Core Insights - The domestic intelligent driving industry is gaining significant attention due to recent dual listings of companies like Hesai Technology, Pony.ai, and WeRide, along with new policies and feedback mechanisms [1] - Horizon Robotics, a leading player in the intelligent driving technology sector, has achieved batch delivery of Bosch's mid-level intelligent driving assistance system based on its Journey 6E/M platform, which includes features like highway navigation assistance and memory parking [1] - Horizon's Journey family has surpassed 10 million units shipped and has secured partnerships with over 20 automotive manufacturers, with an expected shipment volume reaching millions by 2025 [1][2] - A strategic cooperation agreement was signed between Horizon and Hello, focusing on the development of low-cost, high-safety, and reliable intelligent driving technology for Robotaxi operations [1] - Horizon has launched a significantly upgraded urban driving assistance system, Horizon SuperDrive (HSD), which has already been adopted by multiple automotive manufacturers [2] - Major investment banks, including Morgan Stanley, have recognized Horizon's positioning as a "technology infrastructure platform builder," indicating a positive outlook for the company as global adoption of autonomous driving accelerates [2] - Several securities firms have raised Horizon's target price, reflecting confidence in its market potential [3] - The global L2+ level intelligent driving market is projected to grow at a compound annual growth rate of 8% over the next decade, with Horizon and other leading companies expected to increase their market share significantly [3]

Group 1 - Horizon has launched the "Horizon Journey 10 Million Production Witness Ceremony" at the Chengdu International Auto Show, aiming to achieve over 10 million units of the Journey family chips by August 2025 [1] - The company has established partnerships with over 40 global automotive manufacturers, including China's top ten car companies, enabling over 400 vehicle models and serving more than 6 million users [3] - The Journey 6 series, set to begin mass production in 2025, is developed on the new BPU Nash architecture, covering a computing power range of 10-560 TOPS, catering to L2 to full-scene urban driving assistance needs [3] Group 2 - The high-performance flagship Journey 6P has a computing power of 560 TOPS, and the HSD urban driving assistance system is based on a one-stage end-to-end architecture with reinforcement learning capabilities [4] - The HSD system has already secured partnerships with over 10 vehicle models from various manufacturers, with the first collaboration model, the Starway ET5, set to be mass-produced in November 2025 [4] - The achievement of over 10 million units in production marks a new phase for China's intelligent driving industry, transitioning from the initial stage to large-scale commercialization and ecosystem collaboration [5]