Core Viewpoint - Horizon Robotics-W (09660) has seen a nearly 3% increase in stock price, currently trading at HKD 9.56 with a transaction volume of HKD 563 million, following the announcement of a nearly USD 200 million financing completion by its subsidiary, neueHCT, set for December 31, 2025 [1] Financing and Investment - neueHCT completed nearly USD 200 million in financing, with participation from leading industry capital and market-oriented funds, including Yunfeng Fund, Dacheng, and others, alongside strategic investors like Omnivision Group [1] - This financing follows an earlier round of market-oriented financing in early 2025, which included investments from Hillhouse Capital, CICC Porsche, and Zhejiang Jin控, indicating strong recognition from investment institutions [1] Product Development and Market Position - neueHCT has developed a product matrix consisting of "Star HCT Astra urban intelligent driving assistance" and "Moon HCT Luna high-performance ADAS solutions," leveraging its core technological capabilities [1] - The new generation Star HCT Astra system offers a human-like driving experience tailored for complex urban conditions, aiming to make urban driving assistance accessible for vehicles priced around RMB 100,000 [1] - By 2025, the company has secured over 10 model partnerships, demonstrating significant efficiency in commercial implementation [1] Global Expansion - neueHCT has achieved commercial breakthroughs in overseas markets, conducting product validation in multiple countries and regions, promoting the globalization and accessibility of intelligent driving assistance technology [1]