SHANGHAI, Aug. 6, 2021 /PRNewswire/ -- With the evolving
landscape of the global automotive industry, Cango Inc. (NYSE:
CANG) ("Cango" or the "Company") is issuing a bi-monthly industry
insight called "CANGO Auto View" to bring readers, drivers and
passengers up to speed with what's on offer in the automobile
market, what trends are emerging, and what holes need to be
plugged.
Below is an article from the Company's 4th edition for
June 2021.
Auto intelligence and connectivity are the most challenging
aspects of automakers' broader transition toward electrification,
intelligence, connectivity, and shared mobility. According to a
Deloitte report, there are three main directions for the evolution
of automotive intelligence: intelligent interaction, intelligent
driving, and intelligent services. Among them, intelligent
interaction is the very beginning and core, while intelligent
driving and intelligent services are the output in driving
operation and service experience. Tech-enabled intelligent driving
will be the essential function, while intelligent services centered
by connectivity will be the start of new experience and business
innovation.
From an OEM perspective, the three paths for developing
intelligent connected vehicles (ICVs) are the product development
path focusing on autonomous driving technology, the connectivity
service development path that supports rapid product improvement,
and the intelligent cockpit path prioritizing user thinking. As
intelligence and connectivity development of automobiles is highly
technical in nature, aside from automakers, it has also attracted
the participation of technology giants such as Google, Apple,
Alibaba, Tencent, Baidu and
Huawei.
EV manufacturer Tesla appears to be a pioneer in ADAS and
autonomous driving. Elon Musk said
in 2015 that the technology behind a fully autonomous vehicle only
takes "two to three years" to develop, and "one to five more years"
to obtain approval from regulatory authorities; in October 2015, Tesla launched the "Autopilot"
software, which can be installed on compatible Model S, enabling
automatic steering, lane change and parking functionalities.
Volkswagen Group, representing traditional OEMs, started the
transformation from its luxury car brand Audi. In 2013, Audi became
the world's first carmaker to obtain autonomous driving test
licenses in California and
Nevada.
Before this, technology company Google's autonomous vehicle
fleet had already been granted autonomous driving test licenses. On
May 8, 2012, the Nevada Department of
Motor Vehicles issued the first ever self-driving car license to
Google's self-driving car, which was a modified version of Toyota
Prius hybrid.
Teaming up with tech companies and component companies has also
become a popular strategy adopted by mainstream auto manufacturers
in developing auto intelligence and connectivity. BMW formed an
alliance with Intel and Mobileye to build a platform based on open
standards, so as to launch its self-driving cars to the market. In
2021, BMW plans to complete the development and application of L3
(conditional autonomous driving) to L4 (highly autonomous driving).
A representative mass-produced model is BMW iNEXT, will also be
equipped with full connectivity that supports 5G and the
5th. generation BMW eDrive technology.
Bosch, one of the world's largest automotive suppliers, has more
than 2,000 engineers working in the research and development of
assisted driving systems. The company also cooperates with GPS
manufacturer TomTom to provide surveying and mapping data. In
April 2017, Bosch and Mercedes
announced the joint development of L4 (high automation) and L5
(full automation) cars. Mercedes can exclusively use the jointly
developed system for two years before it can be supplied to other
car-making competitors.
In April, Huawei published a video of autonomous driving on
public roads. The HI version of the BAIC BJEV Arcfox α-S using
Huawei's intelligent automotive solutions started public driving
test in Shanghai, which was also
the test debut of Huawei's autonomous driving technology. According
to Wang Jun, President of Huawei's
Smart Car Solution Business Unit, Huawei will invest over
USD1 billion this year in the
research and development of smart cars in 2021, with the R&D
team expanded to over 5,000 staff members, of which more than 2,000
will be devoted to autonomous driving.
Also, it is worth mentioning that autonomous driving is also
among the key investment directions of ride-hailing companies. In
March 2017, Didi Chuxing opened its
own AI laboratory in the heart of Silicon Valley, starting a
business unit to drive research and development of its intelligent
driving system and AI-based road safety system. In February 2018, Didi Chuxing showcased a working
self-driving car for the first time, claiming to have developed
software for the car and worked with various car manufacturers and
suppliers in hardware.
