[TechWeb] It was reported on October 9 that the website of the Hong Kong Stock Exchange posted a prospectus for Horizon PHIP, a domestic provider of advanced assisted driving (ADAS) and advanced autonomous driving (AD) solutions for passenger cars, which means that Horizon Robotics has officially passed the Hong Kong Stock Exchange hearing and is about to enter the Hong Kong stock market.
Horizon was established in 2015 and has launched three core smart driving platforms, namely Horizon Matrix Mono, Horizon Matrix Pilot and Horizon Matrix SuperDrive.
In April this year, Horizon released a new generation of in-vehicle intelligent computing solutions Journey 6 series and Horizon SuperDrive full-scene intelligent driving solutions.
According to Zhuoshi Consulting, starting from 2021, Horizon is the first and largest China company to provide advanced assisted driving and advanced autonomous driving solutions for mass production based on the total installed capacity of solutions.
Up to now, Horizon’s hard-soft solution has been adopted by 27 OEMs (42 OEM brands) and equipped in 290 models.
Among them, the top ten OEMs in China have selected Horizon’s smart driving solution.
In 2023, in terms of the market share of domestic high-level autonomous driving NOA market computing solutions, Nvidia ranks first with 48.
9%, and Horizon ranks second with 35.5%., The latest updated prospectus submits Horizon’s revenue for the first half of 2024.
Data shows that in 2021, 2022 and 2023, Horizon recorded revenue of approximately RMB 467 million, RMB 906 million, and RMB 1.
552 billion respectively, with a compound annual growth rate of 82.3%. In the first half of 2024, the company recorded revenue of approximately RMB 935 million, a year-on-year increase of 151.6%. The prospectus shows that Horizon’s main investors include SAIC Motor Group, Volkswagen Group, South Korean listed company SK Hynix Inc.
, Alibaba’s Yunfeng Fund, Construction Investment Huake, Ningde Times, Hillhouse Capital, London Stock Exchange listed companies SMT, BYD, etc.
, Before the IPO, Yu Kai, founder and CEO of Horizon, held 14.85%. The other two founders, Huang Chang and Tao Feiwen, held 3.
35% and 1.
45% respectively.
SAIC Motor Group held 8.78%. Volkswagen Group’s software company CARIAD held 2.
31%, Hillhouse managed by Hillhouse Capital 3.
24%, and Sequoia Capital held 2.36%. Return to the first electric network home page>,.
