26 November 2025 | 6:01PM HKT Equity Research Horizon Robotics (9660.HK): Mgmt. visit: City NOA / HSD to drive product mix upgrade and customer penetration; Buy (on CL) We hosted Horizon Robotics management at our EV / Robotaxi tour in Beijing on Nov 26. Management remains positive on revenue growth in coming years driven by the growing smart driving trend, product mix upgrade, increasing chipsets embedded with software, and further customer penetration. We are positive on Horizon Robotics, given its capabi ...