HK Stock Market Move | HORIZONROBOT-W(09660) rose by over 6% and deepened its advanced intelligent driving cooperation with Volkswagen. Daiwa expects that the increase in customer unit prices will become the main driver of its revenue growth.

HORIZONROBOT-W (09660) rose more than 6%, as of the time of publication, it rose 6.42% to HKD 5.47, with a turnover of HKD 3.01 billion. In terms of news, recently, Horizon and Volkswagen Group officially announced further cooperation in the high-end field based on Horizon's full-scene intelligent driving solution HSD (Horizon SuperDrive). HSD will serve as an important technical support for intelligent driving R&D under Volkswagen Group's "in China, for China" strategy, accelerating R&D through the joint venture company CARIZON between CARIAD and Horizon, and deploying it on models under the Volkswagen Group's umbrella. Daiwa released a research report stating that it is expected that Horizon Siasun Robot & Automation will be one of the enterprises least affected by US tariffs in the automotive supply chain. The group's sales ban will end on April 24, and the bank believes this will provide investors with a good entry opportunity. Daiwa expects that the average selling price will become the main driver of revenue growth for Horizon Siasun Robot & Automation by 2025. It is expected to deliver 3.9 million chips in 2025, a 34% increase compared to the previous year, and predicts that the average selling price of chips will reach 391 RMB, a 71% increase compared to 229 RMB in 2024.