Horizon Robotics and Hello Inc. will collaborate to develop cost-efficient and highly reliable intelligent driving technologies, accelerating the commercialization of Robotaxi services.
On September 26, Chinese AI Chipmaker Horizon Robotics announced in a filing to the Hong Kong Stock Exchange (HKEX) that it had placed approximately 639 million shares at HK$9.99 ($1.28) per share, raising net proceeds of about HK$6.34 billion ($8.15 billion).
The placement price represents a discount of roughly 5.75% compared with the closing price on September 25.
According to the announcement, the proceeds from this fundraising will be directed toward three primary areas: first, accelerating overseas expansion and promoting large-scale deployment of mid- to high-level advanced driver-assistance solutions; second, entering emerging fields including Robotaxi; and third, making strategic investments in upstream and downstream partners.
In fact, Horizon Robotics’ ambitions in the Robotaxi sector have already been evident. On September 11, during the 2025 Inclusion·Bund Conference, the company signed a strategic cooperation agreement with Hello Inc., formally entering the Robotaxi market.
The agreement outlines that both parties will collaborate under a “technology base company + operator” model to jointly develop intelligent driving technologies that are low-cost, highly safe, reliable, and widely accessible, thereby accelerating the commercialization of Robotaxi services.
The announcement also disclosed the detailed allocation of funds raised from Horizon Robotics’ initial public offering (IPO).
Specifically, the IPO brought in HK$5.873 billion ($7.55 billion). About 70% of this amount, or HK$4.11 billion ($5.75 billion), was invested in research and development, covering core areas such as advanced driver-assistance systems. The remaining 30% was allocated to marketing, strategic investments in partner enterprises, and Horizon Robotics’ general operations.
It is also noteworthy that Horizon Robotics’ moves are not confined to its own business expansion. Just yesterday, when Chery Automobile was listed on the main board of the HKEX, Horizon Robotics appeared as a cornerstone investor.
The collaboration between the two companies has already borne fruit: the Exeed ET5, unveiled at the 2025 Chengdu Auto Show, became the world’s first model equipped with Horizon Robotics’ Journey 6P chip and its HSD urban-assisted driving system.
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