HUHZROB@EC2609A

Horizon Opens Sources HoloBrain-0 Base Model and Framework

Horizon Announces Full Open Source of HoloBrain-0 Foundation Model and Framework

China Bank analysts maintain buy rating and set target price for Horizon Robotics-W

Musk plans to sell Optimus robots next year

Goldman Sachs Maintains Buy Rating and Positive Outlook for Horizon Robotics in Smart Driving

HKEX to Launch Six New Stock Option Classes, Including Horizon Robotics, on January 19

neueHCT Completes Nearly $200 Million in Funding

Beijing Zhiyu Technology Co., Ltd. Established

Horizon Journey (Shanghai) Technology Co., Ltd. Increases Registered Capital to 6 Billion RMB

Horizon's Diguabot Products Exceed 100, Ecosystem Widely Extended

Nomura and CLSA Maintain Buy Rating on Horizon Robotics-W

Horizon Aims to Bring Urban NOA Technology to Vehicles in the 100,000 Yuan Price Range

Horizon Robotics Provides CEO with a 64 Million Yuan Loan

Horizon Robotics Provides 64 Million RMB Loan to Dr. Kuai Yu

Horizon Robotics Announces Breakthrough of 12,000 Vehicle Activations for HSD System

Yiou Auto Hosts 8th GTM2025 Tech Mobility Conference

Horizon Robotics' Journey Series Cumulative Shipment Exceeds 10 Million

Horizon Robotics and Kal Dynamics Announce Comprehensive Strategic Partnership to Advance L4 Autonomous Heavy Truck Development

CLSA Raises Horizon Robotics' R&D Expenditure Forecast

Horizon Robots-W Doubles Its In-Vehicle ADAS Hardware Shipments

STARCOIN GROUP

DAISHOMICROLINE

IDT INT'L

GUANZE MEDICAL

BOER POWER

KNOWLEDGE ATLAS

CHINA INFO TECH

QINGHUA HOLD

SUPER STRONG

HAIZHI TECH GP

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512480

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09660

Horizon announced that its HoloBrain-0 base model and framework are fully open-sourced. This open-source initiative includes not only the core algorithms of HoloBrain-0 but also the complete infrastructure RoboOrchard. The open-sourcing of HoloBrain-0 will help accelerate the transformation of embodied intelligence technology from laboratory prototypes to large-scale industrial applications, contributing to technological innovation and ecological co-construction in the entire field of embodied intelligence

AASTOCKS

GTJA Allianz SSE STAR Chip Design Thematic ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

ChinaAMC Guozheng Semiconductor Chip ETF

China Southern CSI Semiconductor Industry Custom ETF

Guotai CES Semiconductor Chip Industry ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

HORIZONROBOT-W

Horizon Open Source HoloBrain VLA Base Model

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300750

PONY

00HSI

00800

0HSCI

02026

CATL has been added to Hong Kong's Hang Seng Index, effective March 9, following a cumulative rise of 75% since its listing on May 20, 2025, with a market cap of HK$2.36 trillion ($302 billion). WeRide and Pony AI have joined the Hang Seng Composite Index, while Horizon Robotics is now part of the Hang Seng China Enterprises Index. WeRide is valued at HK$20.4 billion and Pony AI at HK$49.7 billion. CATL leads the global EV battery market with a 39.2% share in 2025.

CnEVPost

CATL

Pony AI

Hang Seng Index

WERIDE-W

Hang Seng Composite Index

PONY-W

CATL added to Hong Kong's Hang Seng Index; WeRide, Pony AI join Hang Seng Composite Index

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The Hang Seng Index Company announced the latest quarterly review results, with CATL, LAOPU GOLD, and CMOC being included in the Hang Seng Index constituent stocks, increasing the total to 90 stocks, while Zhongsheng Group was removed. In the case of the Hang Seng China Enterprises Index, BEKE and HORIZONROBOT-W were included, while China Resources Beer and Mengniu Dairy were removed, maintaining a total of 50 constituent stocks. There were no changes in the constituent stocks of the Tech Index

