Horizon Robotics submits IPO prospectus to Hong Kong Stock Exchange

Beijing (Gasgoo)- On March 26, Horizon Robotics, a leading provider of ADAS and AD solutions for passenger vehicles, officially submitted its IPO prospectus to the Hong Kong Stock Exchange, with Goldman Sachs, Morgan Stanley, and China Securities as its joint sponsors.

Photo credit: Horizon Robotics

As a prominent supplier of advanced driver assistance systems (ADAS) and high-level autonomous driving (AD) solutions for passenger vehicles, Horizon Robotics has achieved large-scale production of integrated software and hardware solutions, playing a pivotal role in the transformation and commercialization of intelligent vehicles. Its solutions combine cutting-edge algorithms, dedicated software, and advanced processing hardware to enhance driver and passenger safety and experience.

As the first Chinese company to provide mass-produced factory-installed ADAS and AD solutions, Horizon Robotics is currently the largest provider of such solutions in China, with delivery of processing hardware solutions reaching 5 million units. From 2022 to 2023, the installation volume of Horizon Robotics' ADAS and AD solutions has quadrupled. 

The company's intelligent driving solutions have been adopted by over 230 vehicle models from 24 automakers (31 brands), with over 100 designated projects in 2023 alone. 

In 2023, Horizon Robotics achieved annual revenue of 1.6 billion yuan, with a compound growth rate of 82.3% for the recent three years, demonstrating significant scalability. A successful IPO will further enhance Horizon Robotics' market competitiveness, propelling the company towards new heights of development.