HK Stock Market Move | HORIZONROBOT-W(09660) rises over 7% to hit a new high, the company has reached a strategic cooperation with Hello to accelerate the commercialization process of Robotaxi.

Horizon Robot-W (09660) rose more than 7% in early trading, reaching a high of 11.32 Hong Kong dollars, setting a new record high for the company. As of the time of writing, it has risen by 4.78% to 10.95 Hong Kong dollars, with a trading volume of 1.241 billion Hong Kong dollars. On the news front, on September 11, Horizon Siasun Robot & Automation signed a strategic cooperation agreement with Hello Chuxing to create an end-to-end L4-level autonomous driving core system based on robotaxi operational needs, speeding up the city deployment and commercial landing of robotaxis. It is worth noting that with the cooperation with Hello Robotaxi, Horizon's intelligent driving technology platform has also achieved full coverage from L2 to L4 in all scenarios. BOC International pointed out that considering Horizon Siasun Robot & Automation's advanced HSD will start mass production in the second half of 2025, it is expected that the company's automotive product solution ASP will increase correspondingly in the second half of 2025, and new products are expected to drive an increase in authorization and service contract quantities; considering the initial results of overseas customer expansion, it is expected that the number of authorization and service contracts from overseas will significantly increase in 2026; considering the rapid pace of change in autonomous driving models, it is expected that the company will significantly increase research and development expenses to maintain market competitiveness.