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Horizon Robotics, a Chinese company specializing in semiconductors for autonomous driving, has received regulatory approval for an IPO in Hong Kong. The company, valued at nearly $9 billion, saw a 71% increase in revenue and a narrowed net loss in 2020. Its clients include major car manufacturers such as Audi, Volkswagen, and Hyundai. Other Chinese autonomous driving companies have also recently gone public, reflecting the country’s efforts to develop this technology.
