neueHCT, a joint venture (JV) between China’s Horizon Robotics and German auto parts maker Continental AG’s spinoff Aumovio, has raised almost $200 million in financing from investors including Alibaba Group co-founder Jack Ma-backed YF Capital.
neueHCT, which develops intelligent assisted driving products, on Wednesday announced that it has raised new capital from multiple Chinese investors such as YF Capital, Fortune Capital, Chaos Investment, and Hone Capital. Its strategic shareholders Horizon Robotics and Aumovio also invested in the deal.
The deal marks neueHCT’s second funding round after the completion of its first external financing from Hillhouse Investment, CICC Porsche Fund, and the state-owned Zhejiang Provincial Financial Holdings in early 2025.
neueHCT was founded in 2022 as a JV between Hong Kong-listed smart driving solutions provider Horizon Ventures and Frankfurt-based auto tech and electronics supplier Aumovio, which was previously part of Continental AG before its spinoff listing in September 2025. The venture specialises in the R&D of cost-effective intelligent assisted urban driving solutions, mainly targeting budget-friendly passenger vehicle models at prices starting as low as 100,000 Chinese yuan (about $14,300).
Primarily operating from offices in Shanghai, Nanjing, and Beijing, neueHCT has developed a product portfolio centred around its intelligent assisted driving solution HCT Astra, which is designed to navigate complex urban road networks and high-performance ADAS (advanced driver assistance systems) HCT Luna.
neueHCT said it has entered into long-term partnerships to supply its products to more than 10 vehicle models as of present. It is also actively promoting the commercialisation of its solutions across multiple countries and regions globally.
Li Biao, CEO of neueHCT, said the company will invest further in tech R&D to introduce more cost-efficient intelligent assisted driving products that will enable a better user experience.
YF Capital plans to work with neueHCT to speed up its go-global ambitions, said Andrea Dong, executive director of YF Capital. “neueHCT has the potential to grow and expand into the global market in the long run, leveraging Horizon’s end-to-end intelligent assisted driving expertise and Aumovio’s deep industry resources globally.”
