Latest news with #HorizonRobotics
Forbes
14 hours ago
- Business
- Forbes
China Market Update: Middle East Cool Off Heats Up Hong Kong, Week In Review
CLN Asian equities were mixed overnight following yesterday's Trump's Middle East escalation language, which sent risk assets down the elevator. President Trump appears to be giving the Iranian government time to negotiate. The US dollar was mixed versus Asian currencies, though the renminbi/CNY closed below at 7.17 as the PBOC kept the 1 and 5 Year Loan Prime Rate at 3% and 3.5% as expected. Summer is officially here for traders as S&P and FTSE indices rebalance today, with the latter experiencing elevated volumes across the region as Hong Kong, South Korea, and India outperformed. FTSE's decision to upgrade South Korea to developed markets creates a significant performance disparity from MSCI's emerging markets index. Long MSCI EM and short FTSE EM would be a fun trade to play South Korea's massive rebound. Alibaba +1.55% was Hong Kong's most heavily traded stock as the company saw its FTSE weight increase, as volumes doubled from yesterday. Alibaba announced 453 brands sold more than RMB 100mm worth of goods during the 618 (June 18th) E-Commerce event. There was a lot of chatter about the government replenishing local government consumer subsidy funds after strong demand, which led to depletion in several cities. Horizon Robotics (9960 HK) fell by 1.86% despite being added to the FTSE indices, though the intraday chart shows the power of passive as massive block trades occurred at the close. Competitor Unitree appears closer to an Hong Kong IPO after another funding round. Mainland-listed soy sauce maker Foshan Haitian Flavouring & Food Co. relisted on the Hong Kong Exchanges today after raising HK $10.1B ($1.3B). High flyer Pop Mart -3.62% was clipped. While Hong Kong had a strong day following yesterday's debacle, Mainland China was off with index heavyweights such as banks, insurance, liquor, and telecom outperforming, which kept indices from falling further. Shipping and port stocks rebounded in hopes that Middle Eastern tensions would cool off. Otherwise, relatively quiet! New Content Read our latest article: Navigating Global Crosswinds: Carbon Markets Respond to Tariff Tactics and Executive Orders Please click here to read Chart1 Chart2 Chart3 Chart4 Chart5 Chart6
South China Morning Post
12-06-2025
- Business
- South China Morning Post
Horizon Robotics plans to raise US$595 million in Hong Kong share placement
Horizon Robotics, which makes artificial intelligence chips for self-driving cars, plans to raise around HK$4.67 billion (US$595 million) with a share placement, as it looks to grow its business and fund more research and development efforts. In a filing with Hong Kong's stock exchange on Thursday, the company said it would sell 681 million existing Class B shares at HK$6.93 each. Current shareholders, including 5Y Capital, Morningside China TMT Fund and HRRB Holdings agreed to sell shares to at least six independent investors through a book-building process managed by Goldman Sachs, Morgan Stanley and UBS, Horizon said. On Wednesday, Horizon shares closed at HK$7.44 a share. The 681 million shares represented about 5.2 per cent of the company's share capital, about 2.1 per cent of the voting rights in the company's issued share capital and 4.9 per cent of its enlarged share capital after the issuance of the stock. The company said around 70 per cent of the proceeds would be invested in research and development over the next five years, with the remainder earmarked for sales, marketing and joint ventures, including its Carizon partnership with Volkswagen. Shareholders and potential investors were advised to exercise caution regarding the deal's completion.
Top Gear
08-05-2025
- Automotive
- Top Gear
Volkswagen is putting AI-powered driver assistance into its Chinese EVs
Tech VW unveils AI-powered ADAS system for next-gen EVs at Auto Shanghai 2025 Skip 1 photos in the image carousel and continue reading VW is stepping up its autonomous driving game in China. It's readying a fancy AI-based driver assistance suite underpinned by a self-developed chipset for its next-generation electric cars. For the last 18 months, the clever folk at Carizon – a joint venture between China's Horizon Robotics and VW's Cariad software division – have been developing a platform called 'Gaia' that ingests data like a gannet and spits out AI solutions 20 times faster than a conventional data analysis engine. Advertisement - Page continues below When it comes to training autonomous driving programmes, that's fast. And having covered over 62,000 miles of testing in that short space of time, AI has enabled Carizon to train vehicles to navigate complex traffic situations in a more human-like manner. No, that doesn't mean the system flaps and freezes. Instead, the system can keep its cool under pressure, and is now sufficiently capable to be integrated into VW and Audi EVs for the Chinese market from next year. You might like Volkswagen Group board member for China Ralf Brandstätter, said: 'The rapid progress in developing our new ADAS system highlights Carizon's technical capabilities and developing cutting-edge technology locally - at 'China Speed' - tailored to our Chinese customers, with the highest standards in driving performance, safety and quality.' According to Carizon's figures, 25 per cent of new cars in China use Level 2 autonomous driving capabilities – that's a US-designated label to denote a car that can provide 'steering and braking support to the driver, alongside lane centering'. Carizon wants to get to L2++. Advertisement - Page continues below Why not call it L3? That's because Level 3 sees the car legally take over in limited conditions, like low-speed traffic jams, and give control back to the driver appropriately. Carizon chief Marcus Hafkemeyer, said: 'With a team of 500 local ADAS experts and the consistent integration of AI in the development process, we will bring Level 2+ ADAS to the road. Level 2++ ADAS with Urban Navigate on Autopilot (NoA) is in advanced testing and will be launched in 2026. This will also enable us to lay the technological foundations for a fast-track evolution towards Level 3.' More as we get it. Thank you for subscribing to our newsletter. Look out for your regular round-up of news, reviews and offers in your inbox. Get all the latest news, reviews and exclusives, direct to your inbox.
