On October twenty fourth, Horizon Robotics officially landed on the Hong Kong Stock Alternate for itemizing. In this IPO, the problem mark became as soon as 3.ninety nine Hong Kong greenbacks per fragment, and the inventory opened with a surge of over 33%, reaching a market cost of over 70 billion Hong Kong greenbacks at one point.
Since its institution in 2015, Horizon Robotics has bought investments from considerable institutions akin to Hillhouse Capital, Sequoia China, Linear Capital, ZhenFund, Fosun Community, SAIC Motor, GAC Capital, Sizable Wall Motors, Chery Car, FAW Community, BYD, CATL, and loads other capital and industrial chain enterprises within the automotive industry.
Because the most foremost and supreme provider of industrially produced developed driver assistance and excessive-level independent riding solutions in China, Horizon Robotics’ integrated hardware and machine solutions salvage partnered with 27 OEMs (Normal Instruments Producers) comprising 42 brands. They salvage got centered 290 car devices, with a cumulative entire of 152 devices reaching SOP (Launch of Production). All high ten Chinese language OEMs salvage chosen Horizon Robotics’ solutions for mass production in their passenger car devices.
This is the supreme skills IPO on the Hong Kong inventory market this yr. Dr. Yu Kai, the founder and CEO of Horizon Robotics, stated in his speech on the itemizing ceremony, “After nine years of exhausting work, we modified into the most effectively preferred partner for many automotive brands in China to deploy intelligence and a most foremost riding power within the automotive intelligence revolution. The completion of this Hong Kong itemizing signifies a mandatory step for us towards the international market.” Dr. Yu Kai graduated from Nanjing University and later pursued his Ph.D. on the University of Munich. He transitioned from a scientist to an entrepreneur after working with quite so a lot of industry giants.
For the time being, Horizon Robotics provides a bunch of developed driver assistance and excessive-level independent riding solutions, including Horizon Mono, Horizon Pilot, and Horizon SuperDrive, to meet varied customer wants from mainstream developed driver assistance to excessive-level independent riding. These solutions duvet all scenarios, including urban areas, highways, and parking.
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