Horizon Robotics-W: High Compute + HSD Architecture Are Entering a Multi-Year Ramp-Up

SG Visual Research

$地平线机器人-W(09660)$

Horizon Robotics is moving into a decisive scale-up phase, and this update highlights why the market should not ignore it.

The key catalyst is computing power + full-stack architecture advancing simultaneously.

The Journey series has now shipped over 10 million SoCs, covering more than 40 OEMs and 400 models, making Horizon one of the most widely deployed intelligent-driving chip suppliers in China.

The newly mass-produced Journey 6 platform spans 10–560 TOPS, positioning it as the only domestic solution capable of supporting L2 to full-scenario urban assisted driving on a single architecture.

At the same time, the company’s HSD software-hardware integrated ADAS stack is entering a rapid commercialization cycle. It has already secured 10 OEMs and 20+ models, including Exeed ET5 and Fengyun T9L, with analysts expecting installation volumes to expand sharply from 2026 onward.

Revenue is forecast to grow 50%+ annually in 2025 and 2026, with gross margin improvement driven by the Journey 6 ramp.

@Tiger_SG @Daily_Discussion @TigerStars @TigerStars @Tiger_comments

Horizon Robot-W stock price rises and large-scale mass production of HSD solution

The stock price of Horizon Robot-W rose more than 4% before noon to HK $7.84, with a turnover of over HK $450 million. Xingtu Motors' new model Xingtu ET5 is equipped with the Horizon HSD assisted driving system, and the HSD solution has achieved large-scale mass production. JPMorgan Chase has given an overweight rating and a target price of HK $13.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

2

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":509647546749520,"tweetId":"509647546749520","gmtCreate":1765457092713,"gmtModify":1765459009589,"author":{"id":4228443963132142,"idStr":"4228443963132142","authorId":4228443963132142,"authorIdStr":"4228443963132142","name":"SG Visual Research","avatar":"https://community-static.tradeup.com/news/7eedd3d4fd92e5aaa08533a8ffb66a5d","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[{"themeId":"f9b64abaca57c7fc5f082a44c07fc991","categoryId":"2929bb7468f5415f853fd96fb35d7c3b","name":"Horizon Robot-W stock price rises and large-scale mass production of HSD solution","type":2,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/special/finance&rndata={\"themeId\":f9b64abaca57c7fc5f082a44c07fc991}&rnconfig={\"headerBarHidden\": true}","description":"The stock price of Horizon Robot-W rose more than 4% before noon to HK $7.84, with a turnover of over HK $450 million. Xingtu Motors' new model Xingtu ET5 is equipped with the Horizon HSD assisted driving system, and the HSD solution has achieved large-scale mass production. JPMorgan Chase has given an overweight rating and a target price of HK $13."}],"images":[{"img":"https://community-static.tradeup.com/news/064f3c1eddc934300e9f9a83f9b095da","width":"1080","height":"4583"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/064f3c1eddc934300e9f9a83f9b095da","width":"1080","height":"4583"}],"title":"Horizon Robotics-W: High Compute + HSD Architecture Are Entering a Multi-Year Ramp-Up","html":"<html><head></head><body><p><a href=\"https://ttm.financial/S/09660\">$地平线机器人-W(09660)$</a>&nbsp;</p>\n<p>Horizon Robotics is moving into a decisive scale-up phase, and this update highlights why the market should not ignore it.</p>\n<p>The key catalyst is computing power + full-stack architecture advancing simultaneously.</p>\n<p>The Journey series has now shipped over 10 million SoCs, covering more than 40 OEMs and 400 models, making Horizon one of the most widely deployed intelligent-driving chip suppliers in China.</p>\n<p>The newly mass-produced Journey 6 platform spans 10–560 TOPS, positioning it as the only domestic solution capable of supporting L2 to full-scenario urban assisted driving on a single architecture.</p>\n<p>At the same time, the company’s HSD software-hardware integrated ADAS stack is entering a rapid commercialization cycle. It has already secured 10 OEMs and 20+ models, including Exeed ET5 and Fengyun T9L, with analysts expecting installation volumes to expand sharply from 2026 onward.</p>\n<p>Revenue is forecast to grow 50%+ annually in 2025 and 2026, with gross margin improvement driven by the Journey 6 ramp.</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/064f3c1eddc934300e9f9a83f9b095da\" tg-width=\"1080\" tg-height=\"4583\"><span></span></p>\n<p><a href=\"https://ttm.financial/U/4106547232749330\">@Tiger_SG</a> <a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion</a> <a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars</a> <a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars</a> <a href=\"https://ttm.financial/U/3501196737273098\">@Tiger_comments</a>&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/09660\">$地平线机器人-W(09660)$</a>&nbsp;</p>\n<p>Horizon Robotics is moving into a decisive scale-up phase, and this update highlights why the market should not ignore it.</p>\n<p>The key catalyst is computing power + full-stack architecture advancing simultaneously.</p>\n<p>The Journey series has now shipped over 10 million SoCs, covering more than 40 OEMs and 400 models, making Horizon one of the most widely deployed intelligent-driving chip suppliers in China.</p>\n<p>The newly mass-produced Journey 6 platform spans 10–560 TOPS, positioning it as the only domestic solution capable of supporting L2 to full-scenario urban assisted driving on a single architecture.</p>\n<p>At the same time, the company’s HSD software-hardware integrated ADAS stack is entering a rapid commercialization cycle. It has already secured 10 OEMs and 20+ models, including Exeed ET5 and Fengyun T9L, with analysts expecting installation volumes to expand sharply from 2026 onward.</p>\n<p>Revenue is forecast to grow 50%+ annually in 2025 and 2026, with gross margin improvement driven by the Journey 6 ramp.</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/064f3c1eddc934300e9f9a83f9b095da\" tg-width=\"1080\" tg-height=\"4583\"><span></span></p>\n<p><a href=\"https://ttm.financial/U/4106547232749330\">@Tiger_SG</a> <a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion</a> <a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars</a> <a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars</a> <a href=\"https://ttm.financial/U/3501196737273098\">@Tiger_comments</a>&nbsp;</p></body></html>","text":"$地平线机器人-W(09660)$ Horizon Robotics is moving into a decisive scale-up phase, and this update highlights why the market should not ignore it. The key catalyst is computing power + full-stack architecture advancing simultaneously. The Journey series has now shipped over 10 million SoCs, covering more than 40 OEMs and 400 models, making Horizon one of the most widely deployed intelligent-driving chip suppliers in China. The newly mass-produced Journey 6 platform spans 10–560 TOPS, positioning it as the only domestic solution capable of supporting L2 to full-scenario urban assisted driving on a single architecture. At the same time, the company’s HSD software-hardware integrated ADAS stack is entering a rapid commercialization cycle. It has already secured 10 OEMs and 20+ models, including Exeed ET5 and Fengyun T9L, with analysts expecting installation volumes to expand sharply from 2026 onward. Revenue is forecast to grow 50%+ annually in 2025 and 2026, with gross margin improvement driven by the Journey 6 ramp. @Tiger_SG @Daily_Discussion @TigerStars @TigerStars @Tiger_comments","highlighted":1,"essential":1,"paper":2,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/509647546749520","repostId":0,"isVote":1,"tweetType":1,"viewCount":146,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["09660"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":938,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/509647546749520"}