Horizon Robotics reported revenue of RMB1,566.8 million for the first six months ended June 30, 2025, representing a year-on-year increase of 67.6% compared to RMB935.2 million for the same period in 2024. Gross margin for the period was 65.4%. The company recorded a net loss of RMB5,232.98 million for the period, up 2.6% from RMB5,098.11 million in the first half of 2024. The adjusted operating loss was RMB1,111.26 million, an increase of 34.9% from RMB823.98 million a year earlier. Adjusted net loss widened to RMB1,332.50 million, up 65.7% from RMB803.94 million in the prior-year period. The company attributed the increase in research and development expenditure, particularly on cloud-related services, to strategic investments in advanced intelligent assisted driving solutions. According to Horizon Robotics, its shipment volumes more than doubled during the reporting period. The company continues to advance the development of its full-scenario urban-NOA solution, Horizon SuperDrive, which it expects to serve as a technological foundation for future robotaxi operating companies. The company highlighted that the penetration rate of intelligent assisted driving vehicles among Chinese domestic brands increased from 51% at year-end 2024 to 59% in the first half of 2025, with domestic brands securing more than 63% market share in China's passenger vehicle market. Horizon Robotics expects the transition toward advanced intelligent assisted driving solutions to drive further demand for its products and services in the forthcoming period.