HK Stock Movement | HORIZONROBOT-W (09660) Rises Over 6% in Afternoon Session on Strategic Partnership with KAR Power for Journey 6P

Stock News12-10

HORIZONROBOT-W (09660) surged more than 6% in the afternoon session, reaching a 5.52% gain at press time to trade at HK$9.18, with a turnover of HK$1.801 billion. The company announced a comprehensive strategic partnership with autonomous driving firm KAR Power, focusing on the development of efficient, safe, and scalable autonomous logistics solutions based on HORIZONROBOT's Journey 6P platform. The collaboration aims to integrate data and scenarios to create a leading L4 autonomous freight system, accelerating the commercialization of L4 autonomous heavy trucks.

Lyons Securities upgraded its R&D expenditure estimate for HORIZONROBOT by nearly RMB1 billion for 2026-2027, noting that current share prices already reflect negative factors, leaving room for upside. The firm expects upcoming customer certifications for Journey 6P and adoption of HSD600 by leading domestic automakers to serve as key catalysts, maintaining an "Outperform" rating.

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