HK Stock Market Move | HORIZONROBOT-W(09660) rose more than 6% in the afternoon, and the company reached a strategic cooperation with Carl Dynamics based on the journey 6P.

HORIZONROBOT-W (09660) rose more than 6% in the afternoon, as of the end of the report, it increased by 5.52% to 9.18 Hong Kong dollars, with a turnover of 1.801 billion Hong Kong dollars. On the news front, Horizon Siasun Robot & Automation and unmanned driving company Carl Dynamics announced a comprehensive strategic cooperation. The two parties will build efficient, safe, and scalable trunk logistics autonomous driving solutions based on the Horizon Journey 6P. By deep coupling of data and scenarios, they will jointly create the strongest L4 autonomous driving freight system, and promote the scale landing process of L4 level autonomous driving heavy trucks acceleration technology and commercialization. Lyon released a research report stating that it raised the estimated research and development expenditure for Horizon in 2026-2027 by nearly 1 billion yuan. The bank believes that the current stock price of Horizon has fully reflected negative factors and has greater upside potential. The bank expects that the customer certification of J6P in the coming months and the adoption of HSD600 by domestic leading automakers will be the core catalyst, therefore maintaining an "outperform the market" rating.