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5. Beijing Horizon Robotics Technology R&D Co., Ltd. Business Report FY ended Dec. 2021

Beijing Horizon Robotics Technology R&D Co., Ltd. Business Report FY ended Dec. 2021

Business Performance

-In 2020, the company achieved operating income of about CNY 200-230 million. (From various media sources)

-As of September 2021, the company has shipped over 500,000 Horizon Journey series chips and signed over 40 volume production contracts.

-On June 10, 2021, the company received a C7 round of financing of USD 1.5 billion, giving it a market capitalization of USD 5 billion.

Investment from automakers and parts suppliers

-On February 9, Horizon Robotics announced the completion of its C3 series investment amounting to USD 350 million. It received investments from not only investment organizations, but several upstream and downstream firms along the automotive industry chain, including BYD, Great Wall Motor Co., Ltd., Wenzhou Changjiang Automobile Electronic System Co., Ltd., Dongfeng Asset Management Co., Ltd., Sunny Optical Technology (Group) Co., Ltd., and Changzhou Xingyu Automotive Lighting Systems Co., Ltd. Horizon Robotics is known to collect a total of USD 900 million in its C round fundraising. (From the company's official WeChat dated March 4, 2021)

-SAIC Motor became the Horizon Robotics’ largest institutional shareholder after participating in the latter’s Series B investment in 2019. (From the company's official WeChat on Feb. 23, 2021)

-Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) announced that it obtained a strategic investment from Great Wall Motor Co., Ltd. (Great Wall Motor). The companies will utilize their advantages in the automotive and AI fields to speed up the development of autonomous driving and intelligent connectivity technologies. (From the company's official WeChat on February 8, 2021)

-Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) announced that it completed the Series C2-round investment led by  Contemporary Amperex Technology Co., Ltd. that resulted in a total investment of USD 400 million. (January 7, 2021, from the company's official WeChat)

Contracts

New Products

Released products and systems such as the Journey 5, an AI chip for automotive applications.
-Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) announced the release of the Journey 5 chip for smart driving and a smart computing platform based on Journey 5, the Together OS operating system, and the Horizon Matrix SuperDrive vehicle smart solution. The single-chip AI processing power of Journey 5 is 128 TOPS, and it supports 16 channels of camera sensing. The in-vehicle smart computing platform based on the Journey 5 supports computational power, algorithms, and development efficiency and is effective in a variety of vehicle applications. Together OS, a real-time operation system, accelerates the individual development and production of AI software, while automating the software update process and speeding up the development process of smart vehicles. Horizon Matrix SuperDrive is a solution that integrates 47 sensors to support smart vehicle functions in all situations, including high speed, urban areas, parking, and human-computer interaction. (From the press release dated July 30, 2021)

Phase 1 design of the Journey 5 is complete.
-Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) announced that it succeeded in the tape-out (final phase of chip design life cycle) of the Journey 5 chips, the company’s third-generation automotive-standard product designed for Level-4 autonomous driving scenarios. As a full-scenario intelligent central computing chip for vehicles, the Journey 5 chip meets the needs of both autonomous driving and intelligent interaction. The Journey 5 single chip has a maximum AI computing power of 128TOPS (Tera Operations per Second). Additionally, Horizon Robotics will launch a series of intelligent driving central computers with an AI computing power ranging from 200TOPS to 1,000TOPS. (From a press release dated May 9, 2021)

Announcement of the Journey 3 automotive AI chip
-The Journey 3, a new-generation automotive AI chip, was unveiled at the Beijing Motor Show. Space Tech, a company that focuses on low-speed automated driving, also exhibited an automated parking and valet parking system that uses the Journey 3. The system utilizes the Journey 3's peripheral recognition function and sensor fusion to detect parking spaces, obstacles, pedestrians, and drivable areas to achieve automatic parking. Also at a press conference, GAC R&D Center and GAC Capital signed a strategic cooperation agreement with Horizon and jointly released the GAC version of Journey 3. This chip is based on the deep learning network used by the GAC Group to optimize the software and hardware, and at the same time, it is being tuned to meet the requirements of GAC Group's production models. The system will be installed in production models in the future. (From the official WeChat dated September 28, 2020)

Journey 2 automotive AI chip
-In August 2019, the company announced the volume production of the Journey 2, an automotive AI chip. The chip features the company's BPU2.0 (Brain Processing Unit) computing architecture, which enables 4 TOPS capabilities with 2 watts of power consumption. It will address the needs of all scenarios required for automated driving, such as visual recognition, location acquisition, and ADAS, as well as the needs in interaction, such as voice recognition, eye tracking, and gesture recognition. (From the official WeChat, August 30, 2019)

