HK Stock Market Move | HORIZONROBOT-W(09660) rose nearly 6% in early trading, and the Horizon 6 series has received platformization appointments from over 20 automotive companies and brands.

HORIZONROBOT-W (09660) rose nearly 6% in early trading, as of the time of writing, it rose by 5.68% to 3.72 Hong Kong dollars, with a turnover of 12.6698 million Hong Kong dollars. On the news front, on January 13th, Horizon announced that the Journey 6 series has been targeted by more than 20 car companies and brands for platformization. From 2025, it will help over 100 models to launch with advanced driving functions. The flagship version of Journey 6 has been successfully delivered for sampling and is expected to be mass produced in the first quarter. The shipment volume of the Journey family is expected to exceed 10 million units within the year. EB SECURITIES pointed out that the penetration rate of ADAS and AD is continuously increasing; the company relies on the strength of its "Journey" series chip products, with the market share in the field of ADAS and AD chips expected to continue to increase. After the mass production scale of the "Journey 6" series chips expands, it is expected to benefit from economies of scale, and the company's losses are expected to narrow. The company has the advantages of "software-hardware integration" and industry-leading advantages, and is considered a leading domestic supplier of ADAS+AD solutions. The bank believes that the company has a certain scarcity and premium space.