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Goldman Sachs: Horizon Robot-W (09660) will have more models in 2026 to achieve mass production and maintain a target price of HK$15.3

Zhitongcaijing·12/11/2025 07:01:03
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The Zhitong Finance App learned that Goldman Sachs released a research report stating that the HSD (Horizon SuperDrive) solution under Horizon Robot-W (09660) has been adopted by Chery (09973) in various new models, including Starway ET5, Fengyun T9, and iCar V27. Goldman Sachs expects more models of Horizon Robots to be mass-produced in 2026, while receiving more new projects, which will boost its shipments and bring higher overall average sales prices through product portfolio upgrades. Maintain the target price of HK$15.3 and the “buy” rating.