Horizon Robotics' Volkswagen Partnership May Bring Billions More Yuan in Revenue

Dow Jones

07/24

0359 GMT - Horizon Robotics' partnership with Volkswagen may bring billions more yuan in revenue for the Chinese company over the next few years, Daiwa analysts write in a note. Licenses for its AI foundation model and brain processing unit as well as algorithm and engineering services could be included in the revenue mix. Daiwa remains constructive on the company in the long term but cuts its 2026 to 2028 revenue forecast by 6%-18% and 2028 profit projection by 60%, citing softer-than-expected new-car demand in China and a tougher competitive market. Engineering and validation expenses from the partnership are likely to be front-loaded, the analysts note. Daiwa maintains a buy rating but lowers the target price to HK$6.30 from HK$10.60. Shares are last at HK$4.44. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

July 24, 2026 00:00 ET (04:00 GMT)

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Licenses for its AI foundation model and brain processing unit as well as algorithm and engineering services could be included in the revenue mix. Daiwa remains constructive on the company in the long term but cuts its 2026 to 2028 revenue forecast by 6%-18% and 2028 profit projection by 60%, citing softer-than-expected new-car demand in China and a tougher competitive market. Engineering and validation expenses from the partnership are likely to be front-loaded, the analysts note. Daiwa maintains a buy rating but lowers the target price to HK$6.30 from HK$10.60. Shares are last at HK$4.44. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 24, 2026 00:00 ET (04:00 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Horizon Robotics' Volkswagen Partnership May Bring Billions More Yuan in Revenue</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHorizon Robotics' Volkswagen Partnership May Bring Billions More Yuan in Revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-24 12:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0359 GMT - <a href=\"https://laohu8.com/S/HRZRF\">Horizon Robotics</a>' partnership with Volkswagen may bring billions more yuan in revenue for the Chinese company over the next few years, Daiwa analysts write in a note. Licenses for its AI foundation model and brain processing unit as well as algorithm and engineering services could be included in the revenue mix. Daiwa remains constructive on the company in the long term but cuts its 2026 to 2028 revenue forecast by 6%-18% and 2028 profit projection by 60%, citing softer-than-expected new-car demand in China and a tougher competitive market. Engineering and validation expenses from the partnership are likely to be front-loaded, the analysts note. Daiwa maintains a buy rating but lowers the target price to HK$6.30 from HK$10.60. Shares are last at HK$4.44. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 24, 2026 00:00 ET (04:00 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1109","symbol_name":"应用软件","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2653703723","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653703723","pubTimestamp":1784865600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0359 GMT - Horizon Robotics' partnership with Volkswagen may bring billions more yuan in revenue for the Chinese company over the next few years, Daiwa analysts write in a note. Licenses for its AI foundation model and brain processing unit as well as algorithm and engineering services could be included in the revenue mix. Daiwa remains constructive on the company in the long term but cuts its 2026 to 2028 revenue forecast by 6%-18% and 2028 profit projection by 60%, citing softer-than-expected new-car demand in China and a tougher competitive market. Engineering and validation expenses from the partnership are likely to be front-loaded, the analysts note. Daiwa maintains a buy rating but lowers the target price to HK$6.30 from HK$10.60. Shares are last at HK$4.44.  Dow Jones NewswiresJuly 24, 2026 00:00 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BK1109":"应用软件","BK4099":"汽车制造商","VWAGY":"大众汽车ADR","09660":"地平线机器人-W"},"translate_title":"地平线机器人与大众汽车的合作伙伴关系可能带来数十亿元的收入","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VWAGY":1.82,"09660":1.95},"content_text":"0359 GMT - Horizon Robotics' partnership with Volkswagen may bring billions more yuan in revenue for the Chinese company over the next few years, Daiwa analysts write in a note. Licenses for its AI foundation model and brain processing unit as well as algorithm and engineering services could be included in the revenue mix. Daiwa remains constructive on the company in the long term but cuts its 2026 to 2028 revenue forecast by 6%-18% and 2028 profit projection by 60%, citing softer-than-expected new-car demand in China and a tougher competitive market. Engineering and validation expenses from the partnership are likely to be front-loaded, the analysts note. Daiwa maintains a buy rating but lowers the target price to HK$6.30 from HK$10.60. Shares are last at HK$4.44. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 24, 2026 00:00 ET (04:00 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}