Zhixing Automotive Technology (01274) surged more than 9%. As of press release, it rose 9.13% to HK$19.6, with a turnover of HK$21.5287 million.
The Zhitong Finance App learned that Zhixing Auto Technology (01274) surged more than 9%. As of press release, it had risen 9.13% to HK$19.6, with a turnover of HK$21.5287 million.
According to the news, according to market information, Zhixing Auto Technology will reach a strategic cooperation with Horizon. The two sides will develop smart driving solutions based on the Horizon Journey series 6E chip. The target market is the 0.1-0.15 million mid-level smart driving market. The Horizon J6E chip has 80 TOPS of computing power per chip, and can support functions such as high-speed piloting, automatic parking, and urban memory piloting. The price of the complete solution based on the J6E is less than 5,000 yuan. It supports passive cooling, can be used in fuel vehicles, and is an extremely cost-effective solution. 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.
In the first half of 2024, Zhixing Auto Technology achieved revenue of 0.636 billion yuan, an increase of 17.11% year on year; gross profit of 0.045 billion yuan, up 9.29% year on year. The company delivered more than 0.096 million sets of autonomous driving solutions and products to customers during the period, an increase of 92.9% over the previous year. Dongwu Securities pointed out earlier that the intelligent driving industry has huge potential, and the gradual increase in the penetration rate will bring great opportunities for the development of the industrial chain. As a leader in the field of autonomous driving, the company is expected to fully enjoy the dividends of industry development, and revenue and profits will further increase.