Stheadline

BEKE-W

LAOPU GOLD

CMOC

Huaan Yifu Gold ETF

The Hang Seng Index quarterly review reveals that CATL, LAOPU GOLD, and CMOC have turned blue, increasing the number of blue-chip stocks to 90

HSCEI

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CIADY

Hang Seng Indexes Company announced that in the quarterly review results up to December 31, 2025, the Hang Seng China Enterprises Index will add BEKE-W and HORIZONROBOT-W, while removing CHINA RES BEER and Mengniu Dairy. The total number of constituent stocks will remain at 50, and all changes will be implemented after the market closes on March 6, 2026, and will take effect on March 9, 2026

Hang Seng China Enterprises Index

HSCEI ETF

Penghua CSI Alcoholic Drink ETF

MENGNIU DAIRY

CHINA RES BEER

Mengniu Dairy

In the "Quarterly Review," the Hang Seng China Enterprises Index includes BEKE-W and HORIZONROBOT-W while excluding CHINA RES BEER and Mengniu Dairy

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Horizon Robotics announced that Zhu Wei has officially taken over as the new president, succeeding Chen Liming. Zhu Wei was previously the executive president of passenger vehicle business at CATL, and his appointment is seen as an important strategic adjustment for the company in the smart vehicle sector. This personnel change aims to enhance the company's commercial implementation capabilities and ecological resource integration abilities to respond to changes in the intelligent driving market and future mass production targets

- Horizon recently appointed Zhu Wei as its new president, succeeding Chen Liming, amidst a strategic collaboration with Times Intelligent, a subsidiary of CATL.  
- Zhu Wei's extensive background in passenger vehicle operations at CATL will help Horizon scale its production and integrate supply chains, supporting its move from a tech company to a dominant market player.  
- This leadership change reflects Horizon's ambition to compete effectively in the smart driving sector amidst intensified industry competition and evolving market demands.

Wallstreetcn

Ping An CSI Auto Components Thematic ETF

E Fund CSI Auto Components Thematic ETF

Guotai CSI 800 Automobile and Parts ETF

HFT CSI Auto Components Thematic ETF

ChinaAMC CSI Auto Components Thematic ETF

The autonomous driving giant welcomes a new president

ROBO

PCRHY

515030

CARZ

On Thursday (February 5), at the end of the U.S. stock market, the Bloomberg Electric Vehicle Price Return Index fell by 1.88%, closing at 3467.18 points. Among the constituent stocks, Volvo Car Group dropped by 22.53%, Aurora Innovation fell by 9.7%, Plug Power Inc. decreased by 9%, and MP Materials declined by 7.3%. Meanwhile, SVolt Energy Technology H shares rose by 2.79%, Xiaomi Group H shares increased by 2.83%, WeRide gained 3.5%, Horizon H shares climbed by 3.64%, and Panasonic Holdings Corporation surged by 8.41%

ROBO Global Robotics

Panasonic Holdings Corporation

MP Materials

Hua Xia CSI New Energy Vehicles ETF

First Trust S-Network Future Vehicles & Tech ETF

Aurora Innovation

09987

03288

00992

02359

00100

01772

01208

00358

YUM CHINA(09987) rose 11.42%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 18.6%. HAITIAN FLAV(03288) rose 5.59%, with a trading turnover 394.2 Million HKD, and a year-to-date rose 3.8%. MINIMAX-WP(00100) fell 8.65%, with a trading turnover 675.2 Million HKD, and a year-to-date rose 194.5%. GANFENGLITHIUM(01772) fell 6.6%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 7.6%.

Top Gainers & Losers

YUM CHINA

HAITIAN FLAV

LENOVO GROUP

WUXI APPTEC

MINIMAX-WP

GANFENGLITHIUM

JIANGXI COPPER

Top 5 HK Stock Gainers/Losers (>100B) (2.5)

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LNVGY

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STECH

03088

The Hang Seng TECH Index turned positive in the afternoon after previously falling over 1.8%. Lenovo Group rose over 3%, HORIZONROBOT-W and XIAOMI-W rose over 2%

Huaan Hang Seng Technology ETF(QDII)

CSOP HS TECH

Lenovo Group

Hang Seng TECH ETF I

Dacheng Hang Seng Technology ETF(QDII)

