Event: this week, Huawei successively held “2021 Huawei intelligent vehicle solution ecological forum” and winter press conference with the theme of “sharing ecology and jointly creating the future”; The first smart car equipped with Hongmeng harmonyos operating system has been released. Up to now, the total number of devices carried by Hongmeng has exceeded 320 million.
Hongmeng distance crossed the life and death line further, and the goal of 300 million by the end of the year was exceeded and achieved ahead of schedule. Since the release of Hongmeng version 2.0 on June 2 this year, Hongmeng ecology has developed rapidly. Within one week after the release, the number of upgraded devices exceeded 10 million, 30 million in one month, 50 million in two months and 120 million in four months. According to the data of HDC Developer Conference on October 23, Huawei’s own devices based on Hongmeng have reached 150 million and 60 million third-party devices, totaling more than 210 million. According to the data of Huawei’s new winter product launch on December 23, the total number of devices equipped with harmonyos has exceeded 320 million, of which the number of Huawei’s own devices has exceeded 220 million. In 2021, harmonyos connect added more than 100 million ecological devices, exceeding the target of 300 million in advance.
According to the information disclosed by Google’s global developer conference in the first half of the year and the statistical data of market share of third parties, the total number of active devices equipped with mobile operating systems (Android, IOS and WP) worldwide is about 3.5 billion, and the 16% life and death line of the operating system means that the number of active devices equipped with Hongmeng system needs to be no less than 560 million. At present, the carrying capacity of 320 million units has exceeded half of the life and death line. We believe that in terms of the current growth rate of carrying capacity, we are optimistic about its crossing the life and death line of the operating system.
The first intelligent cockpit car based on Hongmeng operating system was released, and the ecological landing of domestic operating system was accelerated. Huawei released the first AITO (meaning adding intelligence to auto) M5 based on Hongmeng operating system at the winter press conference. This car is Huawei and Chongqing Sokon Industry Group Stock Co.Ltd(601127) The first car of AITO, a high-end smart car brand, was officially released in Chongqing Liangjiang smart factory in early December. AITO boundary M5 is equipped with L2 + automatic assisted driving and Huawei driveone pure electric drive range extension platform. Its 1.5T four cylinder range extender is 3.0, and one liter of oil can generate 3.2 degrees of electricity. Under the condition of full oil and full power, the vehicle can achieve 1242 kilometers under CLTC working condition. According to the official plan, AITO brand will take the lead in launching three new models in the future, including medium-sized luxury SUV, medium-sized luxury pure electric SUV and medium-sized and large-scale luxury SUV. After the comprehensive subsidy, the pre-sale price of the standard version of the M5 rear drive is 250000 yuan, the pre-sale price of the 4WD performance version is 280000 yuan, and the pre-sale price of the 4WD flagship version is 320000 yuan. In addition to software and hardware development, industrial design and other R & D support, Huawei will provide channel support for the vehicle. From December 23, QJ M5 will successively display real cars in 180 Huawei stores in 42 cities. From January 20, 2022, it will successively open reservation test drive and reservation in 500 Huawei stores in 118 cities. It is expected to start delivery after the Spring Festival. We believe that the intelligent network connected car track is an important application scenario of aiot. The carrying of Hongmeng Internet of things operating system with the mission of facing all things on the car and machine end is of great significance to the promotion of application ecology, and the landing and acceleration of domestic operating system.
Implementing the “platform + ecology” strategy, Huawei’s smart car business continues to advance. At the “2021 Huawei smart car solutions ecological forum”, Huawei proposed that it would adhere to the development strategy of “platform + ecology” and focus on ICT technology. Based on the new electronic and electrical architecture and new platform, Huawei launched the smart car digital platform idvp, the smart driving computing platform MDC and the harmonyos smart cockpit, providing three digital bases and development tools for smart cars, Help accelerate the development of China’s intelligent automobile industry.
