Vi e w p o i n t | 15 Dec 2025 02:02:09 ET │ 12 pages Horizon Robotics (9660.HK) 2026E Shipment at ~5.5mn Units (Over +30% YoY) CITI'S TAKE We hosted a business update call with Horizon Robotics on Dec 15, with key takeaways set forth below. (1) Mgmt. expect 2026E shipment at around 5.5mn units (more than +30% YoY growth), with low-end ADAS chip <2mn units, mid-end ADAS chip 3mn+ units (BYD & Geely to both contribute 1mn units respectively), and high-end HSD solution 300-400k units. (2) The company intends ...