BAIC, Changan Auto Rise on Approval for Level 3 Driver Assist
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000BAIC Motor Corp. and Changan Auto Co. rose Tuesday after the two state-controlled automakers received China’s first permits for Level 3 advanced driver assistance, allowing conditional driverless operations in designated areas. The Shanghai-traded shares of BAIC’s electric car unit Blue Park New Energy Technology Co. jumped by the daily limit of 10%, while Changan Auto climbed 5.5%.