HK Stock Market Move | HORIZONROBOT-W(09660) soars over 4% again, Beiqi collaborates with Horizon to create the dual mode 6M city NOA system.

HORIZONROBOT-W(09660) rose more than 4% again, rising 3.8% as of the time of writing, reaching 9.01 Hong Kong dollars, with a turnover of 547 million Hong Kong dollars. On the news front, on December 9, FAW Group and Horizon announced a deep cooperation, with both parties jointly developing a full-scene urban NOA system based on the two Horizon Journi 6M chips, and integrating FAW's self-developed "Yuanjing AI central brain" technology to promote the rapid implementation of advanced intelligent driving solutions. This cooperation marks another significant breakthrough for FAW in the field of intelligent technology, injecting new momentum into the development of intelligent cars under independent brands. Goldman Sachs released a research report stating that Horizon's Siasun Robot & Automation's HSD solution has been adopted by several new models of Chery, including the Star ET5, Fengyun T9, and iCAR V27. Goldman Sachs expects that by 2026, Horizon Siasun Robot & Automation will achieve mass production of more vehicle models, as well as acquire more new projects, which will drive an increase in its shipment volume and result in a higher average selling price through product portfolio upgrades.