Journey 1 automotive AI chip
-On December 20, 2017, Horizon Robotics, Inc. launched China's first-ever artificial intelligent (AI) visual chip in Beijing. The company introduced a Journey 1.0 processor for intelligent driving. The company also released several AI solutions featuring intelligent driving, smart cities and smart businesses, which are all created based on the breakthrough AI technologies. The two processors apply the company's Brain Processing Unit (BPU) framework, a Gauss architecture. (From some releases on December 20, 2017)

Strategic Alliance

OEMs

Neta

-Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) has announced that it will fully develop a strategic partnership with Hozon New Energy Automobile Co., Ltd.’s Neta brand. Horizon Robotics will provide automotive chip-related products with high computing power and technical support to meet Neta's multifaceted needs for smart cars, and cooperate with Neta's development of smart products for the mass consumer market. A Neta model equipped with the Horizon Journey series chip will start production and be released next year. (From a release dated September 3, 2021)

-On July 29, 2021, Neta, an intelligent electric vehicle brand of Hozon New Energy Automobile Co., Ltd., announced that it formed a partnership with Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) as the parties intend to cooperate on production of the Journey 5 chips. They will jointly facilitate operations related to hardware and software for intelligent computing platforms. (From a Neta's WeChat platform press release)　

Chery Automobile

-On June 23, Chery Holding Group Co., Ltd. (Chery Holding Group) and Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) signed a strategic cooperation agreement in the city of Wuhu, Anhui Province. Joint technological R&D and product cooperation will be made in such fields as intelligent driving and intelligent interaction. They will work together to develop intelligent connected vehicles. The two parties will further R&D cooperation in key areas including ADAS, autonomous driving, and multi-mode human-machine interaction in intelligent cockpits. An integrated intelligent vehicle solution that combines chips, algorithms and cloud services will be developed by them, based on demands of various brand products under Chery Holding Group in different scenarios. (From a Chery's WeChat platform press release)

JAC

-On July 29, 2021, Anhui Jianghuai Automobile Group Corp., Ltd. (JAC) announced that it formed a partnership with Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) as the companies intend to cooperate on production of the Journey 5 chips. They agreed to facilitate the production of JAC’s self-developed high-end autonomous vehicles based on the Journey 5 chips. As the third automotive-standard AI chip introduced by Horizon Robotics following the production of the preceding Journey 2 and Journey 3 chips, the Journey 5 chip has a maximum AI computing power of 128 TOPS (Tera Operations per Second) per chip and supports perceptual computing with 16 cameras. Additionally, the Journey 5 chip can realize such functions as fusion, forecasting and planning controls which are necessary for autonomous driving scenarios. With the launch of the Journey 5 chip, Horizon Robotics becomes the sole provider of intelligent automotive chips supporting Level-2 to Level-4 scenarios in the autonomous driving industry. (From a JAC's WeChat platform press release)

-On April 19, 2021, Anhui Jianghuai Automobile Group Corp., Ltd. (JAC) and Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) signed a cooperation agreement at the Auto Shanghai 2021. The companies formed a strategic partnership in the fields of intelligent driving, intelligent connectivity and AI. JAC and Horizon Robotics will concentrate their efforts on product R&D and intelligent vehicle solutions. The companies will carry out the R&D activities by focusing on such fields as Advanced Driver Assistance Systems (ADAS) and autonomous driving. Specifically, they will develop products applicable to passenger vehicles and commercial vehicles with traditional energy and new energy powertrains as well as products for customized purposes. In addition, Horizon Robotics will provide JAC with integrated intelligent vehicle solutions in the fields of chips, algorithms and tool chains. These solutions will include intelligent driving processors, autonomous driving computing platforms, visual perception algorithms, map crowdsourcing and positioning, intelligent cockpits and closed-loop data. (From a JAC's press release dated April 25)

Li Auto

-The company has announced a further strengthening of its partnership with Li Auto. The two companies will work together for the growth of electric vehicles. The company's Journey series of chips will provide Li Auto with a high-performance and open smart driving computing platform. The two companies announced their partnership in 2019, and the Ideal ONE will feature the company's in-vehicle interaction technology. (From the official WeChat dated April 20, 2021)

