Hong Kong AI Concept Stock Daily: HORIZONROBOT-W Rises 2.22% as TSMC Raises Wafer Pricing - 20260924

NewTimeSpace · 2026/09/24 17:35 · By Boyuan Chen

On September 24, 2026, Hong Kong stocks closed slightly lower, with the HSI down 0.29%. HORIZONROBOT-W rose 2.22% while GIGADEVICE fell 5.12% on the day.

Key Highlights:

The HSI fell 0.29%, the HSTECH fell 0.41% and the HSCEI fell 0.09%; full-day turnover on the HSI reached HKD 159.6 billion, a further contraction.
HORIZONROBOT-W rose 2.22%, XIAOMI-W rose 1.53%, MINIMAX-W rose 1.45%, PONY-W rose 0.89% and WERIDE-W rose 0.77%; GIGADEVICE fell 5.12% and HUA HONG GRACE fell 3.33%.
TSMC will raise wafer pricing by 3% to 6% from January 2027; HORIZONROBOT-W's Journey 6H entered mass production on a Volkswagen joint venture SUV; PONY-W reported 534% Robotaxi revenue growth; WERIDE-W joined Fortune's 2026 Change the World list; Musk gave a long-term humanoid robot shipment forecast.

I. Market Overview

On September 24, 2026, the three major Hong Kong indices closed slightly lower in narrow trading, with the Hang Seng Index down 0.29% at 24,761.13, the Hang Seng TECH Index down 0.41% at 4,361.13 and the Hang Seng China Enterprises Index down 0.09% at 8,266.01. Full-day turnover on the Hang Seng Index reached HKD 159.6 billion, a further contraction from HKD 184.3 billion a day earlier. AI concept stocks diverged, with autonomous driving and embodied AI stronger while AI chips came under pressure.

In the LLM space, MINIMAX-W (00100.HK) rose 1.45% and BABA-W (09988.HK) rose 0.18%; TENCENT (00700.HK) fell 0.59%, MEITUAN-W (03690.HK) fell 0.82%, KUAISHOU-W (01024.HK) fell 0.91%, Z.AI (02513.HK) fell 1.77% and BIDU-W (09888.HK) fell 2.54%.

In the AI Chips space, ILUVATAR COREX (09903.HK) rose 0.31% and SMIC (00981.HK) closed flat; BIRENTECH (06082.HK) fell 2.09%, MONTAGETECH (06809.HK) fell 2.15%, HUA HONG GRACE (01347.HK) fell 3.33% and GIGADEVICE (03986.HK) fell 5.12%, the worst performer among AI concept stocks. Supply chain sources said TSMC will raise wafer pricing from January 2027.

In the Autonomous Driving space, HORIZONROBOT-W (09660.HK) rose 2.22%, the top gainer among AI concept stocks; PONY-W (02026.HK) rose 0.89%, WERIDE-W (00800.HK) rose 0.77% and BLACK SESAME (02533.HK) rose 0.20%; ROBOSENSE (02498.HK) fell 0.55%.

In the Embodied AI space, XIAOMI-W (01810.HK) rose 1.53% and UBTECH ROBOTICS (09880.HK) fell 1.08%.

II. Market Performance of Representative AI Stocks

Stock Code	Company Name	Closing Price (HKD)	Change(%)	Sector / Concept
09660.HK	HORIZONROBOT-W	4.140	2.22	Autonomous Driving
01810.HK	XIAOMI-W	26.580	1.53	Embodied AI
00100.HK	MINIMAX-W	279.000	1.45	LLM
02026.HK	PONY-W	56.500	0.89	Autonomous Driving
00800.HK	WERIDE-W	15.750	0.77	Autonomous Driving
09903.HK	ILUVATAR COREX	127.600	0.31	AI Chips
02533.HK	BLACK SESAME	10.220	0.20	Autonomous Driving
09988.HK	BABA-W	110.000	0.18	LLM
00981.HK	SMIC	63.800	0.00	AI Chips
02498.HK	ROBOSENSE	16.250	-0.55	Autonomous Driving
00700.HK	TENCENT	438.400	-0.59	LLM
03690.HK	MEITUAN-W	72.250	-0.82	LLM
01024.HK	KUAISHOU-W	30.500	-0.91	LLM
09880.HK	UBTECH ROBOTICS	78.200	-1.08	Embodied AI
02513.HK	Z.AI	638.500	-1.77	LLM
06082.HK	BIRENTECH	39.320	-2.09	AI Chips
06809.HK	MONTAGETECH	300.000	-2.15	AI Chips
09888.HK	BIDU-W	86.300	-2.54	LLM
01347.HK	HUA HONG GRACE	110.400	-3.33	AI Chips
03986.HK	GIGADEVICE	489.600	-5.12	AI Chips

Data Source: HKEX. For reference only, not investment advice. Data as of market close on September 24, 2026.

III. AI Industry & Corporate Developments

1. TSMC to Raise Wafer Pricing from January 2027, with Advanced Nodes Seeing the Largest Increases

Supply chain sources said on September 24 that TSMC will adjust wafer ex-works pricing from January 2027, with increases of roughly 3% to 6%, skewed toward advanced nodes such as 2nm and 3nm, while mature and specialty nodes will be negotiated case by case based on product, capacity utilisation and customer profile; order visibility extends to 2030. TSMC said it does not comment on pricing. The same day, CanSemi launched its ChiNext subscription at an issue price of RMB 12.01, the largest ChiNext offering by share count this year. Hong Kong chip names fell, with GIGADEVICE (03986.HK) down 5.12% and HUA HONG GRACE (01347.HK) down 3.33%.

