Nowadays, with the development of the new energy vehicle industry in the mainland, the new energy battlefield has entered a new cycle, from the electrification of the first half to the intelligence of the second half, and the competition of the new energy vehicle market is rapidly unfolding in the field of intelligence. In this process, a number of local intelligent driving solution companies such as Horizon Robotics have risen, which will not only become the foundation of domestic intelligent driving technology, but also accelerate the improvement of domestic intelligent driving innovation capabilities.
According to the Hong Kong Stock Exchange, Horizon Robotics has officially launched the IPO listing process on March 26, hoping to use the power of the capital market to further enhance its innovation capabilities and help China's intelligent vehicles accelerate into a new journey of high-level autonomous driving.
As a market-leading provider of advanced driver assistance (ADAS) and advanced autonomous driving (AD) solutions for passenger cars, Horizon Robotics also has a rich history. It is reported that Horizon Robotics was founded in 2015, in 2016, it officially released the first generation of BPU, in 2017, Horizon Robotics released the first generation of processing hardware Journey, and in 2020, Horizon Robotics and car companies reached a Horizon equipped with Journey ®2 in-vehicle intelligent computing solution Mono has since entered the fast lane of development with 4 million processing hardware units delivered by Horizon Robotics in 2021 and 5 million units in 2024. Among them, Horizon Robotics achieved its fifth shipment of 1 million units in just a few months, showing a strong "on-board" force.
Today, Horizon Robotics has been highly focused on the innovation and research and development of intelligent driving solutions, and has formed a one-stop solution integrating intelligent driving algorithms, specialized software and advanced processing hardware, which can be used in advanced assistance and high-level autonomous driving. At the same time, Horizon Robotics has also launched three core intelligent driving platforms: Horizon Matrix Mono, Horizon Matrix Pilot and Horizon Matrix SuperDrive.
Among them, Horizon Mono is an active safety advanced driver assistance solution, guided by safety and comfort, and is used to implement safety functions such as automatic emergency braking (AEB) and intelligent headlights (IHB), as well as comfort functions such as adaptive cruise control (ACC) and traffic jam assist (TJA), which can greatly improve the safety and driving experience of drivers and passengers; Pilot is a high-speed autonomous navigation (NOA) solution that enhances active safety features and can also complete higher-level driving tasks, such as automatic on/off ramps, automatic merging/merging in traffic jams, automatic lane changes, automatic highway driving, and parking assistance, which can effectively improve the driving experience of end users, especially during long-distance commuting. highways, as well as parking scenarios, to complete smoother, more anthropomorphic autonomous driving functions. Even in particularly complex and changeable road conditions, obstacle avoidance can still be completed easily and elegantly with a more active and interactive driving style.
Thanks to a solid technological foundation, Horizon Robotics has already secured more than 100 new model designations in 2023 alone. As of the disclosure date of the prospectus, Horizon Robotics' software and hardware integrated solution has been adopted by 24 OEMs (31 OEM brands) and equipped with more than 230 models. All 10 Chinese OEMs have chosen Horizon Robotics' solutions for the mass production of their passenger models.
Up to now, Horizon Robotics' cooperative customers have covered well-known automobile brands such as BYD, Li Auto, Audi, SAIC, Volkswagen, NIO, Hyundai Motor, Chery Group, Geely Automobile, GAC Group, BAIC Group, Nezha Automobile, SAIC-GM-Wuling, as well as world-renowned parts suppliers such as Aptiv, Bosch, Continental, Denso and ZF.
But that's not all Horizon Robotics delivers. As of the end of 2023, Horizon Robotics has obtained 542 authorized patents, 649 trademarks, and more than 100 copyrights (including software copyrights and design copyrights) in China and overseas. At the same time, Horizon Robotics has established a complete functional safety (FuSa) process at the highest level of ISO26262 (ASIL-D) and has been certified for ISO9001, ISO14001, ISO27001, ISO21434 ML3 and ISO21448.
It is worth mentioning that Horizon Robotics has also formulated four future R&D plans, including: the development and commercialization of next-generation autonomous driving technology, the continuous improvement of current solutions for advanced driver assistance and high-level autonomous driving, the development of next-generation processing hardware, and the development and upgrading of core key technologies including algorithms, BPU, Horizon Tiangongwu, Horizon Song, and Horizon Eddie.
It is foreseeable that Horizon Robotics has officially launched the IPO listing process, which will further enhance its innovation capabilities in the field of smart cars with the help of the capital market and help the development of high-level autonomous driving of smart cars in China.
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