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<Research>HSBC Research: CN Autonomous Driving Commercialization Accelerates; HORIZONROBOT-W/ XPENG-W/ WERIDE-W/ PONY-W Favored
Recommend
20
Positive
35
Negative
15
Tesla's FSD is set to be launched in China, while BYD COMPANY (01211.HK) is expanding its fully self-developed advanced intelligent driving system "God's Eye" to the mass market, HSBC Global Investment Research wrote in its report.

The broker expected this to enhance consumer awareness of autonomous driving and willingness to pay, thereby accelerating industry commercialization.

Related News HSBC Research Ratings and TPs on China Autonomous Driving-related Stocks (Table)
HSBC Global Investment Research favored companies leading in L4 commercialization, suppliers with value-added capabilities, and automakers with strong model cycles.

It maintained Buy ratings on HORIZONROBOT-W (09660.HK), XPENG-W (09868.HK), WERIDE-W (00800.HK), JOYSON ELEC (00699.HK) and PONY-W (02026.HK), with TP of HKD11.5, HKD105, HKD29.6, HKD21.1 and HKD135, respectively.

Among them, it showed a preference for PONY-W, WERIDE-W, HORIZONROBOT-W and XPENG-W.
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