Horizon Robotics-W's stock soared 5.07% during intraday trading on Tuesday, extending its recent strong performance in the market.
The surge appears to be driven by news of a deepening strategic partnership with automotive giant BYD. BYD Chairman Wang Chuanfu recently met with Horizon Robotics founder Yu Kai, with both executives jointly experiencing the BYD Seal model equipped with Horizon's smart driving solution. The market widely interprets that the company has secured a particularly large cooperation order, believed to be new scaled orders from BYD.
Further supporting the bullish sentiment, Horizon's Starscape 6P cabin-driving fusion chip has reportedly secured preliminary cooperation intent from BYD, with the first equipped model expected to enter production in the fourth quarter. The partnership extends beyond chip supply into system architecture-level joint development, supporting BYD's strategy of making smart driving accessible across its full vehicle lineup.
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