欧宝体育

1. Introduction to the Project

1.1 Project background

1.1.1 Product introduction

The project is dedicated to the research and development and production of automotive-grade lidar products with lower cost and better performance for FAW and other Chinese vehicle manufacturers, aiming to promote the wide application of domestically produced lidar in autonomous driving and other related fields, and to create the “Chinese eye” of intelligent vehicles

1.1.2 Market prospect

(1) Current situation of the automotive-grade lidar market

With the rapid development of autonomous driving technology, the demand for lidar as a core sensing element in the automotive industry continues to rise. Globally, many enterprises are investing a lot of resources in the development and production of lidar systems for automobiles. These systems not only need to meet the stringent requirements of high precision and high reliability, but also need to adapt to various extreme weather and complex road conditions. Technically, solid-state lidar is gradually favored by the industry due to its advantages such as simple structure, compact size and low cost. Nonetheless, the maturity and stability of solid-state technology remain a focus of industry attention. At the same time, despite the high cost, traditional mechanical lidar still occupies an important position in the market due to its mature technology and stable performance. Looking ahead, with the continuous advancement of technology and the further reduction of costs, the application prospect of lidar in the automotive field will be broader.

Automotive-grade radar technology is playing an increasingly important role in the modern automotive industry. With the evolution of autonomous driving technology, the application scope of automotive-grade radar has been expanding, from the initial collision avoidance warning system to adaptive cruise control, blind spot monitoring, parking assistance and pedestrian detection. By emitting and receiving electromagnetic waves, these radar systems can monitor the environment around the vehicle in real time and provide the driver with accurate driving information, significantly improving driving safety and comfort.

At present, automotive-grade radar is mainly divided into two categories: millimeter-wave radar and lidar. Due to its relatively low cost and high technological maturity, millimeter-wave radar is widely used in mid-to-high-end vehicle models. Although the cost of lidar is more expensive, its resolution and detection accuracy are higher, and it is mainly used in advanced autonomous driving systems. With the continuous advancement of technology, the volume of automotive-grade radar is getting smaller and smaller, the performance is getting stronger and stronger, and the cost is gradually decreasing, which makes its application prospect in the automotive field broader.

The world's first automotive-grade mass-produced radar is the SCALA, jointly developed and produced by lbeo and Valeo. It was installed on the mass-produced Audi A8 in 2017. In 2022, the launch of multiple new vehicle models such as NIO ET7, Li L9, AVATR 11, IM L7, Xiaopeng G9, and ARCFOX α-SHI marks the official entry of lidar into the first year of mass production. New vehicle models are generally pre-equipped with L4 level autonomous driving hardware, which has sparked a hardware competition from optional to standard configuration. Lidar, as the core sensor of high-level autonomous driving solutions, is ushering in an explosive period of mass production. It is estimated that in the next five years, each passenger car in China will be equipped with lidar, the market penetration rate of lidar will exceed 50%, and the overall cost will be controlled within 3000 yuan RMB. Considering the country's annual production of 20 million passenger cars, the lidar market capacity will be nearly 30 billion by the end of 2028. The global lidar market is also expected to reach approximately 13 billion US dollars by 2026.

Looking ahead, with the popularization of 5G technology and the development of the Internet of Vehicles, the application of automotive-grade radars will be more diversified. Not only do they provide more accurate situational awareness, but they can also communicate with other vehicles and infrastructure to achieve collaboration between vehicles and intelligent traffic management. This will lay a solid foundation for achieving fully autonomous driving and intelligent transportation systems.

(2) Market demand forecast for automotive-grade lidar

With the rapid development of autonomous driving technology, the market demand for automotive-grade lidar, as the core perception component, is increasing significantly. According to industry analysis reports, it is predicted that the global automotive-grade lidar market will surge from billions of dollars to tens of billions of dollars in the next five years. This growth is mainly attributed to the accelerated pace of commercialization of autonomous vehicles and the widespread adoption of advanced driver assistance systems (ADAS) in traditional vehicles.