Great Wall Motor

-Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) announced that it obtained a strategic investment from Great Wall Motor Co., Ltd. (Great Wall Motor). The companies will utilize their advantages in the automotive and AI fields to speed up the development of autonomous driving and intelligent connectivity technologies. Additionally, the companies signed a framework agreement for strategic cooperation with a focus on technologies related to ADAS (Advanced Driver Assistance Systems), high-level autonomous driving and intelligent cockpits. They will work together to explore intelligent automotive technologies, develop market-leading products for intelligent vehicles, and accelerate the development and production of intelligent vehicles. (From Horizon Robotics’ WeChat platform press release dated February 5, 2021)

BYD

-On March 2, Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics), an edge AI chip supplier, held a strategic cooperation signing ceremony with BYD Co., Ltd. (BYD) at BYD’s headquarters in Shenzhen. They will accelerate the R&D and application of cutting-edge intelligent driving technologies as well as the R&D and production of intelligent vehicles. Horizon Robotics will assist BYD in building intelligent connected vehicles, based on BYD’s various product development demands and Horizon Robotics’ expertise in automotive intelligent chips and perception algorithms. (From Horizon Robotics’ WeChat platform press releases)

SAIC Motor Passenger Vehicle

-On February 22, 2021, Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) announced on its WeChat platform that it signed an agreement for a comprehensive strategic partnership with SAIC Motor Passenger Vehicle Company (SMPV). The companies will work together to develop intelligent and connected automotive products with SAIC Motor brand features. According to the agreement, Horizon Robotics will provide SMPV with a complete solution for intelligent driving based on the Journey-series intelligent automotive chips, including the Journey 2, Journey 3 and Journey 5 chips. Horizon Robotics will focus on the development of products in such fields as Advanced Driver Assistance Systems (ADAS), autonomous driving and intelligent cockpits to assist SMPV in developing evolvable intelligent vehicles. Horizon Robotics’ Journey 2 chips are expected to be applied in production of forward-looking ADAS systems installed on SMPV vehicles. In the future, Horizon Robotics and SMPV will deepen their partnership in such fields as intelligent domain controllers and autonomous driving systems. The companies will form a joint team focusing on development of Horizon Robotics’ future chips applicable to high-level autonomous driving. Additionally, the joint team will work to develop the next-generation domain controllers and system solutions for intelligent driving. These products are expected to be production-oriented and of the same class as those applied in Tesla’s FSD (Full Self-Driving) system. (From Horizon Robotics’ WeChat platform press release)

China FAW Group: FAW Nanjing

-The company will cooperate in the areas of AI in automobiles, sensing technology, ADAS, highly automated driving, smart interaction, and software-defined vehicles with FAW (Nanjing) Technology Development Co., Ltd. (FAW Nanjing), a wholly owned subsidiary of the FAW Group. The two companies will work together to build an integrated core computing AI platform called "Red Flag AI Core Brain", which will eventually be produced for use in ADAS and highly automated driving. In the future, the two companies will cooperate to produce the platform as standard equipment and promote joint development of future automated driving products. (From the official WeChat dated July 24, 2020)

Suppliers

Continental

-Continental AG (Continental) announced that it has signed a joint venture (JV) contract with Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics), focusing on providing hardware and software integrated solutions for advanced driver assistance systems (ADAS) and autonomous driving. Continental will be the majority shareholder. They also signed an investment contract with Shanghai Jiading Industrial Zone where the new JV will be located. The target of the JV is to integrate Horizon Robotics’ processors and algorithms in smart cameras and control units for ADAS and automated driving from Continental and to give Horizon Robotics a global reach and manufacturing footprint for its technology. It will serve the Chinese market as well as international OEMs globally. The JV also signed an MOU for cooperation with Elektrobit. Elektrobit will provide reliable software products and solutions of underlying standardized vehicle infrastructures so that JV can focus on developing differentiated features and innovations. The JV is expected to have around 200 employees. (From a press release dated September 29, 2021)

-Continental AG (Continental) announced that it signed a memorandum of cooperation with Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) at the Auto Shanghai 2021. They will establish an intelligent driving joint venture to provide automotive manufacturers in China and the world with advanced driver assistance systems (ADAS) and autonomous driving software and hardware system solutions. In September 2020, Continental and Horizon Robotics had reached a cooperation intention to integrate Horizon Robotics’ Journey series automotive-grade AI SoCs (System-on-Chip) and algorithms in a variety of Continental’s ADAS products and develop intelligent driving solutions that fit driving scenarios in China. The joint venture is an important move of both parties to deepen their partnership. In the future, they will accelerate R&D and production of intelligent driving products. With the joint venture, they will offer better services and support in China’s automotive market and promote the intelligent vehicle industry development in China and the whole world. (From a press release dated April 23, 2021)

