Core Viewpoint - Horizon Robotics-W (09660) has seen a significant increase in stock price, reaching a new high of 11.32 HKD following a strategic partnership with Hello to develop an L4 autonomous driving system for robotaxi operations [1][1]. Group 1: Company Developments - Horizon Robotics signed a strategic cooperation agreement with Hello on September 11, focusing on creating an end-to-end L4 autonomous driving core system to accelerate the deployment and commercialization of robotaxis in urban areas [1][1]. - The collaboration with Hello allows Horizon Robotics to cover a full range of scenarios from L2 to L4 in autonomous driving technology [1][1]. Group 2: Financial Projections - According to Zhongyin Securities, the high-end HSD from Horizon Robotics is expected to begin mass production in the second half of 2025, which will likely increase the average selling price (ASP) of the company's automotive product solutions [1][1]. - The introduction of new products is anticipated to drive an increase in the number of licensing and service contracts [1][1]. - With initial success in expanding overseas clients, it is projected that the number of licensing and service contracts from international markets will significantly rise by 2026 [1][1]. - Due to the rapid evolution of autonomous driving models, Horizon Robotics is expected to substantially increase its R&D expenses to maintain market competitiveness [1][1].