, an analyst from UOB Kay Hian, has initiated a new Buy rating on Horizon Robotics Class B (9660).
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UOB Kay Hian has given his Buy rating due to a combination of factors that highlight Horizon Robotics’ strong position in the autonomous driving and ADAS market. The firm is a leading provider of smart driving solutions in China, with a significant market share expected to grow to 54% among Chinese OEMs by 2027. This growth is driven by the increasing adoption of advanced driver assistance systems and the company’s unique software-hardware integration.
Horizon Robotics’ competitive edge lies in its Brain Processing Unit, which is designed for high-performance, energy-efficient processing, making it a preferred choice over competitors like Nvidia. The company’s strategy to capitalize on the localization of automotive chips in China positions it well amid potential US chip restrictions. Furthermore, Horizon’s solutions are gaining traction in the mass-market EV segment, with significant deployments in vehicles from leading OEMs such as BYD. These factors collectively support UOB Kay Hian’s positive outlook and Buy rating for Horizon Robotics.