Intron Technology Subsidiary G-Pulse and Haomo.AI Forge Strategic Partnership - To Start in-depth Cooperation on highly Competitive Mass Production Solution for ADAS Domain Control Unit


(30 June 2023, Hong Kong) - Intron Technology Holdings Limited ("Intron Technology" or the "Group"; HKEX: 1760), a leading automotive electronics solutions provider in China, announced today that its wholly-owned subsidiary  Shanghai G-Pulse Electronics Technology Company Limited has signed a strategic cooperation agreement with Haomo.AI Technology Co., Ltd. ("Haomo") recently, with the two parties reaching a deep cooperation on the development of a highly competitive intelligent driving mass production solutions for ADAS Domain Control Unit based on the Journey® 3 chips. Intron Technology will provide solutions including hardware, service supporting and manufacturing, leveraging both parties' strengths to step on intelligent driving projects together.

Mr. Zhang Kai, Chairman of Haomo (Left) and Mr. Sam Qin, Vice President of Intron Technology

This cooperation aims to give full play to Intron Technology's hardware design capability and engineering services, as well as Haomo's advantages in data directed driving and urban navigation assisted driving scenarios. As the preferred hardware partner of Haomo's Journey® 3 ADAS Domain Control Unit platform, Intron Technology will play an essential role in the mass production projects of future intelligent driving collaboration. It will be responsible for intelligent driving projects hardware design and manufacturing in accordance with the definition of specification of requirements (SOR) and the agreed principles between the two parties. The cooperation is expected to cover product development and supporting services in association with auto-driving and intelligent driving system architectures and hardware architecture. The first joint attempt will be of ADAS Domain Control Unit, followed by continual launch of more intelligent driving products that come with competitive price and high performance.

Apart from having relatively rich industrial resources and advantages in their respective fields, the two companies also share the same vision on the future development trend of the intelligent vehicle industry, especially in terms of products and services for mass production. In the future, their senior management will communicate in greater depth and collaborate more frequently and effectively on key areas of technical cooperation, major joint projects and their implementation.

ADAS Domain Control Unit equipped with Journey® 3 of Horizon Robotics, for L2+ and L2 NOH scenarios

China is having a greater weight on the global automobile market. Riding on the tide of localization, intelligent driving market is under rapid growth, and mass production with local intelligent hardware and software products is becoming mainstream. Among all the outstanding local intelligent driving solution providers, Intron Technology, as an official authorized hardware Independent Design House (IDH) partner of the autonomous driving chip provider Horizon Robotics, is the only partner capable of offering solutions that fully cover Horizon Robotics' Journey® series. With forward-looking business plans, solid technical expertise and engineering and industrialization capabilities, Intron Technology has won the long-term trust of customers in the past two decades since foundation.

Haomo is an AI technology company focusing on autonomous driving. In the past three years since it was founded, it has ranked first in mass production of autonomous driving in China. To date, Haomo HPilot has been installed in close to 20 models of such vehicle brands as WEY, Tank, ORA and Haval. Its industry-first perception-focused urban Navigation On HPilot (NOH) has been introduced to cities such as Beijing, Baoding and Shanghai, and general testing has started in other cities. In April 2023, Haomo released HAOMO DriveGPT, the industry's first generative transformer for autonomous driving, and unlocked cooperation. The parameter production scale reached 120 billion units.

Mr. Sam Qin, Vice President of Intron Technology, said, "We are pleased to have Haomo as a strategic partner to partake in developing China's local automated & connected vehicles solutions; we are honoured to witness the market growing into commercialization and mass production stage. Haomo has held fast to its business goals and directions, and its superfast growth and innovative spirit are rather impressive. We believe our technical capabilities and edge in commercialization make powerful complement to Haomo's capability, and cooperation between the two parties will notably speed up large-scale mass production of high-standard intelligent driving products in China."

Zhen Longbao, CIO of Haomo, said, "With the penetration rate of intelligent vehicles increasing continuously, the development of ADAS Domain Control Unit solutions has gradually moved from for high-end auto models to lower-end models. We are very pleased to have Intron Technology become the preferred hardware partner of Haomo for its Journey®3 ADAS Domain Control Unit platform. We look forward to developing intelligent driving products of high performance to price ratio and high competitiveness, ultimately giving us stronger market competitiveness to help promote prosperous development of the intelligent vehicle industry."

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About Intron Technology Holdings Limited (英恒科技控股有限公司)
Intron Technology Holdings Limited is a leading automotive electronics solutions provider in China focuses on providing solutions targeting critical automotive electronic components applied in New Energy, Automated Driving, Connectivity, Body Control, Safety and Powertrain systems. The Group utilises its research and development and engineering capabilities to provide solutions incorporating advanced semiconductor devices to help OEMs achieve industry leading performance. Intron Technology has been included in the MSCI China Index from 30 November 2022.

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