Horizon Robotics Achieves Significant Milestones in ADAS and Autonomous Driving

Strategic Insights -

Horizon Robotics, a leading advanced driver assistance systems (ADAS) and autonomous driving (AD) solutions provider, has announced significant milestones in 2024. The company solidified its position as a market leader in China, capturing over 40% of the Chinese OEM ADAS market. In addition, Horizon Robotics achieved strong AD business momentum, ranking second among independent third-party AD solution providers in China, and demonstrated impressive delivery volumes and design-wins.

Key Takeaways:

  • Horizon Robotics captured over 40% of the Chinese OEM ADAS market by the end of 2024, reinforcing its market leadership.
  • The company ranked second among independent third-party AD solution providers in China, with increasing market shares.
  • Delivery volumes of Horizon Robotics' product solutions reached approximately 2.9 million in 2024, with an accumulative delivery of approximately 7.7 million.
  • Over 100 car models achieved design-wins, increasing the cumulative total design-wins to more than 310 car models as of December 31, 2024.
  • The company recorded revenue of RMB2,383.6 million in 2024, with a 53.6% year-on-year growth, and gross profit of RMB1,841.4 million, representing a 68.3% year-on-year growth.
  • Horizon Robotics narrowed its adjusted operating loss by RMB191.8 million compared to last year, demonstrating improved operational efficiency.
  • The company formed a strategic partnership with a leading global tier-one based on next-generation Horizon Mono designs, marking a pivotal step in its globalization.
  • Horizon Robotics introduced the Journey 6 series processing hardware, designed to power its ADAS and AD solutions, and started production in February 2025.
  • The company has partnered with over 20 OEM brands for adoption, including leading Chinese OEMs, global automotive giants, top-tier EV brands, and their affiliate joint ventures.

Statistics:

  • Horizon Robotics captured over 40% of the Chinese OEM ADAS market by the end of 2024.
  • The company ranked second among independent third-party AD solution providers in China.
  • Delivery volumes of Horizon Robotics' product solutions reached approximately 2.9 million in 2024.
  • The company achieved over 100 car model design-wins, increasing the cumulative total design-wins to more than 310 car models as of December 31, 2024.
  • Revenue reached RMB2,383.6 million in 2024, with a 53.6% year-on-year growth.
  • Gross profit was RMB1,841.4 million, representing a 68.3% year-on-year growth.
  • Adjusted operating loss narrowed by RMB191.8 million compared to last year.

Sources:

  • "Horizon Robotics" (2025) - Business Review and Outlook, p. 1-5.