0507 GMT - Some Chinese automakers' efforts to develop in-house autonomous-driving chips are unlikely to significantly erode Horizon Robotics' addressable market, Daiwa analysts write in a note. Investors may be overestimating the threat posed by BYD's newly unveiled Xuanji A3 autonomous-driving chip, they note. While BYD, XPeng, Li Auto and NIO have all introduced proprietary chips, the automakers are unlikely to target the mid- to low-end computing segments, where chips are becoming what they describe as "increasingly commoditized." That leaves Horizon Robotics well positioned in the mass-market Level 2 advanced driver-assistance systems segment, Daiwa said. The brokerage maintains its buy rating for the stock but cut its target price to HK$10.60 from HK$12.40. Shares last at HK$5.39. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

June 01, 2026 01:07 ET (05:07 GMT)

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