Horizon receives investment from Chery Automobile

Horizon announced that it has recently obtained strategic investment from Chery Automobile and completed the delivery. The funds will be mainly used for the research and development iteration and mass production of automotive smart chips. At the same time, the two sides officially announced that on the basis of the current cooperation in the field of in-vehicle intelligent interaction, they will officially start new cooperation in the field of high-level assisted driving.

According to the plan, Chery's new high-end intelligent electric platform - the E0X platform will use the Journey 3 chip to build the cornerstone of computing power. The platform plans at least five intelligent models for the L2+ level and above. The first model, the Chery E03, will be launched in 2023 and will realize the NOP-assisted driving function in high-speed and urban areas. In addition, the ADAS mass production cooperation model based on the Journey 2 chip will be launched in 2022.

Since its establishment, Horizon has obtained capital from many auto companies such as SAIC Group, GAC Capital, Great Wall Motor, Dongfeng Asset, BYD, FAW Group, as well as Intel, SK Hynix, CATL, Luxshare, Xingyu Co., Ltd., Weir Co., Ltd. Strategic investment of many upstream and downstream enterprises in the industrial chain such as Sunny Optical.

For L2-L4 full-scenario vehicle intelligent application scenarios, Horizon has launched three mass-produced vehicle-grade products, Journey 2, Journey 3, and Journey 5. The data shows that by the end of 2021, the cumulative shipment of Horizon Journey chips has exceeded 1 million, and it has signed pre-installation mass production projects for more than 70 models with 20+ car companies.

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