Horizon (09660) and the joint venture company neueHCT of Olmo Group have completed nearly $200 million in financing to accelerate the global implementation of smart driving for all.

On December 31, 2025, the intelligent driving continent neueHCT completed nearly $200 million in financing. This round of financing was jointly invested by leading industry capital and market-oriented funds such as Yunfeng Fund, Dacheng (Dacheng Financial Intelligence, Guochen Venture Capital), Chaos Investment, Bi Hong Investment, and Ningbo Tongshang Fund (Yongning Gaoxin Fund), with strategic shareholders Continental Group (formerly Continental Group's Automotive Subgroup) and Horizon (09660) continuing to invest. Following the first round of market-oriented financing in early 2025 by Gao Ling Investment, CICC Porsche, and Zhejiang KIndustry Control, the company once again received intensive recognition from investment institutions, highlighting the company's technological strength and commercial potential. With the development of the global intelligent automobile industry and breakthroughs in intelligent driving technology, intelligent driving suppliers are facing structural opportunities. As a technology company jointly initiated by Horizon and Continental Group, neueHCT upholds the mission of "intelligence driving equality, making travel safer and more convenient," and adheres to the vision of "bringing leading intelligent driving products to every corner of the continent" to serve global OEM customers. Assisted driving product matrix of neueHCT Intelligent Continent Based on core technological accumulation, the company has built a product matrix of "XingHCT Astra urban intelligent assisted driving + HaoYue HCT Luna high-performance ADAS solutions", among which the new generation of XingHCT Astra one-piece end-to-end system, adapting to complex urban road conditions with a human-like driving experience, making the convenient urban assisted driving popular in the 100,000-yuan level cars. In 2025, the company has secured over 10 car models for cooperation, highlighting the efficiency of commercial landing. Meanwhile, the company has achieved commercial breakthroughs in overseas markets, conducting product validation in multiple countries and regions to promote the globalization and accessibility of intelligent assisted driving technology. Andrea, Executive Director of Yunfeng Fund, said: "Yunfeng Fund is optimistic about neueHCT as a platform company jointly created by Horizon and Continental Group with the potential for long-term development and expansion in the global market. With Horizon's leading end-to-end intelligent assisted driving technology capabilities and Continental Group's abundant global industrial resources advantage, neueHCT has quickly secured multiple car models in the domestic market and achieved mass production breakthroughs in overseas business, laying a solid foundation to become a leading global company in the intelligent driving field. Yunfeng Fund looks forward to cooperating with neueHCT to accelerate the scale landing of globally competitive intelligent assisted driving solutions." Junjie, Investment Director of Dacheng Financial Intelligence, said: "As an investor in this round of financing for neueHCT, we are pleased to participate in the development of this highly promising intelligent driving enterprise. Since its establishment, neueHCT has rapidly grown into an influential integrated software and hardware solutions provider in the industry with a deep industrial background, leading technological architecture, and global business layout. Currently, neueHCT has covered the L2 to L2++ level 'HaoYue HCT Luna high-performance ADAS solution' and 'XingHCT Astra urban intelligent assisted driving solution', providing customers with full-stack solutions directly in the country and completing data loops in multiple locations overseas with several international car manufacturers' mass production." Jianwei, Equity Investment Director of Chaos Investment, said: "Chaos Investment has been paying close attention to technological changes and investment opportunities in the field of intelligent driving for a long time. The industry, after ten years of technological iterations and breakthroughs, is ushering in its own era of industrial revolution. With its fully stacked software and hardware integrated technology capabilities, neueHCT provides highly competitive intelligent assisted driving products, while also having a global perspective, rich global business resources, and supply chain management experience. We believe that neueHCT will definitely become a global leader in intelligent driving equality, bringing ultimate experience of intelligent assisted driving products to every corner of the world, benefiting thousands of households, making everyone's travel safer and more convenient." A representative from Ningbo Tongshang Fund said: "As the largest private equity investment institution in Ningbo, Tongshang Fund manages the Ningbo Yongning Gaoxin Fund, which strategically invests in emerging technology companies globally. Through our contact with the company, we have seen neueHCT as a joint venture between Horizon and Continental Group, making full use of the resources of its parent companies to iterate rapidly. Its intelligent driving technology performance, highly competitive products, and global commercial progress have left a deep impression on us. We not only appreciate this young technology team, but also deeply acknowledge the joint efforts of the two parent companies in creating a new model of Sino-foreign joint ventures in the market. We have reason to believe that the commercialization process of neueHCT will have a milestone significance in the wave of Chinese companies 'going global'." CEO of neueHCT, Li Biao, said: "The successful completion of this round of financing not only brings dual empowerment of capital and strategic resources to the company but also demonstrates the market's recognition of our technical roadmap and commercial abilities. We thank investors and industry partners for their recognition and support of neueHCT's technical roadmap. In the future, the company will continue to deepen its technology, focusing on customer needs and user experience, driving the landing of more cost-effective intelligent assisted products and allowing global users to enjoy the safety and convenience brought by intelligent assisted driving, fulfilling the strategic vision of 'bringing leading intelligent driving products to every corner of the continent'."