What is Horizon Robotics Class B stock?
9660 is the ticker symbol for Horizon Robotics Class B, listed on HKEX.
Founded in 2015 and headquartered in Beijing, Horizon Robotics Class B is a Packaged Software company in the Technology services sector.
What you'll find on this page: What is 9660 stock? What does Horizon Robotics Class B do? What is the development journey of Horizon Robotics Class B? How has the stock price of Horizon Robotics Class B performed?
Last updated: 2026-05-14 13:35 HKT
About Horizon Robotics Class B
Quick intro
Horizon Robotics (9660.HK) is a leading provider of advanced driver assistance systems (ADAS) and autonomous driving (AD) solutions. The company specializes in proprietary software-hardware integration, including the Journey series chips and SuperDrive solution. In 2024, the company reported revenue of RMB 2.38 billion, a 53.6% year-on-year increase, with a robust gross profit margin of 77.3%. It holds a dominant position in the Chinese OEM ADAS market, supported by over 310 car model design-wins and strong R&D momentum.
Basic info
Horizon Robotics Class B Business Introduction
Horizon Robotics (9660.HK) is a global leader in providing high-performance advanced driver-assistance systems (ADAS) and autonomous driving (AD) solutions for passenger vehicles. Founded in 2015, the company has transitioned from a chip designer to a comprehensive Tier-1 provider that integrates hardware and software to power the next generation of smart vehicles.
Business Summary
Horizon Robotics specializes in the development of proprietary "Processing Hardware + Algorithms + Development Tools" stacks. According to industry data from CIC (China Insights Consultancy), Horizon Robotics is the largest domestic provider of front-mounted ADAS solutions in China by shipment volume. As of the end of 2024, the company's solutions have been integrated into over 270 vehicle models from approximately 30 automotive OEMs.
Detailed Business Modules
1. Horizon Journey™ Series (Hardware): This is the flagship silicon series including Journey 2, 3, and 5, with the high-performance Journey 6 series recently entering mass production. These chips are designed specifically for AI workloads, offering high TOPS (Tera Operations Per Second) and industry-leading power efficiency.
2. Horizon Matrix™ (AD Solutions): A full-stack autonomous driving solution ranging from Level 2 (basic safety features) to Level 4 (high automation) capabilities. This includes perception, fusion, and planning algorithms.
3. Horizon OpenExplorer™ (Software Toolkit): A comprehensive development platform that allows Tier-1 suppliers and OEMs to develop their own customized algorithms on Horizon’s hardware, fostering an open ecosystem.
Business Model Characteristics
Flexible Integration: Unlike "black box" competitors, Horizon offers a "white box" model, allowing customers to choose between buying just the silicon, the software, or the complete integrated system.
Scalability: The product line covers everything from low-cost entry-level ADAS to premium high-computing power requirements for urban NOA (Navigate on Autopilot).
Asset-Light Strategy: Utilizing a Fabless model, the company focuses on R&D and IP design while outsourcing manufacturing to global leaders like TSMC.
Core Competitive Moat
Proprietary BPU Architecture: The Brain Processing Unit (BPU) is an innovative AI engine architecture optimized for the latest neural network trends (such as Transformers), providing higher "FPS per Watt" compared to general-purpose GPUs.
Mass Production Provenance: Being one of the few players with millions of units shipped, Horizon has established a "data flywheel" effect where real-world road data continuously improves its algorithm accuracy.
Strategic Partnerships: Deep joint ventures, such as CARIZON with Volkswagen’s software unit CARIAD, provide stable long-term revenue streams and deep integration into global supply chains.
Latest Strategic Layout
Following its 2024 Hong Kong IPO, Horizon has prioritized the expansion of the Journey 6 series to capture the rapidly growing demand for urban "all-scenario" autonomous driving. The company is also aggressively expanding its footprint in the "Embodied AI" sector, applying its automotive-grade computing power to industrial robotics and smart delivery systems.