Faurecia

-Faurecia announced that it has signed a framework agreement for strategic cooperation with Beijing Horizon Robotics Technology R&D Co., Ltd.(Horizon Robotics). The companies will work together to develop AI solutions based on multimodal perception technologies. They will promote the commercial application of technologies related to intelligent cockpit systems and ADAS (advanced driver assistance systems). (From a Faurecia website press release on January 12, 2020)

NXP Semiconductors

-Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) announced that it has signed a strategic partnership agreement with NXP Semiconductors N.V. (NXP Semiconductors) for the joint development and deep level partnership to explore smart vehicles. Both companies will focus on advanced driver assistance system (ADAS), autonomous driving, and in-vehicle interaction technology to develop higher performance more complete solutions and to achieve supply chain synergies. At the same time, the two companies will work with partners in the industrial chain to cooperate on pre-integration of ADAS and advanced autonomous driving as well as development of regular production solutions, and promote the smart function of vehicles. Specifically, both companies will develop driving and parking integrated solutions and auto cruise assist (NOA) solutions based on Horizon Robotics’ Journey 3 onboard chip and NXP Semiconductor’s high performance S32G series control chip. They will also jointly develop a full-scenario complete vehicle smart solution based on Journey 5 and S32G. (From a press release dated September 2, 2021)

Huizhou Desay

-Huizhou Desay SV Automotive Co., Ltd. (Desay SV) announced that it signed a strategic cooperation agreement with Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics). According to the agreement, they will implement R&D and in-depth technological cooperation in terms of intelligent cockpits and promote technological innovation and application of intelligent vehicles, through utilizing their respective advantages. The intelligent cockpit jointly developed by them made its debut at the signing ceremony and was about to start production. (From a press release dated April 26, 2021)

Zhejiang Asia-Pacific (APG)

-At the Shanghai Motor Show, the company and Zhejiang Asia-Pacific Mechanical & Electronic Co., Ltd. (APG) have agreed to a strategic partnership. Under the alliance, the two companies will jointly develop driver assistance products using each other's resources, and APG will be able to use Horizon's Journey series in-vehicle chips and algorithms, as well as the Matrix automated driving computing platform and sensor systems, in its ADAS products and Level 2-4 automated driving solutions and domain controllers. APG will be responsible for the design, application and marketing of smart mobility products, while Horizon will provide related technical support. (From the official WeChat dated April 19, 2021)

Foryou

-Foryou Corporation (Foryou) announced that it signed a strategic partnership agreement with Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) to enhance cooperation on intelligent cockpits and intelligent driving through making full use of their respective expertise and experience. The DMS (driver monitoring system) developed by them based on Horizon Robotics’ Journey 2 automotive intelligent SoC (System on a Chip) made its debut at the Auto Shanghai 2021. In the future, they will work together on self-driving domain controller platforms based on high-efficiency Journey 3 and Journey 5 chips. (From a press release dated April 19, 2021)

Hesai Technology

-Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) announced that it has signed a strategic partnership agreement with LiDAR manufacturer Hesai Technology Co., Ltd. (Hesai Technology). The two companies will collaborate on the development of mass-produced, pre-installed LiDAR sensing programs. Horizon Robotics will work with Journey 5, a chip for smart driving, and Hesai Technology will work with AT128, a hybrid solid-state LiDAR for mass-production automotive applications in ADAS. The AT128 is a hybrid solid-state LiDAR developed by Hesai Technology for mass-produced vehicles with ADAS, and uses a highly integrated, proprietary chip that has passed automotive measurement tests. (From a press release dated August 6, 2021)

Anhui Domain Compute, Hangzhou Hongjing Drive Technology

-Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) announced that it has signed a strategic cooperation agreement with Anhui Domain Compute Co., Ltd. (Domain Compute) and Hangzhou Hongjing Drive Technology Co., Ltd. (Hongjing Drive). Horizon Robotics and Domain Compute will work together on R&D and the application of L2-L4 intelligent driving products through full utilization of their product and technology advantages. (From a press release dated April 9, 2021)