Many automobile manufacturers and tech giants are actively investing in the development and production of lidar in order to occupy a favorable position in the future autonomous vehicle market. Breakthroughs in lidar technology, such as the development of solid-state lidar, have effectively promoted cost reduction and performance improvement, thereby broadening the application field of lidar. Meanwhile, with the improvement of relevant regulations and the establishment of technical standards, the application of lidar in the field of automotive safety is also becoming increasingly widespread.

Despite the rapid growth in market demand, competition is also becoming increasingly fierce. Competition between emerging startups and established sensor suppliers is driving product innovation and price reduction. In order to remain competitiveness, enterprises need to continue to innovate not only in technology, but also make smart choices in cost control, supply chain management and market strategy. In the future, companies that can provide cost-effective, highly reliable and easily integrated lidar solutions will be more likely to stand out in the market.

As of the third quarter of 2023, 36 domestic automobile companies had confirmed that they would adopt lidar technology, and it was expected that 106 lidar vehicle models would be launched in the future, accounting for 90% of the global lidar vehicle models. Driven by the batch planning of lidar vehicle models of downstream automobile companies, the shipments of lidar companies increased significantly in 2023, among which RoboSense, Hesai Technology and Seyond were among the top three, with shipments of 256000, 211000, and more than 150000 respectively in 2023, and Huawei was expected to ship about 70000. There were also enterprises such as Tanway Technology and Livox Technology.         

China's automotive-grade lidar market is expected to experience explosive growth between 2024 and 2030, with a compound annual growth rate expected to exceed 30% in the next five years. This growth is mainly due to the rapid development of the intelligent connected vehicle industry chain and the increasing demand for lidar in autonomous driving applications.

1.1.3 Technical analysis

The lidar system is precise and complex, and the fine optomechanical design and transceiver alignment, sensitive detection and rapid response of weak signals are the prerequisites for achieving the detection target. Automotive-grade lidar puts forward higher requirements for safety, reliability, service life, size specifications, and mass productability. In the future, the competition among lidar manufacturers will be more focused on technology iteration, performance improvement, cost reduction and supporting vehicle capabilities. The production performance in line with automotive regulations, mass production and cost reduction are the main theme of the future development of the lidar industry.

1.1.4 Advantageous conditions of project construction

(1) Policy advantages

‌The Implementation Plan for the New Industry Standardization Pilot Project (2023-2035): the Plan focuses on the standardization of emerging industries and future industries, and proposes the "three-step" goal by 2025, 2030 and 2035, providing a clear direction and broad market prospects for the development of the lidar industry.

The Guidelines for the Construction of the National Internet of Vehicles Industry Standard System (Intelligent Connected Vehicles) (2023 Edition): the Guidelines provides a standard system for the development of intelligent connected vehicles and promotes the application of lidar in intelligent connected vehicles.

The Opinions of the General Office of the People's Government of Jilin Province on Supporting the Innovative Development of Electronic Information Manufacturing Industry supports key technology research and development. "The open competition mechanism to select the best candidates" is adopted to solve the urgent major technical needs in the field of optoelectronics. High-quality innovation resources are gathered to organize and implement major scientific and technological special projects for core optoelectronic devices and high-end chips, and to accelerate the breakthrough of “bottleneck” technologies in important fields such as semiconductor lidar, surface emitting lasers, and memristors; a number of key research and development projects are implemented to improve a number of advantageous technology and product research and development capabilities, and to lead and support the advancement of the industrial base and the modernization of the industrial chain; enterprise R&D and innovation are supported. The R&D investment guidance plan for enterprises in Jilin Province is implemented, and subsidy support of up to 1 million yuan to eligible electronic information manufacturing enterprise according to its research and development investment increment and stock is given. The establishment of R&D institutions for provincial-level "specialized, refined, distinctive and innovative" small and medium-sized enterprises in the field of electronic information manufacturing is promoted, and support is given to newly recognized provincial-level enterprise technology centers, manufacturing innovation centers, engineering research centers, as well as national-level manufacturing innovation centers, industrial technology basic public service platforms, and national technology innovation demonstration enterprises through existing special funding quotas.

