On June 11, Horizon Robotics-W fell 3.59% in regular trading, trading at HK$4.59/share, with trading volume of HK$135 million. The stock continued to slide after breaching the HK$5 psychological threshold, hitting a new low.

On the news front, BYD officially announced mass production of China's first 4nm automotive-grade intelligent driving chip, the Xuanji A3, with single-chip computing power of 700 TOPS and total computing power exceeding 2,100 TOPS when three chips are linked. This core client's self-developed chip has triggered deep market concerns over the outlook for third-party intelligent driving chip suppliers. Meanwhile, the company's annual report revealed a full-year net loss of RMB 10.469 billion, turning from profit to loss, with product business gross margin declining from 46.4% to 34.5%, a drop of nearly 12 percentage points. The stock has now plunged over 53% from its high, with market capitalization evaporating more than HK$88 billion.

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