Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UOB Kay Hian Favors HORIZONROBOT-W in CN Mkt, Initiating Rating Buy
Recommend 43 Positive 65 Negative 18 |
||||
|
||||
|
According to UOB Kay Hian's research report, since HORIZONROBOT-W (09660.HK) possesses unique software and hardware integration capabilities in Mainland China, the broker expects its advanced driver assistance system (ADAS) chip solutions to capture a 54% market share among Chinese automakers by 2027 by leveraging the localization advantage of automotive chips and penetrating more mass-market electric vehicles (EVs). UOB Kay Hian has initiated coverage on HORIZONROBOT-W with a Buy rating and a target price of HKD7.45. As leading automakers like BYD COMPANY (01211.HK) (002594.SZ) promote mass-market EVs priced over RMB100,000 equipped with advanced intelligent driving, HORIZONROBOT-W's Journey solutions have already been deployed in over one million BYD vehicles. It is expected that the company will further penetrate the market segment priced RMB100,000-200,000, accounting for 38.5% of the total EV market in China. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
