HK Stock Market Move | HORIZONROBOT-W(09660) rose by over 4% in the morning, Horizon J6P plan is on board, and HSD starts mass production.

HORIZONROBOT-W(09660) rose by over 4% in the morning, as of the deadline, it rose by 3.7%, closing at 7.84 Hong Kong dollars, with a turnover of 457 million Hong Kong dollars. On the news front, on November 13th, the new model Star Way ET5 under Startimes Car officially started pre-sales, with the world's first Horizon HSD urban driving assistance system and the Journey 6P computing solution. Horizon recently announced that HSD has established partnerships with up to 10 car brands at home and abroad, covering more than 20 models. With the mass production of the first batch of collaborative models with HSD, Horizon has become the industry's first smart driving technology company to achieve mass production of low-, medium-, and high-level assisted driving. JPMorgan Chase previously released a research report believing that Horizon's competitive product performance and pricing strategy will help the company continue to expand market share and drive growth. In addition, Horizon's product line can bring incremental revenue and support long-term growth. The bank predicts that the company's revenue compound annual growth rate will reach 56% from 2024 to 2027, and achieve a 73% annual growth rate in 2028. This trend should further drive the stock price up.