Latest news with #HorizonRobotics
Yahoo
29-07-2025
- Automotive
- Yahoo
Li Auto Debuts Li i8 Electric SUV With Ultra-Fast Charging
Li Auto (NASDAQ:LI) shares gave up their earlier gains on Tuesday following the official launch of its new six-seat battery electric vehicle (BEV) family SUV, the Li i8. Despite marking a significant expansion of the company's EV portfolio and showcasing advanced technology, the announcement failed to sustain the stock's recent upward momentum. Switch Auto Insurance and Save Today! The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Great Rates and Award-Winning Service The company announced that it had officially launched the Li i8, a six-seat battery electric family SUV that redefines family mobility by blending off-road capability, sedan-like handling, and MPV-level marks a bold expansion of the company's EV lineup, with deliveries set to begin on August 20, 2025. Built on Li Auto's new high-voltage BEV platform, the Li i8 features an in-house electric drive system, 5C supercharging battery packs with up to 720 km CLTC range, and access to the largest supercharging network among Chinese automakers. The SUV supports ultra-fast charging, adding 500 km in just 10 minutes. Li Auto engineered the Li i8 with advanced safety systems, including multi-path energy absorption structures, LiDAR sensors, and AES technology. All trims also feature high-level assisted driving systems, Li AD Pro and Li AD Max, powered by Horizon Robotics and Nvidia (NASDAQ:NVDA) chips. The Max trim will also debut Li Auto's proprietary VLA driver model with AI-powered reasoning and memory. Inside, the Li i8 delivers a smart, spacious, yacht-inspired cabin equipped with the intelligent Li Xiang Tong Xue Agent. Powered by MindGPT, the agent can operate nearly all vehicle functions, execute complex tasks like scanning QR codes or food pickups, and adapt to individual users with Face ID and personalized memory. Li Auto also announced a brand upgrade, pledging to create high-quality, private in-car spaces for families. However, the excitement surrounding the new model contrasts with a slowdown in the company's overall performance. Li Auto reported a year-over-year decline in June 2025 deliveries, which totaled 36,279 units, a 24.1% decrease amid intensifying competition in China's electric vehicle market. Despite this, the company managed to surpass its revised second-quarter guidance, delivering 111,074 vehicles, a modest 2.4% increase from the same period last year. Li Auto had lowered its second-quarter forecast in late June, citing temporary disruptions caused by sales system upgrades. Nonetheless, it outperformed expectations, with cumulative deliveries reaching 1.34 million by the end of June. The recent slowdown in deliveries and heightened competitive pressures coincide with the market entry of more affordable electric SUVs, notably Xiaomi's (OTC:XIACY) YU7. This has intensified pricing and market share battles across China's dynamic EV landscape, impacting established players like Tesla (NASDAQ:TSLA) and Li Auto alike. Price Action: LI stock is trading lower by 5.75% to $27.50 at last check on Tuesday. Photo by Robert Way via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Li Auto Debuts Li i8 Electric SUV With Ultra-Fast Charging originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
21-07-2025
- Automotive
- South China Morning Post
Chinese self-driving firm iMotion eyes robotics business after unveiling refinancing plan
Chinese self-driving system developer iMotion Automotive Technology has taken a step to strengthen its fledgling robotics business with plans to manufacture key components for industrial robots. On Monday, the Suzhou-based firm said it would collaborate with Horizon Robotics, a maker of artificial intelligence (AI) chips for autonomous driving cars, to develop the iMotion iRC100 robotic controller, which is responsible for directing the movements of industrial robotic arms. A robotic controller, a computer system that connects to a robot, is often described as the brain of a robot. iMotion's diversification effort came just a week after it unveiled a refinancing plan under which it would sell 15.5 million Hong Kong-listed shares at HK$15.22 (US$1.94) each to raise a total of HK$230.7 million. 'The iRC100 will deliver a full-stack solution encompassing hardware design and manufacturing, basic software systems, middleware frameworks, and AI model deployment capabilities,' iMotion said in a filing to the Hong Kong stock exchange. The company added it would be able to provide tailor-made products and technologies to customers.