ISHARESHSTECH

China Universal Hang Seng Technology ETF(QDII)

ChinaAMC Hang Seng Technology ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

HSTECH ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hang Seng TECH Index

CAM HS TECH

XIAOMI-W

01211

02015

The Hang Seng TECH Index's intraday decline narrowed to 0.4%, having previously dropped over 1.8%. Horizon Robotics, BYD COMPANY, LENOVO GROUP, and Li Auto rose over 2%

BYD COMPANY

LI AUTO-W

06600

09880

On the 4th, the China Central Radio and Television Station announced in Beijing that the 2026 Spring Festival Gala will continue to focus on the integration and innovative practice of culture and technology, creating a "cultural New Year's Eve dinner" full of technological sense, with embodied robots taking the stage again to "dance" to new heights. (Xinhua News)

ONEROBOTICS

UBTECH ROBOTICS

Embodied Robotics will once again take the stage at the Central Radio and Television Station's Spring Festival Gala

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Starting next Monday (February 2), three major Hong Kong stocks—Zijin Gold, HORIZONROBOT-W, and China Mobile—will be listed in Singapore through Singapore Depository Receipts (SDR). The Singapore Exchange announced that this move will provide investors with a convenient investment channel in Singapore dollars, with a minimum investment amount of less than 400 SGD, compared to a minimum investment amount of up to 7,000 HKD for Hong Kong stocks. This move offers investors the opportunity to participate in leading Chinese industry enterprises

Zaobao

Zijin Mining

China Mobile

ZIJIN MINING

HK ROBOTICS

ZIJIN GOLD INTL

Harvest CNI Communication ETF

CHINA MOBILE

Zijin Gold and three other Hong Kong stocks, including China Mobile, will be newly listed in SDR form next week | Lianhe Zaobao

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CTG DUTY-FREE(01880) rose 7.98%, with a trading turnover 414.8 Million HKD, and a year-to-date rose 22.8%. BEKE-W(02423) rose 7.56%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 25.2%. SANDS CHINA LTD(01928) fell 7.96%, with a trading turnover 1.1 Billion HKD, and a year-to-date fell 11.5%. HORIZONROBOT-W(09660) fell 5.94%, with a trading turnover 2.1 Billion HKD, and a year-to-date fell 3.1%.

CTG DUTY-FREE

CHINA OVERSEAS

ANTA SPORTS

SANDS CHINA LTD

HUA HONG SEMI

GALAXY ENT

Top 5 HK Stock Gainers/Losers (>100B) (1.29)

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Morgan Stanley's industry chain research indicates that the gap between leaders and laggards in China's humanoid robot industry is rapidly widening, and the first round of industry reshuffling is imminent. Core component suppliers with technological strength and mass production capabilities will dominate this wave of industrialization. As the industry's shipment volume is expected to grow several times by 2026, suppliers with first-mover advantages will gain significant market share and pricing power

- Morgan Stanley warns that China's humanoid robotics industry is transitioning from the presentation phase to intense production competition.  
- The firm observed that leading manufacturers will gain dominance as growth in production volume is anticipated to increase significantly by 2026, with key suppliers poised to capture substantial market share.  
- As companies navigate diverse application scenarios, the commercialization of humanoid robots is progressing, though a breakthrough remains elusive, emphasizing the need for technology and mass production capabilities.

The first round of the "elimination match" has begun! Morgan Stanley announces: humanoid robots have entered the mass production phase of "knife fighting," and PPT players are being eliminated

HUHZROB@EC2609A(22398.HK)

Horizon Open Source HoloBrain VLA Base Model

CATL added to Hong Kong's Hang Seng Index; WeRide, Pony AI join Hang Seng Composite Index

The Hang Seng Index quarterly review reveals that CATL, LAOPU GOLD, and CMOC have turned blue, increasing the number of blue-chip stocks to 90

In the "Quarterly Review," the Hang Seng China Enterprises Index includes BEKE-W and HORIZONROBOT-W while excluding CHINA RES BEER and Mengniu Dairy

The autonomous driving giant welcomes a new president