Nullmax

-Nullmax announced that it has entered into a strategic alliance with Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) for autonomous driving. The two companies will integrate their product technologies in which they have advantages in the area of autonomous driving and develop customized algorithm chip integration solutions based on actual demand. The autonomous driving software algorithms provided by Nullmax will be integrated into a computing platform based on Horizon's in-vehicle chips Journey 3 and Journey 5 to help automakers consolidate and apply autonomous driving functions. (From a press release dated August 9, 2021)

Neusoft

-The company and Neusoft Reach Automotive Technology (Shanghai) Co., Ltd. (Neusoft) have agreed to a strategic partnership. Based on this agreement, the two companies will promote the production of ADAS systems equipped with the Journey 2 AI chip, and in the future, they will jointly develop an automated driving computing platform using successor models of the Journey series. (From a press release dated April 19, 2021)

Banma Zhixing

-The company announced the establishment of a joint innovation center with Banma Zhixing, a platform providing intelligent automotive solutions currently operated by Banma Information Technology Co., Ltd., a subsidiary of the Alibaba Group. Based on their respective product technologies in the areas of AI chips, algorithms, operating systems, and tool systems, they will jointly innovate and build an AI open platform for smart mobility products. They will promote the realization of a software/hardware integrated solution platform and product development systems in the field of intelligent driving, and define the usage scenarios and production of products related to multimodal interaction in the cockpit. (From a press release dated January 23, 2021)

Futurus

-Futurus Ltd. (Futurus) announced that it has signed a strategic cooperation agreement with the company to jointly develop AR HUD business and promote the development of human-machine interaction (HMI) technology. The two companies will work together in the HMI area to explore new connected methods in the full network era and to promote mass-produced products in the industry. (From a press release dated December 23, 2020)

Space Tech

-The company signed a strategic cooperation agreement in Beijing with Shanghai Space Tech Co., Ltd. (Space Tech), a developer of low-speed automated driving technology, to further promote the research and development of automated vehicle parking and products for low-speed automated vehicles, and the mass production process of intelligent parking-related products. Under the agreement, the two companies will focus on the development of automated parking assistance (APA) and automated valet parking (AVP) technologies by leveraging their respective technological capabilities to build a comprehensive and strong cooperative relationship. (From a press release dated September 27, 2020)

Neolix Technologies

-Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) announced that it has entered into a strategic partnership with Neolix Technologies Co., Ltd. (Neolix). The two companies will jointly develop a sensor fusion solution for the production of autonomous delivery vehicles based on Horizon's Journey in-vehicle chip. (From a press release dated September 13, 2021)

eMapgo

-The company announced that it has entered into a strategic partnership with eMapgo Technologies (Beijing) Co., Ltd. (eMapgo) to deepen cooperation in the field of high-precision maps and provide the industry with safe and reliable mass-produced high-precision positioning solutions for highly automated driving. According to the plan, front-mounted high-precision map positioning products compatible with the company's AI chips and algorithms will be available by the end of this year. (From a press release dated July 27, 2020)

Other Partnership

Shanghai Municipal Government

The Shanghai Municipal Government and the company have signed a framework agreement for strategic cooperation in Shanghai. The Shanghai municipal government will strategically cooperate with the company to build a global R&D headquarters for automotive AI chips and a global headquarters for a central computing platform for smart cars, and will implement the construction of an AI chip ecosystem and continue to leverage the advantages of combining software and hardware. In addition to building an AI chip ecosystem, the company will continue to leverage the advantages of combining software and hardware to promote breakthroughs in fundamental core AI technologies and build a fundamental computing platform. (From a press release dated February 20, 2021)

BiCV

-The company has signed a strategic cooperation agreement with BDStar Intelligent & Connected Vehicle Technology Co. Ltd. (BiCV). In the field of intelligent cockpits, the two companies will work together to develop hardware and software integrated intelligent connected products for multi-mode interaction, driver/vehicle interior monitoring, and end-to-end cloud networking to meet the needs of consumers who want to customize their intelligent cockpit experience. In the area of intelligent driving, the two companies will focus on technologies such as ADAS, automatic valet parking, and central computing platforms for automated vehicles to accelerate the development of platform-based technologies for mass production solutions for intelligent driving. (From a press release dated September 28, 2020)