As a national high-tech industrial development zone and national independent innovation demonstration zone, Jingyue High-tech Zone enjoys national and local policy support, which is conducive to attracting investment and promoting enterprise development.

(2) Industrial advantages

Jilin Province has a deep foundation and advantages in optical and optoelectronic technology. For example, Changchun Institute of Optics, Fine Mechanics and Physics, Chinese Academy of Sciences undertook the national major scientific research equipment project "4-meter-scale high-precision silicon carbide (SiC) aspheric mirror integrated manufacturing system" has passed the acceptance, marking that China's optical system manufacturing capacity has reached the international advanced level. The space optoelectronic technology team of Changchun University of Science and Technology has also successfully developed the "space laser communication system", realizing the "ground dynamic communication", "aviation flying communication" and "double dynamic" laser communication, which is the world's first "one-to-many" simultaneous laser communication.

These advantages together constitute the industrial advantages of Jilin Province in the lidar project, which is not only leading in technology, but also has strong competitiveness in the market and application.

(3) Location advantages

Changchun has a well-developed transportation network, with a variety of transportation modes such as railways, highways, aviation and water transportation. Changchun is the intersection of Harbin-Dalian Railway, Beijing-Harbin Railway, Jilin-Hunchun Railway and other railway trunk lines, and is also the starting point or passing place of multiple expressways such as Beijing-Harbin Expressway and Harbin-Dalian Expressway. In addition, Changchun Longjia International Airport is one of the largest aviation hubs in Northeast China, with nearly 100 domestic and foreign routes. Jingyue High-tech Zone is located in the southeast of Changchun City, with convenient transportation for logistics and personnel flow, which is conducive to attracting enterprises and talents.

(4) Talent advantages

Changchun City is a well-known high-intelligence intensive area in China. More than a dozen key universities such as Jilin University, Northeast Normal University and Changchun University of Science and Technology are located in Changchun City. Moreover, it has the Changchun Branch of Chinese Academy of Sciences, Changchun Institute of Optics, Fine Mechanics and Physics, Changchun Institute of Applied Chemistry and other national and provincial (ministerial) scientific research institutions, as well as design institutes, computing and testing centers and a number of national key open laboratories in Changchun. Changchun City has sufficient human resources and price advantages. Jilin University, Northeast Normal University, Changchun University of Traditional Chinese Medicine, Changchun Institute of Optics, Fine Mechanics and Physics, Changchun Institute of Applied Chemistry and other universities and scientific research institutions can provide senior management personnel and technicians for the implementation of the project.

1.2 Contents and scale of project construction

The project covers an area of approximately 15000 square meters and is expected to achieve an annual production capacity of one million sets by 2028.

1. Development of independent localized chips

(1) SPAD photosensitive chips have completed localized production, and met the application requirements of vehicle-mounted lidar. Production capacity is continuously improved and application scenarios are expanded.

(2) Computing power chips are used for lidar point cloud computing, gradually reducing cost and improving performance while continuously improving point cloud computing methods.

2. Development and manufacturing of lidar products based on independent localized chips

Develop and manufacture vehicle-mounted lidar products for autonomous driving and assisted driving, and help the automotive industry to upgrade intelligently. Promote the popularization of lidar application. Complete the integration of design, production and manufacturing.

3. Improve and optimize the algorithm to realize the system sales of lidar hardware + algorithm

Develop lidar point cloud algorithm to expand the application field of lidar. Realize edge computing and optimization.

4. Basic environment construction

(1) Construction of R&D center and construction of engineering R&D basic environment for core technologies;

(2) Construction of pilot center and construction of basic environment for product pilot testing and small-scale manufacturing;

(3) Construction of intelligent manufacturing base, with large-scale manufacturing capacity.

1.3. Total investment of the project and capital raising

The total investment of the project is 130 million yuan, including the construction investment of 100 million yuan.

1.4 Financial analysis and social evaluation

1.4.1 Main financial indexes

After the project reaches the production capacity, its annual sales income will be 108 million yuan, its profit will be 33 million yuan, its investment payback period will be 6 years (after the tax, including the construction period of 2 years) and its investment profit rate will be 25%.

Note: “10 thousand yuan” in the table is in RMB.