Horizon Robotics Class B Development History
The journey of Horizon Robotics reflects the rapid evolution of the Chinese EV market and the global shift toward software-defined vehicles.
Development Characteristics
The company is characterized by a "Software-First" philosophy, where hardware is designed specifically to serve the needs of advanced AI algorithms, rather than adapting algorithms to fit existing hardware.
Development Stages
1. Founding and Architecture Definition (2015 - 2018): Founded by Dr. Kai Yu, a pioneer in deep learning. The company focused on developing the BPU (Brain Processing Unit) and released its first-generation processing units (Sunrise and Journey) in late 2017.
2. Market Entry and Mass Production (2019 - 2021): In 2020, Journey 2 became the first China-designed automotive-grade AI chip to be mass-produced in a vehicle (Changan Uni-T). This proved the company's ability to meet rigorous automotive safety standards (ISO 26262).
3. Scaling and High-Power Breakthroughs (2022 - 2023): The launch of Journey 5 marked the entry into high-level autonomous driving (L2+), securing massive orders from BYD, Li Auto, and SAIC. In 2022, Volkswagen announced a multi-billion dollar investment to form a joint venture with Horizon.
4. Capital Market Milestone and Global Expansion (2024 - Present): Horizon Robotics successfully listed on the Hong Kong Stock Exchange (9660.HK) in October 2024. The company is now focusing on the Journey 6 family to unify ADAS architectures across all vehicle price points.
Analysis of Success Factors
Timing and Localization: Horizon capitalized on the "China Speed" of EV development, providing local support that global competitors like Mobileye or NVIDIA could not match in terms of customization.
Talent Density: Led by world-class AI scientists, the company maintained a technological edge in algorithm efficiency, allowing them to achieve high performance even on lower-power hardware.
Industry Introduction
The automotive industry is currently undergoing a "Great Convergence" of electrification and intelligence. The demand for AI computing power in vehicles is expected to grow at a CAGR of over 30% through 2030.
Industry Trends and Catalysts
Urban NOA (Navigate on Autopilot): The industry is moving from highway assistance to complex urban environment navigation, requiring massive jumps in computing power (from 500 TOPS).
Centralized E/E Architecture: Vehicles are moving away from hundreds of small ECUs toward a centralized "Brain" or "Domain Controller," favoring high-integration providers like Horizon.
Competitive Landscape
The market is divided into three main tiers:
| Category | Key Players | Horizon's Position |
|---|---|---|
| Global Tech Giants | NVIDIA, Qualcomm | Competes in high-performance L3/L4 segments; Horizon offers better cost-efficiency and local support. |
| Established Tier-2s | Mobileye (Intel) | Horizon is gaining share by offering "Open" systems vs. Mobileye's traditional "Closed" systems. |
| Domestic Competitors | Huawei, Black Sesame | Horizon leads in cumulative mass-production volume and ecosystem diversity. |
Market Position and Data
According to Gaogong Automotive Research, in the first half of 2024, Horizon Robotics held the #1 market share in China for the front-view ADAS computing solution market among passenger cars, capturing approximately 28.65% of the market.
Key Industry Data (2024 Estimates):
- Global ADAS Market Size: Expected to reach $63 billion by 2027.
- China L2/L2+ Penetration: Surpassed 50% in new passenger vehicles as of late 2024.
- Computing Power Trend: Average TOPS per vehicle is expected to increase 10x between 2023 and 2028.
Conclusion
Horizon Robotics (9660.HK) stands as a gatekeeper in the "Intelligence" phase of the automotive revolution. With its recent IPO, strong cash reserves, and deep-rooted partnerships with both domestic (BYD/Li Auto) and international (Volkswagen) giants, it is well-positioned to remain a dominant force in the global automotive AI supply chain.
Sources: Horizon Robotics Class B earnings data, HKEX, and TradingView
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