HK Stock Market Move | HORIZONROBOT-W(09660) rises nearly 5%, Goldman Sachs expects the "Journey 6" series to contribute income starting next year.

HORIZONROBOT-W (09660) rose by nearly 5%, reaching a 4.44% increase as of the time of writing, closing at 3.76 Hong Kong dollars, with a turnover of 62.86 million Hong Kong dollars. On the news front, there were market reports that IMOTIONAUTOTECH would establish a strategic partnership with Horizon, and both parties would develop smart driving solutions based on the Horizon "Journey 6E" chip, targeting the mid-range smart driving market of 100,000 to 150,000 units. Earlier industry reports suggested that BYD Company Limited would also adopt the OrinN and Horizon J6E solutions next year to mass-produce smart driving features on its Ocean Network models. Goldman Sachs issued a research report stating that Horizon Siasun Robot & Automation has launched a new generation "Journey 6" series, with solutions covering a wide range of computational capabilities from 10 TOPS to 560 TOPS, aiming to first mass-produce 80-128 TOPS J6E/J6M in 2025, and then mass-produce J6P/J6B in 2026. The "Journey 6" series of products will be launched in April 2024, with potential customers including 10 companies (SAIC, BAIC MOTOR, LI AUTO-W, GAC, etc.). Goldman Sachs expects revenue contribution from this series to start in 2025.