Mainland smart chip company Horizon said that after strategic investment from BYD (01211.HK), the two sides have reached strategic cooperation to jointly expand automotive smart chip technology, accelerate the deployment of smart driving cutting-edge technologies, and advance the R&D and mass production of smart cars.
BYADI CHAIRMAN AND PRESIDENT WANG CHIEFU SAID THAT HORIZON IS AN INDUSTRY-KNOWN AI CHIP COMPANY THAT DRIVES ELECTRIC VEHICLES TOWARDS SMARTER DEVELOPMENT. IN THE FUTURE, BYADI AND HORIZON WILL FOCUS THEIR RESOURCES TOGETHER TO FIND MARKET PAIN POINTS AND QUICKLY LAND MORE POPULAR PRODUCTS.