$HORIZONROBOT-W(09660.HK)As a leader in China's intelligent driving and in-vehicle AI ecosystem, Horizon Robotics has seen its popularity continue to rise in recent years, primarily due to its full-stack smart driving solutions and open ecosystem strategy. Specifically, Horizon supports high-level autonomous driving technologies from L2 to L2+ with its self-developed AI chips (such as the Journey series J6P) and integrated hardware-software systems (e.g., HSD Horizon SuperDrive), achieving a balance of high performance and low power consumption. It also opens up chip IP and algorithm toolchains to promote diversified development and rapid deployment among upstream and downstream partners.

Horizon's in-vehicle AI ecosystem is not only technically robust but also flexible and open, with deep partnerships with over 100 industry players, covering chip licensing, hardware-software integration, and algorithm optimization, driving the application of its technology in more than 300 vehicle models. Its solutions support multiple mainstream automakers, including BYD and Chery, and actively expand into international markets. With the trend of intelligent driving adoption and the consolidation of in-vehicle AI demand, Horizon is expected to see significant growth in shipments and revenue in the coming years, solidifying its leading position in China's domestic substitution and autonomous driving sectors.

Looking ahead, Horizon will focus on deepening integrated hardware-software technology, enhancing the accuracy of perception and environmental modeling algorithms, and continuously improving edge AI computing capabilities. Through ecosystem collaboration, it aims to drive broader market penetration and multi-scenario applications of in-vehicle AI systems. Demonstration products like the Chery Xingjiyuan ET5, equipped with the HSD system, are set to launch soon, representing Horizon's breakthrough and practical promotion in the high-level assisted driving market. Overall, Horizon Robotics' continuous technological innovation and comprehensive open collaboration in the in-vehicle AI field have established a strong domestic ecosystem, making it highly promising for the future.