地平线HSD辅助驾驶系统

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解析奇瑞上市基石阵容:地平线(9660.HK)成唯一智驾领域产业资本,重构投资新范式
Ge Long Hui· 2025-09-25 07:22
Core Viewpoint - Chery Automobile's listing on the Hong Kong Stock Exchange marks a significant milestone in the Chinese automotive industry, attracting key investors like Horizon Robotics, which highlights the growing importance of smart technology in reshaping the automotive value chain [1][3][13]. Investment and Strategic Collaboration - Horizon Robotics' investment of $40 million in Chery reflects a strong belief in Chery's growth potential and the strategic importance of smart technology in the automotive sector [1][3]. - The partnership between Horizon and Chery, established in 2021, has led to the development of advanced driving assistance systems, showcasing a successful collaboration that enhances both companies' market positions [4][10]. Market Performance and Growth Projections - Chery is projected to achieve a 49.4% increase in passenger car sales in 2024, positioning it among the top global automakers [3]. - Horizon Robotics leads the Chinese market for autonomous driving solutions, holding a 32.4% share in the market for passenger car assistance systems and a 45.8% share in the ADAS front-view camera market [3][8]. Technological Advancements and Product Development - Horizon Robotics has established a robust competitive edge through its "chip + algorithm + ecosystem" strategy, which has resulted in significant revenue growth, with a 67.6% year-on-year increase in revenue to 1.567 billion yuan [8]. - The introduction of the Horizon Journey 6P chip in Chery's latest model, the Starway ET5, exemplifies the integration of advanced technology into new vehicles, enhancing their market appeal [4][10]. Industry Trends and Future Outlook - The penetration rate of advanced driver assistance systems among Chinese automakers has reached 59%, indicating a strong trend towards smart vehicle technology [9]. - The collaboration between Horizon and over 40 automotive brands, along with plans for mass production of smart driving systems, suggests a promising future for the smart driving market in China [10][11]. - The anticipated growth of the Robotaxi market, projected to reach $47 billion by 2035, underscores the potential for Horizon Robotics to capitalize on emerging opportunities in the autonomous vehicle sector [11][12].