UBS has released a research report indicating that Horizon Robotics-W introduced three new products during its recent launch event. These include the High-end Smart Driving (HSD) V1.6 solution, the Starry 6 integrated cockpit and driving chip built on a 5-nanometer process, and the KaKaClaw vehicle operating system. The company plans to launch HSD V2.0 later this year, which is expected to feature more advanced human-like autonomous driving capabilities. UBS maintains a "Buy" rating on the stock with a target price of HK$13.2. The report highlighted that the most noteworthy aspect of the launch was the maturity and appeal of the integrated cockpit and driving chip, which has already secured over ten partners. Meanwhile, the company is transitioning into an automotive AI Agent solution provider, leveraging its expertise in system-on-chip (SoC) technology, full-stack autonomous driving solutions, and edge AI models to build an operating system platform. The bank believes this strategy will strengthen the company's position in the autonomous driving SoC and cockpit solution markets and anticipates a positive market reaction to the product unveiling. UBS noted that its current valuation model does not yet incorporate potential earnings from the new products and will revisit its forecasts accordingly.