On June 22, Horizon Robotics-W fell 3.07% in regular trading, trading at HK$4.12/share with turnover of HK$285 million. The stock has now declined over 60% from its historical high, continuing to set new lows.

On the news front, BYD previously announced the mass production of its self-developed 4nm automotive-grade autonomous driving chip Xuanji A3, delivering 700 TOPS per chip and over 2,100 TOPS total with three chips in parallel. As one of Horizon Robotics' core customers — with Journey 6 chip annual shipments reaching 2.5 million units — the market is increasingly concerned that BYD's in-house chip will directly displace third-party supplier volumes. Meanwhile, XPeng and other automakers are also accelerating self-developed autonomous driving chips with plans to supply externally, further intensifying competitive pressure. Additionally, the company's substantial annual report losses continue to suppress valuation recovery prospects.

(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.)