On January 8, Youjia Innovation introduced that its cornerstone investor Horizon Robotics, by means of its wholly owned subsidiary Horizon Collectively Holding Ltd., bought a complete of 688,200 H shares on the open market.
The announcement acknowledged that the acquisition displays Horizon’s long-standing confidence in Youjia Innovation’s enterprise outlook and its intention to additional advance collaboration in L4 autonomous logistics automobiles. The board of Youjia Innovation described the transfer as a powerful sign of confidence within the firm’s long-term growth.
Not too long ago, Youjia Innovation launched a RMB 200 million (approx. USD 27.6 million) share repurchase program, whereas its controlling shareholders prolonged their lock-up durations. Area controllers developed by Youjia primarily based on Horizon’s chips have already entered large-scale OEM mass manufacturing.
The partnership between the 2 corporations has expanded from L2 driver help methods to L4 autonomous logistics options. Horizon has additionally beforehand participated as a cornerstone investor in IPOs of Chery Vehicle and Botai Automotive Connectivity, amongst others.
Supply :IPOzaozhidao
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