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Horizon Robotics has launched its Horizon SuperDrive (HSD) urban driving assistance system, set to debut in Chery Automobile’s Exeed SUV in September 2025. The system, designed to mimic human driving behavior, will be available in three versions for different market segments, reflecting China's goal to democratize smart driving technologies across all vehicle price points. With predictions that over 55% of new passenger vehicles in China will feature advanced driving assistance by 2025, the industry is poised for significant transformation.
Horizon Robotics, a Chinese company, has announced a partnership with Volkswagen to develop advanced smart driving technology. This collaboration aims to enhance the capabilities of autonomous driving systems, marking a significant step in the automotive industry's evolution.
Mobile shoot 'em up game Zoppel: The Legend of Furiax is set to launch its alpha test on the Skale network on December 15, marking the beginning of a collaboration between Skale Labs and Sequence to enhance blockchain gaming. Following Zoppel, additional games like Sheertopia and The Last Monarchy will also be supported by this partnership. Meanwhile, CCP Games is offering early access packs for its upcoming space survival game, Eve Frontier, allowing players to engage in its development starting December 10.
Baillie Gifford & Co. and Norges Bank Investment Management participated in Horizon Robotics' $696 million IPO in Hong Kong. Baillie Gifford ordered over $500 million, covering the entire institutional investor portion, though allocations were smaller due to oversubscription.
Horizon Robotics, a Chinese company specializing in autonomous driving systems, has successfully raised HK$5.4 billion ($696 million) through its Hong Kong initial public offering. The shares were priced at HK$3.99 each, at the top of the expected range, after receiving orders for 1.36 billion shares priced between HK$3.73 and HK$3.99.
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baillie gifford and norge invest in horizon robotics hong kong ipo
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03:44 23.10.2024
horizon robotics raises 696 million in successful hong kong ipo
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