On July 7, Horizon Robotics-W rose 3.56% in regular trading, trading at 4.57 HKD/share, with turnover of 141 million HKD. Multiple positive catalysts continued to drive the stock higher, rebounding from the prior session's pullback.

On the news front, Guotai Haitong Securities recently initiated coverage on the company with an Overweight rating and a target price of 5.18 HKD, forecasting revenue of 6.2 billion, 8.8 billion, and 12.7 billion RMB for the next three fiscal years respectively, citing accelerating growth prospects. Meanwhile, market expectations for a large-scale BYD cooperation order continued to heat up, following earlier reports of BYD Chairman Wang Chuanfu and Horizon Robotics founder Yu Kai jointly test-driving vehicles equipped with the company's autonomous driving solutions. Additionally, the company's HSD V2.0 assisted driving system, its largest OTA upgrade to date featuring 6 major dimensional upgrades, 18 new functions, and 25 experience optimizations, has begun rollout to users, providing dense fundamental catalysts supporting the share price.

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