In terms of Internet of Vehicles (IoV), General Motors is
undoubtedly one of the first mainstream car manufacturers to have
made early investments. GM launched OnStar on three Cadillac luxury
models as early as November 1996. In
December 2009, Shanghai GM launched
the OnStar service – first in Cadillac, and now expanded to Buick
and Chevrolet.
In 2009, Toyota embedded the G-BOOK co-driver intelligent
communication system in its luxury vehicle division Lexus and
brought it to the Chinese market. Before that, Ford released the
SYNC in-vehicle communications and infotainment system at the North
American International Auto Show in 2007.
In April 2021, SAIC-GM showcased
its new pure electric platform Ultium, a new generation of Vehicle
Intelligent Platform (VIP) intelligent electronic architecture, and
the continuously iterating and evolving Super Cruise
super-intelligent driving system. By 2025, SAIC-GM will have
launched more than 10 domestic NEVs based on the Ultium platform,
covering its three major brands of Buick, Chevrolet and
Cadillac.
Over the next 5 years, the Super Cruise super-intelligent
driving system will cover most of the Cadillac models, and will
gradually be applied to future new models of Buick and Chevrolet;
the intelligent lane-center cruise function will be applied to more
than 80% of the models by all three brands, and all of the Ultium
platform models.
Circling back to Volkswagen, in 2020, the company began to
cooperate with Deutsche Telekom in data communication services.
Volkswagen is also talking to other network operators to help users
add a network data service item when using the new technology. The
second generation of Volkswagen's Car-Net connected
car services as rolled out in collaboration with ride-hailing
companies to provide car owners with point-to-point shared mobility
services, which is also part of VW's future plan.
In the Internet era, future generation of automobiles will
establish vehicle-to-vehicle communications, effectively
eliminating car collisions. The development of ICVs will also
enable communications and connections between cars and people, cars
and roads, cars themselves, and cars and the outside world, so as
to achieve intelligent dynamic information services, intelligent
vehicle control and intelligent traffic management. It will also
involve voice interaction solutions, traffic data collection,
traffic resource allocation modes, big data and cloud computing
solutions, and even updates and compatibility with service
providers such as shops, parking lots, and transportation hubs. The
time has come for "software-defined vehicles."
Chinese companies are also accelerating the roll-out of
future-facing products and businesses, promoting innovation in
automotive products, technologies and services.
Among them, Geely Automobile has started its transformation
towards a technology-based enterprise since 2018. The newly
released GKUI 19 intelligent ecosystem is equipped with E01, the
first mass-produced automotive-level high-performance chip with
self-led development and deep customization. Great Wall Motors'
intelligent connectivity system Haval, has been iterated and
upgraded to Version 3.0, co-developed by the Haval brand and
international service providers such as AutoNavi, Tencent, Bosch and Sharp. Changan Automobile
continues to implement its intelligent "Dubhe Plan" by continuously
promoting the "4+1" activities by 2025, with 100% smart cockpits,
L4 mass production and sales, and software technology talents
amounting to 5,000. Dongfeng Nissan
also launched the "Smart Travel+" car connectivity system together
with its partners including China Unicom, AutoNavi Maps, iFlytek,
Moji Weather, Kuwo Music, Koala FM,
Alibaba Cloud, Tencent, Hangsheng Electronics and Lan-You
Technology.
The world's major car companies are all embracing the four new
trends of electrification, intelligence, connectivity, and shared
mobility now, and before we know it, the new age of automobiles
will be upon us.
About Cango Inc.
Cango Inc. (NYSE: CANG) is a leading automotive transaction
service platform in China
connecting dealers, financial institutions, car buyers, and other
industry participants. Founded in 2010 by a group of pioneers in
China's automotive finance
industry, the Company is headquartered in Shanghai and engages car buyers through a
nationwide dealer network. The Company's services primarily consist
of automotive financing facilitation, car trading transactions, and
after-market services facilitation. By utilizing its competitive
advantages in technology, data insights, and cloud-based
infrastructure, Cango is able to connect its platform participants
while bringing them a premium user experience. Cango's platform
model puts it in a unique position to add value for its platform
participants and business partners as the automotive and mobility
markets in China continue to grow
and evolve. For more information, please visit:
www.cangoonline.com.
Media Contact:
Juliet Ye
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: pr@cangoonline.com
Twitter: https://twitter.com/Cango_Group
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SOURCE Cango Inc.