The division of labor and cooperation among the three platforms are progressing smoothly:
The mission of idvp (intelligence is intelligence, digital is digital, vehicle is automobile and platform is platform) platform is mainly to get through software and hardware, enhance compatibility, promote the standardization of software and hardware interfaces of intelligent automobile and build software and hardware ecology. The platform includes computing and communication architecture CCA, on-board operating system, multi domain collaborative software framework has core and perfect tool chain. It defines hardware interface and software interface with partners to realize layered decoupling of software and hardware. Based on this platform, car enterprises can quickly realize the development and application of cross manufacturers and cross equipment. At present, more than 70 enterprises have joined the SDV working group established by China automobile industry association with the participation of Huawei. SDV has successfully released more than 520 jointly defined APIs in October this year, including 230 device abstraction APIs and 290 atomic service APIs. Based on the standardized interface specification, Huawei has completed the system pre integration with 20 equipment from 10 manufacturers; The joint partners have developed the one click rest and welcome mode, and the development efficiency has been increased by 10 times; Idvp interoperability laboratory was built in Suzhou.
MDC (mobile data center) intelligent driving computing platform mainly works at the software development end to provide developers with a tool chain covering the whole scene and a rich SDK, and support the software development and transplantation of partners, which can meet the core requirements of intelligent driving applications for vehicle regulations and safety at the same time. At present, more than 70 partners have joined the MDC ecosystem to jointly promote the pilot and commercial use of intelligent driving scenarios such as passenger cars, ports, mining cards and parks. In terms of passenger cars, GAC aion LX plus models and Great Wall Motor Company Limited(601633) salon brand mechatron adopt Huawei MDC platform; In terms of commercial vehicles and operation vehicles, Huawei cooperates with Tianjin Port Co.Ltd(600717) to build a horizontal transportation system in the intelligent terminal system. At present, driverless trucks have realized the scene simulation of parallel operation of three berths, three ships and 76 unmanned trucks. The overall operation efficiency has been improved by 15%, the energy consumption of single container operation has been reduced by 20%, and the comprehensive operation cost has been reduced by 10%.
Harmony OS intelligent cockpit ecology is mainly to build an intelligent cockpit ecology around Hongmeng operating system to reduce the difficulty of cockpit system integration and development. At present, 9 types of vehicle enhancement capabilities have been incrementally developed on the harmonyos operating system, and more than 14500 harmonyos and vehicle domain incremental development APIs have been opened; It has established cooperation with more than 150 software and hardware partners to rapidly develop a cockpit system with full scene coverage and multi equipment cooperation. On the latest cockpit demo vehicle, the partners’ on-board sky curtain, electronic rear-view mirror, holographic projection, steering system and intelligent health seat have been deployed. In terms of specific application scenarios, in cooperation with Himalaya, Himalaya car machine public edition application has been realized, and content synchronization and senseless switching between Hongmeng OS multi terminal devices can be realized. In cooperation with Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) group, the optimization scheme of health management system for intelligent cockpit and personal wearable devices has been opened.
Investment suggestion: we believe that the strategy of “platform + ecology” will promote the vigorous development of domestic intelligent vehicle ecology in the continuous promotion of Huawei’s automobile ecology and benefit from the high scenery of intelligent network connected car track. We suggest paying attention to relevant ecological partners: Thunder Software Technology Co.Ltd(300496) (300496. SZ), Huizhou Desay Sv Automotive Co.Ltd(002920) (002920. SZ), Autel Intelligent Technology Corp.Ltd(688208) (688208. SH), Neusoft Corporation(600718) (600728. SH), Arcsoft Corporation Limited(688088) (688088. SH) Appotronics Corporation Limited(688007) (688007. SH), Xiaomi group (1810. HK), Navinfo Co.Ltd(002405) (002405. SZ).
Risk warning: the risk of technology R & D falling short of expectations; Manage the risk of coordination imbalance with relevant auto enterprise partners; The risk that the sales volume of intelligent vehicles is lower than expected; The risk that the ecological construction is not as expected; The risk of insufficient supply caused by the Sino customs trade war; The risk of tight global supply; The risk of unstable downstream demand caused by repeated outbreaks.
