HK Stock Market Move | HORIZONROBOT-W(09660) rose nearly 12% in the afternoon. The company has recently deepened cooperation with Bosch and reached a strategic cooperation with Denso.

HORIZONROBOT-W(09660) rose nearly 12% in the afternoon session, rising 10.69% to HK$7.26 as of press time, with a turnover of HK$1.257 billion. In terms of news, on April 23, Ideal Car announced the upgrade of the Ideal AD Pro assisted driving system, equipped with Horizon Journey 6M. On April 24, Horizon announced a strategic cooperation with Bosch, with Bosch using Horizon Journey 6B to create a new generation of multifunction cameras, and using Journey 6E/M to create an upgraded version of Bosch's longitudinal and lateral assisted driving system. In addition, Horizon recently announced a strategic partnership with automotive parts giant Denso to jointly develop combined assisted driving products. Western pointed out that the company's product solution delivery volume will reach 2.9 million units by 2024, with over 100 new car models added throughout the year and a total of over 310 models specified. At the same time, the HSD high-level autonomous driving solution has received intentions for integration from multiple leading OEMs. The company expects to ship over a million Journey series chips by 2025, indicating that it is poised to become the first domestic autonomous driving chip enterprise to reach a million-level shipment. The bank is optimistic about the company as a leading domestic intelligent driving chip provider, starting a new product cycle this year while accelerating global market expansion.