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Hong Kong stock movement | Horizon Robotics-W (09660) rose nearly 6% in the morning session, with the Journey 6 series already being platformed by over 20 automotive companies and brands.
Horizon Siasun Robot&Automation-W (09660) rose nearly 6% in early trading, and as of the time of this report, it is up 5.68%, quoted at 3.72 Hong Kong dollars, with a transaction value of 12.6698 million Hong Kong dollars.
Horizon (9660.HK) SuperDrive launches three major technologies, winning the second half of the competition in Asia Vets.
On January 13th, the "Beyond the Horizon Intelligent Driving Technology Day" was held in Shanghai, reviewing the innovative achievements in mass production made by Horizon through the combination of software and hardware technologies, and looking forward to the year 2025 as the breakout year for advanced intelligent driving. At the same time, the "SuperDrive Intelligent Driving Experience Event" took place in the bustling areas of Jing'an District in Shanghai, launching three major intelligent driving black technologies and creating a new benchmark for an efficient, human-like, and "10-minute mastery" intelligent driving experience.
[Brokerage Focus] Everbright initially rated Siasun Robot&Automation (09660) as "Buy" and is Bullish on the company's trend of increasing market share.
Jingu Financial News | Everbright issued a Research Report indicating that Horizon Robotics (09660) has become a leading supplier of ADAS+AD solutions, providing assistance and advanced autonomous driving solutions for industry-leading OEMs and domestic automotive manufacturers. According to Statistics data from ZuoSi Automotive Research and GaoGong Smart Automobile, the company ranks first/ fourth in market share for L2 and below (24H1)/ L2+ and above chips (24M1-24M8) respectively. The firm stated that the company is committed to 'collaborative development of hardware and software' and has a first-mover advantage in the high-threshold intelligent driving chip field, being Bullish on the company's market share growth.
Chip stocks initially performed well with Semiconductor Manufacturing International Corporation (00981) rising by 2.19%. Institutions indicate that the Semiconductors Industry is already in the recovery stage.
Jinwu Financial News | At the beginning of trading, chip stocks are performing well. As of the time of publication, ASMPT (00522) is up 3.55%, HUA HONG SEMI (01347) is up 2.73%, Semiconductor Manufacturing International Corporation (00981) is up 2.19%, SHANGHAI FUDAN (01385) is up 1.43%, and Siasun Robot&Automation (09660) is up 1.06%. In terms of news, Ping An Securities released a report on the semiconductor Industry, which indicates that driven by strong demand for AI, the Global semiconductor market revenue is expected to reach 177.8 billion USD in the third quarter of 2024, representing a 26% year-on-year increase and an 8.5% quarterly increase. Looking ahead for the year, it is estimated that 202
China's Robotaxi Market Projected to Hit CNY160 Billion by 2026 -- Market Talk
Horizon Robotics Likely to Report Higher Revenue in Coming Years -- Market Talk
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