementation, and embodied intelligence product collaboration. The company stated that the signing of this strategic cooperation agreement marks an important beginning for DIRECT DRIVE to implement its globalization strategy for embodied intelligence, and overseas market expansion is also one of its core strategic moves, in line with its strategic development direction of "globalization" and "localization in overseas markets." It is reported that DIRECT DRIVE is deeply engaged in the research, development, and manufacturing of direct drive modules, Siasun Robot & Automation joints, and Siasun Robot & Automation bodies, achieving a complete industrial closed loop from self-developed mass production of core components to the commercial implementation of complete Siasun Robot & Automation machines. Its products are exported to more than 50 countries and regions worldwide, and it has mature solutions and implementation experience in scenarios such as consumer Siasun Robot & Automation, embodied Siasun Robot & Automation, industrial automation, and intelligent equipment.