HK Stock Market Move | HORIZONROBOT-W (09660) rose more than 5% in early trading, Horizon is favored by domestic and foreign car companies, and HSD has obtained designated orders from multiple car companies.

HORIZONROBOT-W (09660) rose more than 5% in early trading, as of the time of writing, it has risen by 3.71%, to 8.66 Hong Kong dollars, with a turnover of 7.94 billion Hong Kong dollars. On the news front, according to Securities Daily, Horizon Siasun Robot & Automation has already delivered in batch the Bosch intermediate-level intelligent driving solutions based on the Horizon 6E/6M journey; it has also won orders from the mainstream vehicle platform of a top OEM in Japan, covering its main selling models in the Chinese market. In addition, the Star Journey ET5, the first to adopt the HSD system globally, has completed its intelligent driving debut and is expected to be launched in November, hopefully bringing the high-end intelligent driving experience down to the mainstream market of 150,000 yuan. It is worth mentioning that as of now, HSD has been designated for more than 10 models by multiple car manufacturers, according to Horizon's plans, their HSD solution aims for mass production of tens of millions in the next 3-5 years. Morgan Stanley points out that the accelerating promotion of global autonomous driving is beginning a positive adoption cycle, and China is conforming to this trend, as global car manufacturers are increasingly collaborating with localized technology to accelerate their autonomous driving strategies.