2. HORIZONROBOT-W's Journey 6H Enters Mass Production, Powering a Volkswagen Joint Venture BEV SUV's Advanced Driver Assistance

On September 24, HORIZONROBOT-W (09660.HK) rose 2.22%, the top gainer among AI concept stocks. Its cooperation with Volkswagen Group continues to land: at the end of 2023, Volkswagen's CARIAD and Horizon formed the joint venture CARIZON, with Volkswagen holding 60% and Horizon 40%, jointly developing the full chain from hardware chips and HSD end-to-end models to complete driving assistance solutions. An assistance solution based on the Journey 6H chip has entered mass production on a joint venture BEV SUV, lifting advanced driver assistance for joint venture brands from availability to usability.

3. PONY-W's 2026 Interim Results: Robotaxi Revenue Up 534% Year on Year

PONY-W (02026.HK) released its 2026 interim results on September 24: total revenue of USD 70.47 million, up 98.9% year on year, of which Robotaxi revenue reached USD 20.6 million, up 534% year on year and up 849.3% in the second quarter; the fleet stood at 1,975 vehicles, with the company maintaining its year-end target of 3,500 vehicles, and a net loss of USD 98.9 million for the period. The stock rose 0.89% on the day.

4. WERIDE-W Named to Fortune's 2026 Change the World List

On September 24, WERIDE-W (00800.HK) was named to Fortune's 2026 Change the World list for its innovation in commercialising autonomous driving, the only autonomous driving technology company on the list this year and its third inclusion after 2023 and 2025. Its operations span 13 countries and more than 60 cities, with a fleet of about 3,400 vehicles, including over 1,800 Robotaxis. The stock rose 0.77% on the day.

5. Musk Gives Long-Term Humanoid Robot Shipment Forecast, Lifting Robotics Trading Activity

In an interview on September 23, Elon Musk forecast that there will be at least 1 billion humanoid robots within 10 years or less, possibly 10 billion in 15 years and 100 billion in 20 years, adding that everyone could own a personal robot. On September 24, robotics concept stocks in the A-share market were active, with Hong Kong embodied AI names strengthening in tandem as XIAOMI-W (01810.HK) rose 1.53%; Xiaomi also launched a new generation of flagship technology home appliance products the same day, stressing AI capabilities carried by its Human x Car x Home ecosystem. Wanlian Securities believes the humanoid robot industry is at daybreak in moving from technological breakthroughs to scaled commercialisation, supported by mass production on the supply side and ageing populations plus rising labour costs on the demand side.

IV. Profiles of Representative AI Concept Stocks

Company Name	Stock Code	Industry Position	Main Product Lines & Business Overview
HORIZONROBOT-W	09660.HK	China's leading intelligent driving computing solution provider and full stack vehicle intelligence enabler	Founded in 2015, it offers ADAS and high level autonomous driving solutions. Core products include the Journey-series in-car AI chips (cumulative shipments exceeding 10 million units), the HSD full scenario urban driving solution, and the "Starry 6P" cockpit driving integrated vehicle intelligence chip. In 2025, it held a 47.7% market share in domestic ADAS for independent brands, with full year revenue of RMB 3.758 billion, up 57.7% YoY.
XIAOMI-W	01810.HK	Full-stack AI technology giant anchored by the "Human x Car x Home" ecosystem	Its foundational model family MiMo has entered the top tier of global open-source models; MiMo-V2-Pro features over 1 trillion parameters, while MiMo-V2.5-Pro tied for 1st globally among open-source models with a score of 54 on the Artificial Analysis composite index. AI capabilities fully power the "Human x Car x Home" ecosystem, driving iterative upgrades in the CyberOne humanoid and CyberDog bionic quadrupeds. Multimodal computer vision, force-control algorithms, and automated dispatch logics are deeply integrated into dark-factory production and flexible manufacturing.
MINIMAX-W	00100.HK	A top-tier player dedicated to omni-modal AGI	The company continuously iterates its video generation model matrix and has partnered with mainstream domestic and overseas chip manufacturers and inference platforms to complete underlying adaptations. The total monthly active users (MAU) of its B2C and B2B LLM applications, along with multimodal API call volumes, maintain rapid growth, further broadening its computing power ecological layout.
PONY-W	02026.HK	Global commercialization leader in L4 autonomous mobility and logistics	The first autonomous driving company in China to secure fully driverless Robotaxi commercial operation permits across all four top-tier cities (Beijing, Shanghai, Guangzhou, Shenzhen). Core operations span autonomous ride-hailing (Robotaxi) and freight services (Robotruck), with Robotaxi deployments across 9 countries and public operations in overseas markets including Croatia, Qatar, Singapore, and South Korea. Targeting a global fleet exceeding 3,000 vehicles across 20+ cities by 2026, the company has achieved positive unit economics per vehicle.
WERIDE-W	00800.HK	The world's only L4 cross-scenario autonomous driving platform holding permits across seven countries	Holds autonomous driving permits across China, the UAE, Singapore, France, Saudi Arabia, Belgium, and the US. Built upon the proprietary WeRide One platform, the company covers smart mobility, logistics, and sanitation across five core product lines: Robotaxis, Robobuses, Robosweepers, Robovans, and Advanced Driving Assistance Systems (ADAS). Operations cover over 30 cities across 11 countries, supported by an L4 fleet exceeding 1,500 vehicles.

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