HK Stock Market Move | HORIZONROBOT-W(09660) rises more than 3%, institutions believe the company is expected to take the lead in the trend of intelligent driving sinking.

HORIZONROBOT-W (09660) rose more than 3%, as of the time of publication, it rose 2.72% to 3.77 Hong Kong dollars, with a turnover of 58.8882 million Hong Kong dollars. BOC International released a research report stating that currently, NVIDIA's Orin-X with 254Tops of computing power holds an important position in the Chinese high-end vehicle market. Horizon's J6P, released in April 2024, has a comprehensive computing power of 560Tops, surpassing NVIDIA's Orin-X performance. According to Zhishi Consulting data, in the first half of 2024, Horizon's market share in the Chinese domestic OEM advanced driver assistance solutions market reached 35.9%, ranking first. The report further pointed out that according to 36Kr, there is a trend towards popularization of advanced autonomous driving technology in vehicles priced below 200,000 RMB by 2025. The industry generally believes that computing chips designed for autonomous driving models can achieve optimal performance for large models. Horizon provides integrated software and hardware solutions for OEMs, including high-end HorizonSuperDrive+J6P, Mid-range Horizon Pilot+J3/J5/J6E/J6M, and low-end HorizonMono+J3/J6B. The report expects Horizon to provide more cost-effective solutions with greater production efficiency for OEMs and Tier1 suppliers in the trend of sinking into the autonomous driving market.