Horizon and Momenta Reveal Diverging Growth Paths
💡Two leading Chinese autonomous-driving suppliers reveal how hardware platforms and reusable software scale differently.
⚡ 30-Second TL;DR
What Changed
Horizon Robotics generated RMB 2.055 billion in first-half revenue, up 32.9%, with a 66% gross margin.
Why It Matters
The results highlight two viable commercialization models for third-party autonomous-driving suppliers: platform and chip monetization versus reusable software delivery at scale. For automakers and ecosystem partners, vendor selection should consider not only technical capability but also deployment economics and long-term margin scalability.
What To Do Next
Benchmark HSD and MSD on your target vehicle stack using total deployment cost, integration effort, licensing terms, and expected per-vehicle software reuse.
Key Points
- •Horizon Robotics generated RMB 2.055 billion in first-half revenue, up 32.9%, with a 66% gross margin.
- •Momenta generated RMB 1.602 billion, up 75.9%, with a 73.2% gross margin and adjusted losses narrowed to RMB 14.1 million.
- •Horizon’s licensing and services revenue rose 52.7% and became 55% of total revenue, overtaking product solutions.
- •Momenta’s mass-production projects increased by approximately 321,000 vehicle installations, up 83.7% year over year.
- •Both companies remain heavily invested in R&D, but Momenta’s revenue growth is beginning to cover its development spending more effectively.
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Original source: 虎嗅 ↗
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