On July 13, Horizon Robotics-W rose 3.39% in regular trading, trading at HK$4.52/share, with turnover of HK$124 million. The stock extended its technical rebound following a prolonged selloff that saw its year-to-date decline approach 50%.

On the news front, multiple catalysts are providing support. Guotai Haitong Securities previously initiated coverage with an Overweight rating and a target price of HK$5.18, projecting revenue of RMB 6.2 billion, RMB 8.8 billion, and RMB 12.7 billion for the next three years, citing accelerating growth prospects. Additionally, expectations around BYD negotiating next-generation chip IP licensing cooperation with the company continue to build momentum. IP licensing, such as BPU architecture authorization, represents a high-margin business model in the semiconductor industry and could meaningfully improve the company's revenue mix if finalized.

However, market concerns persist as BYD has unveiled its proprietary 4nm automotive-grade autonomous driving chip Xuanji A3, with single-chip computing power exceeding 700 TOPS, raising the risk of Horizon Robotics becoming a backup supplier for its key client.

(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.)