Associated Press
19-04-2025
- Automotive
- Associated Press
Horizon Robotics Rolls Out HSD Urban Driving Assistance System for Mass Production, Global Debut with Chery Automobile Scheduled for September
SHANGHAI, April 18, 2025 /PRNewswire/ -- Horizon Robotics (stock code: a leading provider of smart driving solutions for passenger vehicles, today hosted its 2025 Annual Product Launch Event in Shanghai, officially unveiling the mass production rollout of its HSD (Horizon SuperDrive™) urban driving assistance system. At the event, Horizon Robotics and Chery Automobile also announced that HSD will make its global mass-production debut with Chery's EXEED in September 2025. Taking Smart Driving to New Heights The HSD urban driving assistance system is built on the company's signature software and hardware co-optimization capabilities. Powered by Horizon's Journey™ 6 processing hardware and an innovative end‑to‑end architecture, HSD simulates human driving behavior to provide a truly human-like experience. It enables safe, efficient, comfortable, and reliable travel experiences for both drivers and passengers. To meet diverse market demands, Horizon launched three versions of its HSD system, offering advanced driving assistance capabilities suitable for vehicles ranging from entry-level to premium models. Developed entirely in-house and optimized for mass production, the HSD family redefines efficiency and scalability. Additionally, Horizon has introduced its breakthrough 'Horizon Cell' with upgradable plug-and-play hardware. This modular approach offers OEM partners zero switching cost and maximum flexibility, making HSD a strategic enabler for accelerating the adoption of smart driving across all market segments. 'Our goal is to create the best smart driving products loved by people everywhere,' said Dr. Yu Kai, Founder and CEO of Horizon Robotics. 'We aspire to make the car a trusted smart companion that is truly accessible to all.' Global Mass-Production Debut with Chery in September As a longstanding strategic partner of Chery Automobile, Horizon Robotics has empowered multiple vehicle models across Chery's four premium brands with its Journey series processing hardware since 2021. Building on the exceptional smart driving experiences of over 100,000 vehicle owners, the two companies today annoucned that the HSD full-stack system is set to make its global debut in a new model under Chery's EXEED brand, with mass production scheduled to begin in September of this year. 'Horizon Robotics stands as our cornerstone partner in smart mobility, with their HSD representing the leading urban driving assistance solutions available today,' stated Yin Tongyue, Chairman of Chery Automobile. 'Both Chery and Horizon Robotics are united by an unwavering dedication to technology, safety, and quality — all aimed at establishing our smart driving solutions as the trusted and preferred choice for consumers worldwide.' Beyond Chery Automobile, Horizon Robotics and Volkswagen Group also recently announced further cooperation on advanced driving assistance systems based on HSD, leveraging R&D conducted by their joint venture CARIZON. Several Volkswagen vehicle models powered by CARIZON's technology are scheduled to enter production in 2026. Empower Every Journey with Human-Centric Smart Driving Technology Backed by its software and hardware co-optimization approach, a highly scalable business model and extensive experience in mass production, Horizon Robotics has built a robust ecosystem encompassing over 40 OEMs and car brands, including all the TOP 10 OEMs in China. So far, Horizon Robotics has secured over 310 design-wins across a wide range of passenger vehicles, with over 200 vehicle models now available in the market. As smart driving starts to become a standard feature across all vehicle models, Horizon remains committed to its human-centered company philosophy, striving to deliver energy-efficient and cost-optimized driving assistance solutions at scale and to bring safe, seamless, all‑scenario smart mobility to drivers and passengers worldwide. ### About Horizon Robotics With its mission to make human life safer and better, Horizon Robotics is a leading provider of smart driving solutions for passenger vehicles, empowered by its proprietary software and hardware technologies. Its solutions combine cutting-edge algorithms, purpose-built software and processing hardware, providing the core technologies for smart driving that enhance the safety and experience of drivers and passengers. Horizon Robotics is a key enabler for the smart vehicle transformation and commercialization with its integrated solutions deployed on mass scale. View original content to download multimedia: SOURCE Horizon Robotics
Yahoo
