Horizon Robotics, which recently secured Series C preferred stock funding with participation from a financial group, announced the successful early tape-out of its third-generation automotive-grade product, the Journey 5 series chip, designed for L4 autonomous driving. This marks a significant breakthrough for Horizon Robotics, breaking the relative monopoly of Tesla and Nvidia in automotive AI chips and making it the fourth company globally to achieve automotive-grade standards and mass production of automotive AI chips for pre-installation.

As the only domestic company to achieve mass production of automotive-grade AI chips for pre-installation, Horizon Robotics possesses the capability to independently develop edge AI chips and solutions that combine extreme performance with openness and ease of use. From the mass production of China’s first automotive-grade AI chip, Journey 2, in 2019, to the launch of its second-generation automotive-grade chip, Journey 3, in 2020, each generation of Horizon Robotics’ chips has received strong positive market feedback and commercial validation. With the launch of the Journey 5 series, Horizon Robotics has become the only provider in the industry offering full-scenario intelligent chip solutions for vehicles, covering L2 to L4 autonomous driving.

Since last year, the financial group has adhered to the concept of “prudent compliance and steady development,” insisted on promoting high-quality development through high-quality investment, continuously strengthened its core capabilities in investment research and risk control, and deeply explored high-quality projects at home and abroad through solid professional foundation and keen investment vision. It has reserved and invested in a number of projects with high technological content, strong synergy effect and great development potential, such as Horizon Robotics, thereby leveraging the driving role of large-scale project investment on enterprises and continuously improving the company’s profitability.