Guangfa Securities: Maintaining a "buy" rating for Horizon Robotics-W (09660.HK) with optimized hardware architecture and full-stack algorithm services empowerment.

According to the Wisdom Finance APP, Guotai Junan Securities released a research report stating that it maintains a "buy" rating for Horizon Robotics-W (09660.HK). At the conference, the company announced several important developments, including the mass production of the high-level auxiliary driving system "HSD", with activation exceeding 12,000 vehicles in two weeks, and the possibility of exploring the urban NOA function in the 100,000 yuan-level vehicle market. Its overseas market expansion has shown initial results, and the proportion of mid-to-high-end product shipments is expected to continue to increase. The first launch of J6P+HSD will further enhance the company's product ASP and brand strength.