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Horizon Robotics Hands Its Own CEO the Keys to Prove a Chip Milestone
Horizon Robotics shipped its 15 millionth Journey smart-driving chip into a FAW-Volkswagen ID. AURA T6, with data showing it now holds over 50 percent of China's domestic ADAS chip market.
Horizon Robotics Raises US$450 Million at Zero Interest, and Most of It Is Already Spoken For
Horizon Robotics has priced US$450 million of zero-coupon convertible bonds due 2031, with conversion set at HK$5.55 per share, its third major capital raise since listing in Hong Kong. Investors are lending the smart-driving chip maker half a billion dollars for free, in exchange for the right to convert into equity at a premium, a structure that signals credit-market conviction in the sector’s upside. Proceeds fund research, the CARIZON joint venture with Volkswagen’s CARIAD, and a war chest that positions Horizon as a buyer when the sector’s predicted consolidation arrives. The deal marks a maturing funding channel: listed robotics platforms now out-raise their private rivals on speed and price. ________________________________________
TARS and Tianhai Electronics Deploy Embodied AI Robots on Automotive Wire Harness Lines in a Global First
Embodied intelligence startup TARS (它石智航) has signed a strategic cooperation agreement with Tianhai Automotive Electronics Group (THB Electronics) to deploy 100 A-series robots on automotive wire harness assembly lines at an Aptiv-affiliated factory in Jiading, Shanghai. The deployment covers 8 production processes, 33 application scenarios, and 46 workstations, representing a significant milestone in automating complex flexible material manipulation. The roadmap targets a 10,000-unit industrial ecosystem by 2028.
Wujie Power Secures Over USD 200 Million in Angel Round to Advance Embodied AI General Brain
Wujie Power, a Chinese embodied AI startup founded in 2025 by veterans of Horizon Robotics and Li Auto, announced on June 26 that it has completed an angel round of over USD 200 million. The round was led by JD.com-affiliated funds, C Capital, Hony Capital, and Fengyuan Investment, with existing backers Sequoia China and Linear Capital following on. The company has already secured nearly USD 100 million in global orders within its first year, and its second-generation robot K15 has entered mass production. The raise signals growing institutional conviction that the intelligence layer, not the robot body, will capture the most value in the physical AI market.
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LEADERSHIP
Oliver Blume, Thomas Schäfer (Chairman of the Board of Management) Arno Antlitz (CFO and COO)