Horizon Robotics and FAW Hongqi jointly develop advanced autonomous driving solutions

Recently, Horizon Robotics officially announced that it has obtained strategic investment from China First Automobile Group Co., Ltd. (hereinafter referred to as "FAW Group") to help FAW Hongqi build high-end autonomous driving solutions and completed the transaction. The investment will be used to strengthen the forward-looking technology research and development of automotive-grade AI chips and the construction of engineering implementation capabilities. Since its establishment, Horizon Robotics has obtained capital from many auto companies such as SAIC Group, GAC Capital, Great Wall Motors, Dongfeng Asset Management, BYD, as well as strategic investments from many upstream and downstream companies in the industry chain such as Intel, SK Hynix, CATL, Xingyu Technology, Will Semiconductor, and Sunny Optical. Its technical concepts and R&D results have been recognized by the industry.

Automotive-grade AI chips are becoming the "digital engine" of smart cars. Based on the technical concept of combining software and hardware and co-optimization, Horizon Robotics is committed to creating an underlying efficient and open technology platform with "chip + algorithm + tool chain" as the core through technological breakthroughs in key links such as AI computing architecture, deep learning-based autonomous driving technology, and software 2.0 infrastructure, to comprehensively improve the efficiency of technology development and application iteration.

Aiming at L2~L4 full-scenario vehicle intelligent application scenarios, Horizon Robotics has driven the rapid iteration of the Journey chip with forward-looking technology, and continues to lead the innovative breakthroughs of domestic automotive-grade AI chips. Horizon Robotics' third-generation automotive-grade product Journey®5 combines high performance and high computing power, which can meet the needs of high-level autonomous driving mass production applications. Journey 5 has won the designated cooperation of many mainstream car companies such as BYD, ZTO Automobile, and FAW Hongqi. It is the only one in the world and the first mass-produced AI chip in China with a computing power of 100 TOPS.

Based on the concept of open and win-win cooperation, Horizon Robotics' independently innovative technologies, breakthrough products and solutions have brought new business value to a wide range of industry partners. As of the end of 2021, the cumulative shipments of Horizon Robotics' Journey chips have exceeded 1 million. At present, Horizon Robotics has signed pre-installed mass production projects for more than 70 models with more than 20 automakers, becoming the largest Chinese automotive-grade AI chip company in mass production.

As an innovation leader in China's automotive industry, FAW Group and Horizon Robotics have already established a deep cooperative relationship. Since 2020, Horizon Robotics has successively reached strategic cooperation with FAW Nanjing and FAW Intelligent Connected Vehicle Development Institute. In May 2022, Horizon Robotics obtained the application of FAW Hongqi's new vehicle model project, and will work with industry partners based on multiple Journey 5 chips to jointly help FAW Hongqi create high-level autonomous driving solutions.

This strategic investment further deepens the cooperation between the two parties. In the future, Horizon Robotics will continue to work with FAW Group and more industry partners to collaborate in all aspects based on their respective core R&D capabilities, open up innovative and efficient development paths, and promote China's smart car industry to achieve global leadership.