On June 25, Horizon Robotics-W fell 3.23% in regular trading, trading at 3.83 HKD/share, with turnover of approximately 59.76 million HKD. The stock has now declined over 60% from its historical high, continuing to set new lows.

On the news front, BYD previously announced that its first 4nm automotive-grade autonomous driving chip, Xuanji A3, has officially entered mass production. The chip delivers 700 TOPS of computing power per unit, with three chips in parallel exceeding 2,100 TOPS total. As one of Horizon Robotics' core clients, BYD's Journey 6 chip annual shipment volume previously reached 2.5 million units, raising market concerns that client self-developed chips could directly displace third-party supplier share. Additionally, automakers including XPeng are accelerating their own autonomous driving chip development with plans to supply externally, further intensifying competitive pressure. The company's annual report showing continued significant losses also weighs on valuation recovery expectations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)