瑞银发布研报称，地平线机器人-W（09660）于发布会上推出三款新产品，包括高端智能驾驶解决方案（HSD） V1.6、采用5纳米工艺的星空Starry 6舱驾一体芯片，以及KaKaClaw汽车操作系统。公司计划今年稍后推出HSD V2.0，预期将具备更强的人类化自动驾驶能力。现给予目标价13.2港元及“买入”评级。
报告提到，发布会最值得关注之处在于舱驾一体芯片的成熟度与吸引力，目前已获得十多个合作伙伴。同时，公司正转型为汽车AI Agent解决方案供应商，利用其在系统级芯片（SoC）、全栈自动驾驶解决方案及边缘AI模型方面的专业知识，构建操作系统平台。
该行相信有关策略将加强公司在自动驾驶SoC及座舱解决方案市场的地位，预期市场对是次发布会反应正面。目前该行的估值模型尚未纳入有关新产品的潜在盈利，将重新审视预测。
责任编辑：卢昱君
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