Horizon Robotics (“Horizon”), a leader in computing platforms for intelligent vehicles, has announced its latest collaboration with BYD Co, Ltd (“BYD”), China’s best-selling electric vehicle brand, to equip BYD vehicles with Horizon’s latest generation automotive processor – Journey® 5.
With a target SOP of mid-2023, BYD is the first automaker to publicly announce the series-production design-in using Horizon’s Journey® 5, with the intention to expand the deployment to more vehicle models in the future. Horizon’s Journey® 5 is a high-performance automotive processor optimized for advanced autonomous driving applications. It features high power efficiency and cost effectiveness, powered by Horizon’s proprietary accelerator BPU®. Other top automakers such as SAIC Motor, Great Wall Motors, Changan Automobile and JAC Group also expressed series production intent with Journey® 5 when it was first unveiled in July 2021.
China’s automotive industry is accelerating the development of electrification, digitalization and intelligent driving. With the vision to empower every vehicle with its automotive computing platform, Horizon provides industry-leading intelligent driving solutions and dedicated support services to ensure customer success. Horizon continuously wins industry recognition and trust with an open and highly collaborative business model. Horizon has shipped over one million Journey® processors, and is on the fast track of commercialization and market share growth.
BYD was the largest NEV seller in China in 2021 with about 600,000 vehicles sold. The collaboration marks another significant milestone in the two companies’ long-term strategic relationship. BYD participated in Horizon’s previous fundraising and was among the first group of top automobile companies that expressed production intent for Journey® 5 processors. Going forward, BYD and Horizon will work closely together to create a safe and comfortable intelligent driving experience for more BYD users and accelerate the development of China’s intelligent vehicle industry.
ABOUT HORIZON ROBOTICS
Horizon Robotics is a leader in automotive-grade computing platforms for intelligent vehicles and was the first Chinese company to commercialize autonomous driving processors. The company’s mission is to create technology that makes human life safer and better, and it hopes one day to empower every vehicle with its computing platform.
Founded in Beijing in 2015, Horizon Robotics develops next-generation technology for smart vehicles by integrating hardware and software, including its proprietary processors, algorithms, development toolkits and automotive software-as-a-service (SaaS), to deliver optimum energy, computing and cost efficiency. Horizon’s solutions power advanced driver-assistance systems (ADAS), autonomous driving and intelligent in-cabin applications. Its flexible business model supports various OEMs, Tier 1s and ODMs’ requirements with SoC, SOM, algorithms, tools and hardware reference designs. Horizon has customized products for key auto makers as well as Tier 1 suppliers, including Audi, BYD, Continental, Li Auto, and SAIC.
The company launched China’s first auto-grade processor Journey 2 in 2019, followed by Journey 3 in 2020, and Journey 5 in 2021. Journey 6 processor family is currently in its final definition stage. Horizon's products, including processors and solutions for autonomous driving and smart cockpit, were mass produced for OMEs in 2020 and are featured in several popular car models in China, such as ChangAn’s UNI-T and UNI-K, and Li Auto’s ONE. Horizon has shipped over 1 million chips as of January 2022.
Horizon employs over 2,000 people, over 70% of whom work in engineering and R&D. Horizon’s investors include Intel and SK Hynix, two of the world’s top three semiconductor giants. Some of its other key investors include large Chinese automotive groups such as SAIC, GAC, Dongfeng Motor, Great Wall Motors and BYD. Apart from those, it has received funding from prominent financial investors, including Baillie Gifford, 5Y Capital, Hillhouse Capital, Sequoia Capital, CPE Capital, IDG Capital, and Yunfeng Capital.