➀ Horizon Robotics, a leading provider of advanced driver-assistance systems (ADAS) and autonomous driving solutions, has received approval from the China Securities Regulatory Commission for its Hong Kong IPO. ➁ The company's last round of funding in September 2022 valued it at approximately $87.1 billion. ➂ Horizon Robotics offers a comprehensive suite of solutions including Horizon Matrix Mono, Pilot, and SuperDrive, catering to various levels of ADAS and AD needs. ➃ Despite significant investment in R&D leading to cumulative losses of $1.75 billion over three years, the company maintains high gross margins and strong cash reserves. ➄ Horizon Robotics has partnerships with major Chinese OEMs and has achieved substantial market penetration in the ADAS and AD sectors.