Horizon Robotics and Black Sesame Intelligence continue to suffer losses

According to the latest financial reports, the intelligent driving chip companies Horizon and Black Sesame Intelligence are currently in a state of huge losses. Among them, Horizon's operating losses from 2021 to 2023 were 1.335 billion yuan, 2.132 billion yuan and 2.031 billion yuan respectively. Black Sesame Intelligence's operating losses were 723 million yuan, 1.053 billion yuan and 1.697 billion yuan respectively. This situation shows that the competition in the intelligent driving chip industry is very fierce, and companies need to continue to invest a lot of money in research and development and market expansion.