SHANGHAI,
Aug. 27, 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.
Notably, Horizon Robotics is the only company in China that has secured mass production orders
for automotive-grade AI chips. With the ongoing chip shortage
plaguing automakers, Horizon has become one of the most
sought-after companies in the supply chain. It now partners with a
number of OEMs such as Audi, BYD, Changan Automobile, Great Wall
Motor, Dongfeng Motor, GAG Group, Hongqi, JAC Group, Li Auto, Chery
Automobile and SAIC Motor.
According to public sources, Horizon Robotics' main products are
Horizon Matrix® Mono ADAS solution, Horizon Matrix® Pilot
autonomous driving solution, Horizon Matrix® FSD fully autonomous
driving solution, and Horizon Halo™ onboard intelligent interaction
solution. Based on Horizon's inhouse-developed automotive-level AI
chips, its automaker partners can quickly develop autonomous
driving and smart cockpit functionalities. The Horizon Journey 2
chip has been mass-produced and installed in vehicles.
It is reported that Horizon will target L4 autonomous driving
and build the Horizon Matrix® FSD fully autonomous driving solution
based on its Journey 5 chip. Journey 5 will have 96TOPS computing
power, a dual-core vision DSP module, and ASIL-B (D) functional
safety. The overall computing power of Horizon Matrix® FSD can
reach 200-500 TOPS, and it supports 12-channel camera. Lidar can be
added to achieve point-to-point autonomous driving without
disengagement, urban parking, smart summon, and full self-driving
capability covering all kinds of scenarios.
SemiDrive is another key player in the automotive processor
space. It has developed four products as of now – X9U, V9T,
G9Q/G9V. SemiDrive has also secured orders for millions of pieces
per year. Ambarella, a tech company that specializes in visual
perception automotive processors, achieved mass production for its
CV2X series. All CV2X processors adopt the 10nm process, which can
be used for advanced driver assistance systems (ADAS), smart
cockpits, electronic rearview mirrors, assisted parking and other
functionalities.
However, since the end of 2020, the global chip shortage has
affected the production plans of several car companies. Products
impact include storage, passive components, semiconductor
materials, silicon wafers, automotive chips and PCBs. The lack of
chip supplies may be a huge barrier for the future development of
China's auto industry. Therefore,
Chinese companies must accelerate the R&D and manufacturing of
auto chips.
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.