Horizon’s lead grows in smart driving race with new product rollouts
The provider of advanced driver assistance systems (ADAS) and autonomous driving (AD) technology said its revenue rose 53.6% last year Key Takeaways: Horizon Robotics’ revenue rose 53.6% last year, as…
BRIEF: iMotion pursues German automotive electronics acquisition
Smart car technology company iMotion Automotive Technology (Suzhou) Co. Ltd. (1274.HK) said on Friday it has offered to acquire a German “premium developer and series supplier in the field of…
ECARX reports its first profit, expects added revenue from Volkswagen tie-up
The maker of digital cockpits used in smartcars reported its revenue rose 4% in the fourth quarter, as one of its main profit metrics turned positive for the first time…
BRIEF: iMotion raises $10 million in share placement
Autonomous driving technology company iMotion Automotive Technology (Suzhou) Co. Ltd. (1274.HK) announced on Tuesday that it will place 4.43 million new shares at a price of HK$17.58 per share, raising…
WeRide drives into Uber partnership, as U.S. listing plan idles
The robotaxi operator will offer its service to Uber users starting in the UAE, though the pair don’t plan to work together in the U.S. or China for now Key…
BRIEF: iMotion’s shares in motion after inclusion in China connect programs
Autonomous driving technology company iMotion Automotive Technology (Suzhou) Co. Ltd. (1274.HK) announced its shares have been included in Stock Connect programs making them available to traders in Shanghai and Shenzhen…
iMotion stuck with low margins as future hinges on self-developed systems
The autonomous driving company’s revenue grew significantly in the first half of the year, while its gross margins remain meager Key Takeaways: iMotion generated 640 million yuan in revenue in…
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