Core Viewpoint - Yihang Intelligent is set to further undertake the mid-tier market expansion task for the J6 series chips, indicating a strategic focus on enhancing its market presence in the automotive sector [1]. Group 1: Company Developments - On May 12, 2023, Yihang Intelligent underwent a business change, adding new shareholders including Beijing Horizon Information Technology Co., Ltd. and others, indicating a shift in its investment structure [2]. - The recent financing round is identified as a C+ round rather than a D round, with Yihang Intelligent's valuation estimated to be within 3 billion yuan [2]. - Horizon holds a 9.27% stake in Yihang, suggesting a significant investment amount based on this shareholding [2]. Group 2: Strategic Partnerships - During the 2024 Beijing Auto Show, Yihang Intelligent announced a strategic partnership with Horizon, becoming one of the first algorithm partners for the Journey 6 (J6) [3]. - The collaboration between Horizon and Yihang extends beyond capital to business synergies, with Horizon focusing on the high-end autonomous driving market [3]. - Horizon's HSD solution will debut with the Journey 6P chip in the global launch of the Starway brand, set for mass production in September 2025 [3]. Group 3: Technological Advancements - Horizon introduced the BEV+Transformer end-to-end algorithm framework in 2023, which has been validated in production models from companies like Li Auto and BYD [4]. - Yihang Intelligent can utilize both Horizon's perception algorithms and its own self-developed algorithms, providing clients with a broader range of options [4]. - Yihang aims to be the first to develop and mass-produce the city memory navigation feature on the J6E/M platform, targeting an optimal solution for high-speed NOA [4].