Horizon, a leading smart driving technology company, submitted a prospectus to the Hong Kong Stock Exchange

DoNews reported on March 26 that Horizon Robotics, a leading smart driving technology company, officially submitted a prospectus to the Hong Kong Stock Exchange, with Goldman Sachs, Morgan Stanley, and CITIC Construction Investment as its joint sponsors.

As a market-leading provider of advanced assisted driving (ADAS) and advanced autonomous driving (AD) solutions for passenger cars, Horizon has mass-produced software and hardware solutions are key enablers of smart car transformation and commercialization.

Its solutions combine leading algorithms, dedicated software and advanced processing hardware to provide core technologies for advanced assistance and high-level autonomous driving, thereby improving the safety and experience of drivers and passengers.

According to Zhuoshi Consulting data, as the first Chinese company to provide pre-installed mass-produced ADAS and AD solutions, Horizon is currently the largest Chinese company to provide pre-assembled mass-produced ADAS and AD solutions. ;Processing hardware solution delivery reaches 5 million.

That is, from 2022 to 2023, the installed capacity of Horizon ADAS and AD solutions will increase four times. The company's smart driving solutions have been adopted by more than 230 models of 24 OEMs (31 OEM brands), and will receive more than 100 model designated projects in 2023; it has also reached cooperation with the top 10 Chinese OEMs.

Against this background, Horizon’s revenue will reach 1.6 billion yuan in 2023, and the compound growth rate of revenue in the past three years has reached 82.3%, achieving large-scale growth.

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