China Semiconductors Horizon Robotics Rating Outperform Price Target Qingyuan Lin, Ph.D. +852 2123 2654 qingyuan.lin@bernsteinsg.com 9660.HK 15.00 HKD HK$12 HK$10 HK$8 HK$6 HK$4 11/24 02/25 05/25 08/25 11/25 1200 1300 1400 1500 1600 1700 1800 9660.HK ASIAX Francis Ma +852 2123 2626 francis.ma@bernsteinsg.com Zheng Cui +852 2123 2694 zheng.cui@bernsteinsg.com Horizon Robotics: The first vehicle equipped with HSD L2++ hardware and software solution open for order The first vehicle equipped with the Horizon Ur ...