OmniVision

-The company has signed a strategic cooperation agreement with Chinese semiconductor design company, OmniVision Technologies Inc. (OmniVision). Under the agreement, the two companies will jointly develop intelligent cockpit products that integrate hardware and software, with a focus on multi-mode interaction and driver/vehicle interior monitoring. In the area of intelligent driving, the two companies will focus on ADAS and automated driving, and will accelerate the development of platform technologies for volume production solutions for intelligent driving. Currently, the vision solutions developed by the two companies in the intelligent cockpit area have already been adopted in the mass production models of major Chinese OEMs, and more suitable solutions will be developed in the future. In the area of intelligent driving, the two companies will also work closely to commercialize the results of their ADAS-related collaboration as soon as possible. (From a press release dated November 30, 2020)

ZTE

-ZTE Corporation (ZTE) announced that it has signed a strategic cooperation agreement with the company to collaborate on technology research and application building for 5G-enabled intelligent network connectivity. The company will also cooperate with ZTE's subsidiary Yingbo Super Computing (Nanjing) Technology Co., Ltd. in the development of intelligent driving AI solutions, ADAS, and highly automated driving. With the signing of this strategic cooperation agreement, the three companies will leverage their respective strengths to closely cooperate in the areas of smart driving solutions, vehicle smart networking, and smart transportation, as well as jointly collaborate in the areas of AI, 5G, and smart network connectivity. They will jointly promote the establishment of pilot demonstration projects and the development of smart network vehicles. (From the press release dated January 22, 2020)

R&D

-The company has about 1,000 employees, of which about 60% are engaged in R&D.

-The company's founder, Dr. Kai YU and his research team, Tsinghua University's academic researcher Dr. ZHANG and his domestic AI research team, and the Nanjing government established the Nanjing Advanced AI Research Institute in April 2018.

-In 2018, the Company established an AI lab in collaboration with Changan Automobile.

R&D Cooperation with China Automotive Innovation Corporation

-The company and China Automotive Innovation Corporation have signed a strategic cooperation agreement to build a deep cooperative relationship in the fields of automotive intelligence and smart network connectivity. According to the agreement, the two companies will cooperate comprehensively and closely in the areas of advanced driver assistance systems (ADAS), highly automated driving and intelligent cockpits based on the company's automotive AI chips and AI algorithms. The two companies will accelerate the development of platform technologies for volume production solutions for smart driving. (From a press release dated July 17, 2020)

Establishes a joint development lab with PATEO CONNECT+

-The Company and Shanghai Pateo Yuezhen Network Technology Service Co., Ltd. (PATEO CONNECT+) have formed a strategic alliance. The two companies will establish a joint development lab for the Horizon Journey, an AI chip-enabled cockpit platform, in order to promote collaboration and joint product development with a focus on intelligent cockpits. According to the plan, the products jointly developed by the two companies will be manufactured and installed in vehicles in 2021. (From the press release dated December 30, 2020)

Establishes AI chip global R&D center in the China Shanghai Free Trade Zone

-The China (Shanghai) Free Trade Zone New Area Management Committee and the company have signed a project agreement for the construction of an automotive AI chip global R&D center in the New Area, with a total investment of approximately CNY 3 billion, aiming to manufacture automotive AI chips equivalent to one million smart cars in the next two years. The company also plans to focus on the development and commercialization of in-vehicle intelligent driving chips to support AI computing for ADAS and cockpit HMI, and to recruit talent. (From a press release dated November 25, 2020)

AI Joint research with SAIC

-On August 28, 2020, SAIC Motor Corporation Limited (SAIC Motor) signed an agreement with the company to launch a joint artificial intelligence (AI) laboratory. SAIC Motor and Horizon Robotics will cooperate in the field of intelligent connectivity technologies. They will work together to develop future-oriented AI technologies and create intelligent connectivity terminal apps that leverage SAIC Motor’s brand features. The R&D achievements of the joint laboratory will be first applied in the new models launched by SAIC Motor. (From a press release dated August 31, 2020)

Established a joint lab with FAW Intelligent Connection Development Institute

-The intelligent connection development institute of China First Automobile Co., Ltd. (FAW intelligent connection development institute) signed a strategic cooperation agreement with Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics) to work together on advanced driver assistance systems (ADAS), high-level autonomous driving and intelligent cockpits and jointly develop intelligent connected vehicle products. According to the agreement, Horizon Robotics will provide the FAW intelligent connection development institute with products and technologies including Journey intelligent driving processors, Matrix autonomous driving computing platform, visual perception algorithms, crowdsourced high definition maps and positioning, and intelligent cockpits. Products resulting from the cooperation will be first applied in FAW Hongqi sedans.(From the press release dated August 19, 2020)