1. Introduction to the Project

1.1 Introduction to technical achievements

The automatic wheel is a modular technology developed by Professor Jin Liqiang’s research team after more than 10 years of research and development, which efficiently integrates braking, driving, steering and suspension systems. It enables cars to travel in any direction in a straight line, including some functions such as lateral movement, oblique movement, turning in place, and angle turning, while also solving safety issues during high-speed driving. With the implementation of Changchun’s technology innovation driving strategy, a small trial has been completed.

1.2 Technical analysis and advantages

1.2.1 Core technical analysis

The core technology of this project is the configuration and core assembly of automatic wheel products, including the automatic wheel assembly, main steering assembly, electronic mechanical brake, fully active suspension and chassis system comprehensive control technology, etc.

1.2.2 Technological innovation and advantages

The project technology has been applied for more than 100 patents and more than 40 have been authorized, forming a patent protection barrier. The intelligent driving chassis control technology is an intangible asset that has formed a technical threshold in terms of safety, stability, and high performance after years of research and development. At the same time, the technical team has also planned a new direction for technological innovation, with the potential to lead its peers for 3-5 years within 20 years.

1.3 Main products and applications of technical achievements

The application field of this technology covers automatic wheel modules for vehicles of all levels; the core assembly of the automatic wheel system includes EMB, low-cost air-cooled motor, main steering and fully active suspension, etc.; full line control chassis with intelligent mobility capabilities customized; chassis domain control system.

1.4 Technical achievement commercialization and market promotion

1.4.1 Stage of technological achievements

A small trial has been completed. The automatic wheel intelligent driving chassis industrialization project has been included in the major achievement commercialization projects supported by Changchun Municipal Government.

1.4.2 Technical achievement marketing promotion plan

Product differentiation strategy: through technological innovation, the automatic wheel intelligent driving chassis technology has competitive advantages in performance, safety, stability, and other aspects to meet the needs of different customer groups.

Comprehensive promotion strategy: combining online and offline resources, it expands the market influence of the automatic wheel intelligent chassis technology through various forms such as media coverage, industry exhibitions, and online promotion.

Key customer strategy: targeting key customers, it provides customized services, strengthening communication and exchange with customers, and improving customers’ satisfaction and loyalty.

Policy utilization strategy: it closely follows the national policy direction, actively applies for government subsidies and project support, etc., reduces product costs, and improves the market competitiveness.

1.5 Technical team

Professor Jin Liqiang’s team has been deeply cultivated in the field of new configuration innovation and chassis control of electric drive vehicles for many years, mastering multiple key core technologies. Currently, they have successfully developed the automatic wheel technology that integrates steering, braking, driving, and suspension, and developed a multi system integrated intelligent chassis domain controller, which has been applied in real vehicles. It has over 40 invention patents and have undertaken multiple national and provincial-level research projects. Currently, it is undertaking one of the national key research and development projects (14 million), and this project is also one of the national level industrialization projects for research results. Jin Liqiang, as the person in charge, has collaborated with multiple domestic OEMs and backbone component factories to develop the chassis dynamics control technology, with a cooperation budget of over 60 million yuan. The technology achievement industrial commercialization project developed by Professor Jin Liqiang’s team has formed a brand effect in the industry.

2. Market Potential Analysis

The automatic wheel intelligent driving chassis technology is a key executive component for electric vehicles entering the era of intelligent autonomous driving. From fuel powered vehicles to new energy vehicles, the innovation of chassis systems stems from changes in power forms. Its transmission mechanism has shifted from mechanical transmission to electrical signal transmission, and its load-bearing objects have expanded from being mainly based on power systems to carrying intelligent cabins, autonomous driving and power systems. When carrying out driving tasks, the chassis also transforms from the previous passive execution to the ability to actively recognize the road environment, predict and control the interaction between wheels and the ground, and implement self-management of vehicle operation status. The hardware upgrading of the execution layer and decision-making layer of the chassis system is the only way to achieve advanced autonomous driving of electric vehicles.

