$HORIZONROBOT-W(09660)$ Citi p

$HORIZONROBOT-W(09660)$ Citi published a research report saying, Horizon Robot-W(09660) deepened strategic cooperation with Volkswagen through CARIZON. CARIZON will adopt Horizon's AI-based large model authorization model to develop unified autonomous driving technology. The bank estimates that under other conditions, the cooperation will bring about RMB 3 billion in licensing revenue contribution in the next three years, which is equivalent to an upside of 10 to 12% in gross profit. The bank assigned Horizon Robotics a price target of HK$12.3 with a \"Buy/High Risk\" rating.

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