1.4.2 Social evaluation

Maintaining social stability: the construction of the project helps to maintain social stability, reduce social instability factors and build a harmonious society by providing employment opportunities and promoting economic development.

Promote the rapid development of regional economy: the construction of the vehicle-grade lidar project has a significant role in promoting the regional economy, which can drive the development of related industries and promote the rapid growth of the overall economy.

Through the industrialization of core technological achievements, accelerate the construction of lidar industry ecology, strongly support the intelligent upgrading of FAW Hongqi's high-end brand. The products are supplied to FAW Hongqi's high-end products in the first stage, and at the same time, pushed to the main models of automobile enterprises such as BYD Auto and Dongfeng Motor, and promoted as the rapid development of the automotive industry in the later stage, and for exploring application scenarios in multi-business fields such as unmanned aircraft, so as to help the development strategy of "low-altitude economy" in Jingyue District.

1.5 Cooperative way

Sole proprietorship, joint venture or cooperation.

1.6 What to be invested by the foreign party

Funds and other ways can be interviewed.

1.7 Construction site of the project

Changchun Jingyue High-tech Industrial Development Zone

1.8 Progress of the project

The project proposal has been prepared

2 Introduction to the Partner

2.1 Basic information of the unit

Name: Changchun Jingyue National High-tech Industrial Development Zone

Address: No. 1572 Fuzhi Road, Jingyue District, Changchun City, Jilin Province

2.2 Unit Overview

Changchun Jingyue High-tech Industrial Development Zone (hereinafter referred to as Jingyue High-tech Zone) is located in the southeast of Changchun City, established in August 1995, formerly known as Changchun Jingyuetan Tourism Economic Development Zone; in March 2006, it passed the review of the National Development and Reform Commission and was renamed Changchun Jingyue Economic Development Zone; At the beginning of 2011, with the approval of the People's Government of Jilin Province, it was renamed Changchun Jingyue High-tech Industrial Development Zone; in August 2012, with the approval of the State Council, it was promoted to a national high-tech industrial development zone. The zone has jurisdiction over 3 integrated towns and 7 sub-district offices (3 towns of Yutan, Xinlicheng and Xinhu and 7 sub-districts of Jingyue, Yongxing, Caizhi, Boshuo, Dezheng, Derong and Fuzhi), with an area of 478.7 square kilometers and a total population of 410000 (an increase of 170000 compared with that in the sixth national census), of which 49.59% have a college degree, ranking first in the city. In 2021, the regional GDP reached 43.626 billion yuan, an increase of 6.7%; the total industrial output value above designated size reached 14.17 billion yuan, an increase of 14.4%; the total output value of the construction industry above designated size reached 14.14 billion yuan, an increase of 38%; the investment in fixed assets was 25.53 billion yuan, an increase of 17.7%; the sales area of real estate was 1.2802 million square meters, an increase of 5.5%; the retail sales of consumer goods above the limit was 7.554 billion yuan, an increase of 33.5%; the local fiscal revenue reached 1.41 billion yuan, an increase of 11%; the total fiscal revenue reached 6.46 billion yuan, an increase of 7.4%, and the growth rate of the above indexes ranked first among the four major development zones. Jingyue High-tech Zone has been successively awarded "national titles" such as National Service Industry Comprehensive Reform Pilot Zone, National E-commerce Demonstration Base, National Advertising and Creativity Demonstration Park, National Digital Media Industrialization Base for Modern Service Industry, National Information Consumption Pilot Zone, National Culture and Technology Integration Demonstration Base, National Smart City Pilot, and National Independent Innovation Demonstration Zone, and is the core area of the construction of "Cultural and Creative City" in the strategic deployment of "Six-city Linkage" in Changchun.

2.2 Contact method

Contact person: Zhang Fan

Tel: +86-431-80767926

E-mail:657554662@qq.com

Contact method of the city (prefecture) where the project is located:

Contact unit: Changchun Cooperation and Exchange Office

Contact person: Zhang Junjie

Tel: +86-15704317930

Fax: +86-431-82700590

E-mail: xmc82763933@163.com