Horizon Robotics · 北京地平线机器人技术研发有限公司
Fabless
Chinese name: 北京地平线机器人技术研发有限公司 (Běijīng Dìpíngxiàn Jīqìrén Jìshù Yánfā Yǒuxiàn Gōngsī)
Founded July 2015; listed on the Hong Kong Stock Exchange (9660.HK, entered the Hang Seng Tech Index March 2025 and the blue-chip Hang Seng Index itself at ~0.5% weight by the August 2026 review), one of the clearer success cases of a Chinese fabless firm reaching volume automotive design wins without an Entity List designation. Full-year 2025 revenue reached ¥3.758 billion (+57.7% YoY), while R&D spending grew even faster, up 63.3% to ¥5.154 billion — deliberately outspending revenue growth. H1 2026 (HKEX interim, 31 August) revenue was ¥2.055 billion (+32.9% YoY) with ¥1.356 billion gross profit (66% margin), licensing/services ¥1.129 billion (+52.7%) and chip shipments 2.218 million sets; the cumulative Journey milestone passed 15 million chips in September 2026, ~500 lifetime vehicle design wins, and city-NOA installed share rose to 22.8% (No. 2 behind Nvidia). VW/CARIAD converted early to become a ~9.9% strategic shareholder (closed 3 August 2026), with the Carizon joint venture’s full-scenario AD (Journey 6 + HSD) entering mass production across seven new VW-group EV models; HSD V2.0’s active-use ratio exceeds 88% of equipped vehicles, the cockpit-driving fusion ‘星空’ SoC targets Q4 2026 production, and Journey 7 tape-out is expected around Q2 2027.
What does this firm design?
Automotive-grade processors and the accompanying software platform for intelligent/autonomous driving systems.
Key Facts
| Category | Fabless |
| Founded | 2015 |
| Location | Beijing, Beijing Municipality |
| Product Focus | Automotive-grade AI processors for intelligent driving and ADAS |
| Node Sophistication | Not disclosed |
| Entity List | No |
| Last Verified | Newest source dated 02 Sep 2026 (5 sources) |
Design Score
4.5/5
Sources
- 赋能高质量发展 中信建投助力地平线港股上市 (中国证券报) (25 Oct 2024)
- 地平线的2025年:收入和亏损都扩大了 (第一财经) (20 Mar 2026)
- 地平线半年业绩预告:营收高增、账面“浮盈” 经营亏损小幅扩大 (财联社) (21 Jul 2026)
- 地平线机器人2026半年报:营收、毛利双增 (经济参考网 via 同花顺) (02 Sep 2026)
- 地平线机器人2026中期业绩公告 (HKEXnews) (31 Aug 2026)