Hangzhou Liuma Ruichi Technology

Hangzhou Liuma Ruichi Technology, operating as ihorseai, is a high-tech enterprise established in 2017, focusing on the development and mass production of advanced driver-assistance systems (ADAS) and autonomous driving solutions. The company was founded by Yu Hongxiao, a returning overseas PhD, who brings a strong technical background to the firm's leadership. Headquartered in Hangzhou, ihorseai has expanded its footprint with research centers in Beijing and Guangzhou, and established production bases to form a group-scale company in 2022.

The firm operates in the automotive technology sector, providing full-stack autonomous driving solutions to passenger and commercial vehicle manufacturers and their tier-one suppliers across China. Its business model is centered on the research, development, production, and sale of both the hardware and the underlying software algorithms for intelligent driving systems. The company generates revenue through the sale and integration of these systems into vehicles. ihorseai has secured significant funding to fuel its research and development, including a Series A round of nearly CNY 100 million (approximately USD 14 million) in December 2022, led by Beijing Zhongguancun Development Frontier Enterprise Investment Fund.

ihorseai's core product offerings encompass L0-L2 level assisted driving solutions, with a notable specialization in parking-related technologies. A key achievement was the 2019 mass production of what it describes as the world's first integrated fully automatic parking product, which utilizes a fusion of surround-view cameras and ultrasonic sensors. The company offers an Automated Parking Assist (APA) system that detects various parking space types (vertical, horizontal, and angled) and autonomously controls the vehicle to park efficiently. Furthermore, its Autonomous Valet Parking (AVP) system allows a driver to leave their vehicle at a designated drop-off point, after which the car independently finds a parking space and parks itself. The software algorithms for its autonomous valet parking system were featured in the Geely Xingyue L, which launched in July 2021.

Keywords: autonomous driving, advanced driver-assistance systems, ADAS, automotive technology, intelligent parking, automated parking assist, APA, autonomous valet parking, AVP, computer vision, sensor fusion, automotive software, smart mobility, commercial vehicle automation, passenger car automation, driving solutions, full-stack algorithm, Yu Hongxiao, vehicle technology, Hangzhou