19-04-2025
- Automotive
- Yahoo
Horizon Robotics Rolls Out HSD Urban Driving Assistance System for Mass Production, Global Debut with Chery Automobile Scheduled for September
SHANGHAI, April 18, 2025 /PRNewswire/ -- Horizon Robotics (stock code: a leading provider of smart driving solutions for passenger vehicles, today hosted its 2025 Annual Product Launch Event in Shanghai, officially unveiling the mass production rollout of its HSD (Horizon SuperDrive™) urban driving assistance system. At the event, Horizon Robotics and Chery Automobile also announced that HSD will make its global mass-production debut with Chery's EXEED in September 2025. Taking Smart Driving to New Heights The HSD urban driving assistance system is built on the company's signature software and hardware co-optimization capabilities. Powered by Horizon's Journey™ 6 processing hardware and an innovative end‑to‑end architecture, HSD simulates human driving behavior to provide a truly human-like experience. It enables safe, efficient, comfortable, and reliable travel experiences for both drivers and passengers. To meet diverse market demands, Horizon launched three versions of its HSD system, offering advanced driving assistance capabilities suitable for vehicles ranging from entry-level to premium models. Developed entirely in-house and optimized for mass production, the HSD family redefines efficiency and scalability. Additionally, Horizon has introduced its breakthrough "Horizon Cell" with upgradable plug-and-play hardware. This modular approach offers OEM partners zero switching cost and maximum flexibility, making HSD a strategic enabler for accelerating the adoption of smart driving across all market segments. "Our goal is to create the best smart driving products loved by people everywhere," said Dr. Yu Kai, Founder and CEO of Horizon Robotics. "We aspire to make the car a trusted smart companion that is truly accessible to all." Global Mass-Production Debut with Chery in September As a longstanding strategic partner of Chery Automobile, Horizon Robotics has empowered multiple vehicle models across Chery's four premium brands with its Journey series processing hardware since 2021. Building on the exceptional smart driving experiences of over 100,000 vehicle owners, the two companies today annoucned that the HSD full-stack system is set to make its global debut in a new model under Chery's EXEED brand, with mass production scheduled to begin in September of this year. "Horizon Robotics stands as our cornerstone partner in smart mobility, with their HSD representing the leading urban driving assistance solutions available today," stated Yin Tongyue, Chairman of Chery Automobile. "Both Chery and Horizon Robotics are united by an unwavering dedication to technology, safety, and quality — all aimed at establishing our smart driving solutions as the trusted and preferred choice for consumers worldwide." Beyond Chery Automobile, Horizon Robotics and Volkswagen Group also recently announced further cooperation on advanced driving assistance systems based on HSD, leveraging R&D conducted by their joint venture CARIZON. Several Volkswagen vehicle models powered by CARIZON's technology are scheduled to enter production in 2026. Empower Every Journey with Human-Centric Smart Driving Technology Backed by its software and hardware co-optimization approach, a highly scalable business model and extensive experience in mass production, Horizon Robotics has built a robust ecosystem encompassing over 40 OEMs and car brands, including all the TOP 10 OEMs in China. So far, Horizon Robotics has secured over 310 design-wins across a wide range of passenger vehicles, with over 200 vehicle models now available in the market. As smart driving starts to become a standard feature across all vehicle models, Horizon remains committed to its human-centered company philosophy, striving to deliver energy-efficient and cost-optimized driving assistance solutions at scale and to bring safe, seamless, all‑scenario smart mobility to drivers and passengers worldwide. ### About Horizon RoboticsWith its mission to make human life safer and better, Horizon Robotics is a leading provider of smart driving solutions for passenger vehicles, empowered by its proprietary software and hardware technologies. Its solutions combine cutting-edge algorithms, purpose-built software and processing hardware, providing the core technologies for smart driving that enhance the safety and experience of drivers and passengers. Horizon Robotics is a key enabler for the smart vehicle transformation and commercialization with its integrated solutions deployed on mass scale. View original content to download multimedia: SOURCE Horizon Robotics Sign in to access your portfolio