In 2022, China sold a total of 5.674 million new energy passenger vehicles, a year-on-year increase of 90.0%. The retail penetration rate of new energy passenger vehicles was 27.6%, a year-on-year increase of 12.6 percentage points. It is expected to reach over 8 million vehicles by 2023. In 2023, the global sales of electric vehicles reached 10 million units, accounting for 14% of the total new car sales for the year. Based on a 1% penetration rate, there is a demand for nearly 100000 vehicles annually. With a 30% growth rate, the market space for 2025 is nearly 200000 vehicles, with a demand for 800000 sets of automatic wheel modules and a market value of nearly 10 billion. By 2030, there will have been a demand for 700000 vehicles, nearly 3 million sets of automatic wheel modules, and a market value of over 30 billion.

The automatic wheel intelligent driving chassis technology has a wide market prospect. With the development of the automotive industry, electrification, intelligence, and autonomous driving technology have gradually become mainstream trends, which has made the automatic wheel intelligent driving chassis technology increasingly popular in the market. This technology can improve the safety, comfort, and fuel economy of cars, bringing consumers a better driving experience.

Firstly, the automatic wheel intelligent chassis technology has the enormous market potential in the field of new energy vehicles. With the popularization of electric vehicles, consumers have increasingly high requirements for the range, charging speed, and driving comfort of electric vehicles. The automatic wheel intelligent chassis technology can effectively improve the performance of electric vehicles, thereby promoting further development of the new energy vehicle market.

Secondly, the automatic wheel intelligent driving chassis technology has a wide range of applications in the field of intelligent driving. With the continuous maturity of the autonomous driving technology, future cars will need to have a higher level of intelligence. The intelligent driving chassis technology of the automatic wheels can provide accurate vehicle control and stability, provide safe and stable driving guaranty for autonomous vehicle, and promote the rapid growth of the intelligent driving market.

In addition, the automatic wheel intelligent chassis technology can also help automobile manufacturers achieve product differentiation and improve brand competitiveness. In the fiercely competitive automotive market, car manufacturers need to constantly introduce models with innovative technologies to attract consumers. The automatic wheel intelligent driving chassis technology can precisely meet this demand and help automobile manufacturers create the products with unique competitiveness. The existing technology of the project can be applied in the logistics, passenger flow, and operation vehicle scenarios of the park, especially in large parks, industrial parks, large factories, and engineering vehicles. The current scene area has an annual demand for more than 5 million new vehicles. Based on a market penetration rate of 1%, there is an initial scale of 50000 vehicles. With an annual growth rate of 30% in the next 5 years, there will be a market scale of 200000 vehicles in 5 years, forming a demand for 800000 sets of automatic wheel modules with a market value of over 10 billion yuan.

In summary, the automatic wheel intelligent driving chassis technology has broad market prospects in the fields such as new energy vehicles and intelligent driving. With the continuous development and maturity of related technologies, automatic wheel intelligent chassis technology will play an increasingly important role in the future automotive market.

3. Financing Needs and Financing Purposes

The project plans to raise 30 million yuan, which is intended for the purchase of equipment, research and development, personnel, market promotion, certification testing, intellectual property, and working capital.

4. Analysis of Technical Achievements and Benefits

4.1 Economic benefits

After the commercialization of the technical achievements of the project, it is expected to generate a market value of about 90 million yuan.

4.2 Social benefits

The industrialization of the project technology can effectively improve the safety and efficiency of transportation in China, reduce the incidence of traffic accidents, and provide people with more convenient and efficient modes of transportation. At the same time, this project can also promote the development of related industries in China, drive industrial structure upgrading, and enhance international competitiveness. In addition, the automatic wheel intelligent driving chassis industrialization project can also cultivate a group of high-tech talents for China, promote technological innovation, and make important contributions to achieving Made in China 2025.

5. Contact Method:

Contact person: Jin Liqiang 

Tel: 13504464021