Industry dynamics
Industry status
Huawei held an ecological Forum on Intelligent Vehicle solutions, proposed to adhere to the “platform + ecology” development strategy, build an ecosystem around the three platforms of idvp, MDC and harmonyos intelligent cockpit, and display innovative technologies such as star flash, OTA cloud services and three power cloud services. We continue to track Huawei’s new technologies and new cooperation trends, and remind investors to pay attention to investment opportunities in Huawei’s ecosystem.
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The implementation of the three platform strategies has been accelerated, the expansion of North-South partners has been accelerated, and the ecosystem has been improved day by day. Huawei focuses on the three platforms of idvp, MDC and harmonyos intelligent cockpit to build an all-round ecological cooperation system. At present, about 300 partners have been developed, faster than the company expected. Among them: 1) idvp is an industry digital standard built by Huawei based on its own practice and partners, including communication architecture, on-board operating system and vehicle tool chain. Partners in this field include air conditioning international, KeSiDa, andotto, etc; 2) MDC intelligent driving computing platform is an intelligent driving hardware solution provided by Huawei. Partners in this field include Great Wall Motor Company Limited(601633) , Guangzhou Automobile Group Co.Ltd(601238) and other host manufacturers, as well as participants in the automatic driving industry such as Shangtang technology and momenta; 3) Harmony OS intelligent cockpit is an important business leading Huawei’s landing process at this stage. This part of partners are divided into application and hardware: application software partners such as Himalaya and baby bus, and hardware partners such as Suzhou Sonavox Electronics Co.Ltd(688533) , Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) . We believe that under the trend of automobile intelligent transformation, the intelligent cockpit has become a segment track with faster landing progress in the terminal market by providing consumers with a safer, entertaining and personalized driving experience, and the incremental parts opportunities brought by it deserve more attention.
Lead the establishment of star flash alliance, build an innovation center and intelligent network joint test site, optimize automobile industry chain resources and strengthen joint development strategy. On board wireless communication has the advantages of low delay, high reliability and accurate synchronization. It can limit the length of harness, reduce the weight of harness and reduce the number of connectors, and provide high-quality short-range wireless connection services in scenarios such as smart cars and smart homes. Huawei has taken the lead in establishing the star flash alliance. At present, there are more than 140 member units. We expect to bring a new round of on-board communication technology reform. In addition, Huawei has built an intelligent vehicle solution innovation center and Yangcheng Peninsula intelligent network test site, set up nine laboratories such as MDC, fusion sensing, vision and acoustics, and opened the development tools, experimental equipment and engineer resources of the laboratory to vehicle enterprises and suppliers. We believe that on the basis of innovative technology, with the operation of the innovation center and test field, Huawei will further expand its industrial ecosystem in the automotive field, introduce more partners and improve the ecosystem construction.
Valuation and recommendations
It is recommended to continue to pay attention to the targets of relevant industrial chains, including cooperative car enterprises Chongqing Changan Automobile Company Limited(000625) , parts targets: Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) , Suzhou Sonavox Electronics Co.Ltd(688533) (not covered), Zhejiang Yinlun Machinery Co.Ltd(002126) , Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) , Changying Xinzhi Technology Co.Ltd(002664) , Huizhou Desay Sv Automotive Co.Ltd(002920) (covered by CICC Electronics Group), Thunder Software Technology Co.Ltd(300496) (covered by CICC Software Group), Mianyang Fulin Precision Co.Ltd(300432) (not covered), etc.
risk
Huawei’s technology development is less than expected; Cooperation fell short of expectations.
(China International Finance)