Forbes
20-06-2025
- Business
- Forbes
China Market Update: Middle East Cool Off Heats Up Hong Kong, Week In Review
CLN Asian equities were mixed overnight following yesterday's Trump's Middle East escalation language, which sent risk assets down the elevator. President Trump appears to be giving the Iranian government time to negotiate. The US dollar was mixed versus Asian currencies, though the renminbi/CNY closed below at 7.17 as the PBOC kept the 1 and 5 Year Loan Prime Rate at 3% and 3.5% as expected. Summer is officially here for traders as S&P and FTSE indices rebalance today, with the latter experiencing elevated volumes across the region as Hong Kong, South Korea, and India outperformed. FTSE's decision to upgrade South Korea to developed markets creates a significant performance disparity from MSCI's emerging markets index. Long MSCI EM and short FTSE EM would be a fun trade to play South Korea's massive rebound. Alibaba +1.55% was Hong Kong's most heavily traded stock as the company saw its FTSE weight increase, as volumes doubled from yesterday. Alibaba announced 453 brands sold more than RMB 100mm worth of goods during the 618 (June 18th) E-Commerce event. There was a lot of chatter about the government replenishing local government consumer subsidy funds after strong demand, which led to depletion in several cities. Horizon Robotics (9960 HK) fell by 1.86% despite being added to the FTSE indices, though the intraday chart shows the power of passive as massive block trades occurred at the close. Competitor Unitree appears closer to an Hong Kong IPO after another funding round. Mainland-listed soy sauce maker Foshan Haitian Flavouring & Food Co. relisted on the Hong Kong Exchanges today after raising HK $10.1B ($1.3B). High flyer Pop Mart -3.62% was clipped. While Hong Kong had a strong day following yesterday's debacle, Mainland China was off with index heavyweights such as banks, insurance, liquor, and telecom outperforming, which kept indices from falling further. Shipping and port stocks rebounded in hopes that Middle Eastern tensions would cool off. Otherwise, relatively quiet! New Content Read our latest article: Navigating Global Crosswinds: Carbon Markets Respond to Tariff Tactics and Executive Orders Please click here to read Chart1 Chart2 Chart3 Chart4 Chart5 Chart6
South China Morning Post
12-06-2025
- Business
- South China Morning Post
Horizon Robotics plans to raise US$595 million in Hong Kong share placement
Horizon Robotics, which makes artificial intelligence chips for self-driving cars, plans to raise around HK$4.67 billion (US$595 million) with a share placement, as it looks to grow its business and fund more research and development efforts. In a filing with Hong Kong's stock exchange on Thursday, the company said it would sell 681 million existing Class B shares at HK$6.93 each. Current shareholders, including 5Y Capital, Morningside China TMT Fund and HRRB Holdings agreed to sell shares to at least six independent investors through a book-building process managed by Goldman Sachs, Morgan Stanley and UBS, Horizon said. On Wednesday, Horizon shares closed at HK$7.44 a share. The 681 million shares represented about 5.2 per cent of the company's share capital, about 2.1 per cent of the voting rights in the company's issued share capital and 4.9 per cent of its enlarged share capital after the issuance of the stock. The company said around 70 per cent of the proceeds would be invested in research and development over the next five years, with the remainder earmarked for sales, marketing and joint ventures, including its Carizon partnership with Volkswagen. Shareholders and potential investors were advised to exercise caution regarding the deal's completion.
Top Gear
08-05-2025
- Automotive
- Top Gear
Volkswagen is putting AI-powered driver assistance into its Chinese EVs
Tech VW unveils AI-powered ADAS system for next-gen EVs at Auto Shanghai 2025 Skip 1 photos in the image carousel and continue reading VW is stepping up its autonomous driving game in China. It's readying a fancy AI-based driver assistance suite underpinned by a self-developed chipset for its next-generation electric cars. For the last 18 months, the clever folk at Carizon – a joint venture between China's Horizon Robotics and VW's Cariad software division – have been developing a platform called 'Gaia' that ingests data like a gannet and spits out AI solutions 20 times faster than a conventional data analysis engine. Advertisement - Page continues below When it comes to training autonomous driving programmes, that's fast. And having covered over 62,000 miles of testing in that short space of time, AI has enabled Carizon to train vehicles to navigate complex traffic situations in a more human-like manner. No, that doesn't mean the system flaps and freezes. Instead, the system can keep its cool under pressure, and is now sufficiently capable to be integrated into VW and Audi EVs for the Chinese market from next year. You might like Volkswagen Group board member for China Ralf Brandstätter, said: 'The rapid progress in developing our new ADAS system highlights Carizon's technical capabilities and developing cutting-edge technology locally - at 'China Speed' - tailored to our Chinese customers, with the highest standards in driving performance, safety and quality.' According to Carizon's figures, 25 per cent of new cars in China use Level 2 autonomous driving capabilities – that's a US-designated label to denote a car that can provide 'steering and braking support to the driver, alongside lane centering'. Carizon wants to get to L2++. Advertisement - Page continues below Why not call it L3? That's because Level 3 sees the car legally take over in limited conditions, like low-speed traffic jams, and give control back to the driver appropriately. Carizon chief Marcus Hafkemeyer, said: 'With a team of 500 local ADAS experts and the consistent integration of AI in the development process, we will bring Level 2+ ADAS to the road. Level 2++ ADAS with Urban Navigate on Autopilot (NoA) is in advanced testing and will be launched in 2026. This will also enable us to lay the technological foundations for a fast-track evolution towards Level 3.' More as we get it. Thank you for subscribing to our newsletter. Look out for your regular round-up of news, reviews and offers in your inbox. Get all the latest news, reviews and exclusives, direct to your inbox.
