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Recently, the China Securities Regulatory Commission announced the registration notice for overseas issuance and listing of Horizon Robotics, which also means that the intelligent driving supplier Horizon's IPO in Hong Kong has taken another step forward.

As early as March 26 this year, Horizon Robotics submitted an application for an IPO on the Hong Kong stock market, with Goldman Sachs, Morgan Stanley and CICC International serving as joint sponsors.

It is worth noting that Horizon's last round of financing before submitting its prospectus was a strategic investment from Chery Automobile disclosed in September 2022, with a post-investment valuation of approximately US$8.71 billion (approximately RMB 62.4 billion at the current exchange rate).

Ten years of hard work has created the first intelligent driving computing solution in China

Founded in 2015, Horizon Robotics is a market-leading supplier of advanced driver assistance systems (ADAS) and advanced autonomous driving (AD) solutions for passenger vehicles equipped with proprietary software and hardware technologies. Relying on its large-scale pre-installed mass production solutions, Horizon Robotics has become a key driver of the transformation and commercialization of smart cars. Horizon Robotics' solutions integrate leading algorithms, dedicated software and advanced processing hardware to provide core technologies for advanced driver assistance and advanced autonomous driving, thereby improving the safety and experience of drivers and passengers.