Core Insights - Horizon Robotics, a leading domestic intelligent driving technology company, has achieved significant business milestones, including bulk deliveries of the Bosch mid-tier intelligent driving solution based on the Journey 6E/6M and securing orders from major Japanese OEMs for mainstream vehicle platforms in China [1][2] - The global debut of the Starway ET5, equipped with the HSD system, is set for November, aiming to bring high-end intelligent driving experiences to the mainstream market priced around 150,000 yuan [1] - The company’s stock has performed well since its listing, reaching a peak of 11.32 HKD per share, outperforming the Hang Seng Index and the Hang Seng Tech Index [1] Business Performance - In the first half of 2025, Horizon Robotics reported revenue of 1.567 billion yuan, a year-on-year increase of 67.6%, indicating a simultaneous rise in both volume and price [2] - The Journey series chips surpassed 10 million units in shipments, making Horizon the first intelligent driving chip company in China to reach this milestone [2] - The HSD high-end intelligent driving solution is becoming a crucial support for the company's second growth curve, with the Starway ET5 showcasing its core advantages in low latency and robust driving capabilities [2] Market Position and Future Outlook - Horizon Robotics has established partnerships with over 20 automotive manufacturers, with the Journey 6E/M chips being adopted in more than 100 vehicle models, and expects to achieve millions of units in shipments by 2025 [2] - The company has received strategic financing of 6.3 billion HKD, which will be utilized for HSD solution development and international market expansion [2] - The company has built a clear growth path characterized by technological breakthroughs, scale delivery, cost optimization, and profit improvement, with the HSD solution expected to unlock high-end intelligent driving market potential [3]
智驾赛道迎来高增期：地平线获国内外车企青睐 上市周年迎多重利好
Zheng Quan Ri Bao·2025-10-23 07:36