Changes in Hong Kong stocks | Horizon Robot-W (09660) rose more than 4% in early trading and joined hands with Zhixing Technology to develop a full-stack smart driving solution based on J6E

The Zhitong Finance App learned that Horizon Robot-W (09660) rose more than 4% in early trading. As of press release, it had risen 2.33% to HK$3.52, with a turnover of HK$47,152,800.

According to the news, previous market sources said that Zhixing Auto Technology will reach a strategic cooperation with Horizon, and the two sides will develop smart driving solutions based on the Horizon Journey series 6E chip (hereinafter referred to as J6E). The target market is the 10-150,000 mid-level smart driving market. Earlier, according to industry sources, BYD will also adopt the ORinn and Horizon J6e solutions next year to promote mass production of smart driving functions on its marine network models.

Citigroup released a research report saying that Horizon has strong technical advantages and localization expertise, and can benefit from the strong growth of the industry, its own stable customer base, and the increase in the penetration rate of domestic ADAS+AD chips. The bank expects 2026 to be a turning point in the development of Horizon Robotics. The company plans to start large-scale production of the flagship J6 series products in 2026. Currently, the target price is HK$4.6, which corresponds to a projected price-earnings ratio of 22 times in 2028, and expects the compound annual growth rate of EBIT to reach 32% from 2028 to 2030.