【Western Archives】
China’s Horizon Robotics,Western Archives a provider of in-car technologies to major automakers like Volkswagen and BYD, has filed to sell an undisclosed amount of shares in Hong Kong. The move aims to capitalize on the increasing consumer demand for autonomous driving technology both domestically and internationally. The tech unicorn reached a valuation of $8.7 billion in late 2022 after raising a $210 million Series D funding round. According to a prospectus filed on Tuesday, China’s SAIC, Volkswagen, and BYD hold stakes of 10%, 2.6%, and 0.1% in the company, respectively. Horizon reported revenues of nearly RMB 1.6 billion ($220 million) in 2023, up from RMB 906 million the previous year, with net losses narrowing from RMB 1.9 billion to RMB 1.6 billion. The company captured a 21.3% share of the advanced driver assistance systems (ADAS) market in China, making it the second-largest vendor in the country as of last year, according to figures from China Insights Consultancy, which is advising the stake sale. Horizon, backed by investors such as Sequoia Capital China and Hillhouse Investment, plans to use the proceeds to expand into overseas markets, including Japan, Korea, and Europe. [Horizon Robotics prospectus]
Search
Categories
Latest Posts
Amazon Pet Day: All the best deals
2025-06-26 04:34Munster vs. Saracens 2024 livestream: Watch Champions Cup for free
2025-06-26 03:16Sinner vs. Jarry 2025 livestream: Watch Australian Open for free
2025-06-26 02:00Blue Origin's rocket launch just got postponed. Here's why.
2025-06-26 01:59Samsung Unpacked stream is set for May 12, 2025
2025-06-26 01:54Popular Posts
Episode 4: The Wave of the Future
2025-06-26 04:24Original Peloton Bike deal: $300 off at Amazon
2025-06-26 03:52Best MacBook deal: Save $200 on Apple 2022 MacBook Air
2025-06-26 03:33Mary Shows Up
2025-06-26 02:48Featured Posts
Exceptionally rare radio sources detected in the distant universe
2025-06-26 04:33Wordle today: The answer and hints for January 11, 2025
2025-06-26 03:15Munster vs. Saracens 2024 livestream: Watch Champions Cup for free
2025-06-26 03:03Get refurbished Apple AirPods Pro at Best Buy for just $150
2025-06-26 02:39Hidden Siri Commands and Unusual Responses
2025-06-26 02:29Popular Articles
The Anatomy of Liberal Melancholy
2025-06-26 04:34Newsletter
Subscribe to our newsletter for the latest updates.
Comments (295)
Prosperous Times Information Network
The Sound and the “Furious”
2025-06-26 04:23Wisdom Information Network
Dakar Rally 2025 livestream: Watch Dakar Rally for free
2025-06-26 03:47Sky Information Network
I love LUCI: This lifelogging camera pin seriously impressed me at CES 2025
2025-06-26 03:01Interesting Information Network
Fearnley vs. Kyrgios 2025 livestream: Watch Australian Open for free
2025-06-26 02:57Visual Information Network
The Best Gaming Concept Art of 2016
2025-06-26 02:12